Fee Structure

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Trading Fees

Trading fees are applied during various actions related to positions on the LogX network. The types of trading fees are as follows:

• Taker Fee:
  A fee of 5 basis points (bps) is charged to the taker of a trade. This fee is applied when a user opens or closes a position as a taker.

• Maker Fee:
  A fee of 2 basis points (bps) is charged to the maker of a trade. This fee is applied when a user opens or closes a position as a maker.

• Fee Application:
  Trading fees are deducted in the following scenarios:

  • Opening a Position: Fees are deducted when you open a position.
  • Closing a Position: Fees are deducted when you close a position.
  • Liquidation: If your position is liquidated, the trading fee is deducted in addition to the liquidation fee.

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Bridging Fees

Bridging fees are charged when you withdraw tokens from the LogX network to any other chain. These fees are dependent on the token being withdrawn.

• Fee Application:
  The bridging fee is specific to each token and is deducted during the withdrawal process.

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Liquidation Fees

Liquidation fees are charged when a user’s position is liquidated on the LogX network.

• Fee Structure:
  The liquidation fee is a fixed percentage of the size of the position that is liquidated. This fee is applied when the liquidation process is triggered.

• Fee Application:
  This fee is deducted in addition to the trading fee when a position is liquidated.