Trading Fee

StandX distinguishes between maker and taker orders when calculating trading fees.

• A maker order is one that adds liquidity to the order book (e.g., limit orders that are not immediately matched).
• A taker order is one that removes liquidity from the order book (e.g., market orders or limit orders that are immediately matched).

During the Alpha Test period, StandX applies different fee rates to maker and taker orders:

• Maker fee: 0.01%
• Taker fee: 0.04%

Fees are calculated based on the notional value of each matched trade:

Fee = Notional Value × Fee Rate

Examples:

• A limit order to buy 0.2 BTC at a price of $100,000 (maker order):

  → 100,000 × 0.2 × 0.01% = $2

• A market order to sell 0.2 BTC at a price of $100,000 (taker order):

  → 100,000 × 0.2 × 0.04% = $8