Trading Fees
Velocity offers a highly competitive fee structure with the potential for even lower fees as trading volume increases. Fees are calculated per trade based on the filled notional position size and are charged in the market’s quote asset (USDT), affecting the position’s cost basis.
If a user holds only non-USDT assets, a USDT borrow may be triggered upon settlement of a loss in perpetual markets (see Profit & Loss). Trading volume from Swap is excluded from the fee tier volume calculation.
Perp Market Fees
Taker fees are tiered by your trailing 30-day volume and vary by asset. Maker orders earn a rebate at every tier. Your fee tier updates automatically as your trailing 30-day volume changes. If you qualify for the next fee tier before your first 30 days are complete, your tier is upgraded automatically.
| Tier | 30D Volume | Taker Fee BTC/ETH/SOL | Taker Fee Other Markets | Maker Rebate |
|---|---|---|---|---|
| Regular User | < $5M | 0.040% (4 bps) | 0.055% (5.5 bps) | -0.0025% (-0.25 bps) |
| VIP 1 | $5M – $80M | 0.030% (3 bps) | 0.045% (4.5 bps) | -0.0025% (-0.25 bps) |
| VIP 2 | > $80M | 0.020% (2 bps) | 0.035% (3.5 bps) | -0.0025% (-0.25 bps) |
Filler Reward
Filler rewards are the lesser of a size-based component (10% of the fee) and a time-based component that grows with slots since the order was placed, so keepers are incentivized to fill older orders. See Keeper Incentives.
Referral discounts and rewards
Referral rewards apply at every fee tier, with no volume cap:
- Traders who join through a referral link receive a 5% discount on their taker fees.
- Standard referrers earn 10% of the taker fees paid by traders they refer.
- Accelerated referrers earn 20%.
See the Referral Links page for details.