Kwenta Documentation
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  • 🥂Welcome to Kwenta
  • Getting Started
    • How to start using Kwenta
    • Introduction
    • Getting started on Optimism
    • How to get sUSD
    • Access Kwenta
      • Installing the IPFS Companion to Access Kwenta
      • Backup RPCs
      • Withdrawing from v2 Isolated Margin using Optimistic Etherscan
  • Using Kwenta
    • Futures on Kwenta
    • Jargon
    • Synthetix Isolated Margin
      • Funding
        • Technical Details
      • Delayed Orders
      • Maker/Takers on Kwenta
      • Leverage
      • Liquidations
      • Initial/Maintenance Margin
      • One-Click Trading
        • Onboarding to 1CT
        • FAQ
      • Smart Margin
        • Dashboard Overview
        • Futures UI Overview
        • Get Started with Smart Margin
          • Withdrawing sUSD & ETH
          • Opening/Closing Positions
          • Conditional Orders
            • Limit Orders
            • Stop-Loss Orders
          • FAQ
      • Delegated Trading
        • Getting started
        • Managing Delegates
        • Accessing Accounts Delegate to You
      • Fees
      • Referral Program
        • The Traders Tab
        • The Affiliates Tab
        • Incentive Tiers and Rewards
      • FAQ
    • Perennial Isolated Margin
      • Perennial Intro
        • Market Design
        • Oracles
        • Payoff & Positions
        • Trading Fees and Price Impact
        • Funding Rate
        • Interest Rate
        • Leverage & Liquidations
        • Collateral
        • CodeBase
      • Bridging to Arbitrum
      • Trading on Perennial
        • Dashboard Overview
        • Futures UI Overview
        • Opening/Closing Positions
        • Advanced Orders
          • Limit Orders
          • Stop-Loss Orders
      • Gasless Trading
        • Onboarding to 1-Click-Trading
        • FAQ
  • Kwenta Token
    • Staking KWENTA
      • How to stake KWENTA
      • Escrow and Vesting
      • Transferring Escrow Entries
    • Claiming Rewards
    • Trading Rewards
  • DAO
    • Kwenta Token
    • Governance
    • MarketingDAO
    • devDAO
      • Contributing to the Kwenta Frontend
        • Troubleshooting
        • Testing
  • Developers
    • Deployed Contracts
      • V2 Futures Market Proxy Contracts
    • Verify Kwenta
    • Kwenta SDK
  • Resources
    • Audits
    • Development progress Epoch 1 2024
    • GitHub
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  1. Using Kwenta
  2. Synthetix Isolated Margin

Fees

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Last updated 10 months ago

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Note that Kwenta charges no additional fees for any of the tooling (advanced orders included) it provides outside of the required fees charged by our liquidity provider.

Kwenta is built upon the Synthetix Protocol. In order to enable the exchange of synthetic assets, an exchange fee is charged by Synthetix, whose fees are sent to the fee pool for Synthetix (SNX) stakers.

Synthetix Fees

Keeper deposit: Dynamic fee given to the keeper bots to execute the trade. Before implementing the dynamic gas fee module, keepers were paid a flat fee for executing off-chain perps orders.

However, this flat fee system proved inadequate in covering gas costs for order execution and couldn't properly incentivize community keepers, as gas costs often exceeded the rewards earned from order execution.

The dynamic gas fee module is designed to adjust the minKeeperFee within bounds set by governance, allowing the system to adapt to varying gas prices and ensuring a decentralized network of keepers remains cost-effective.

The Benefits of the Dynamic Gas Fee Module

  1. Ensuring keepers are fairly rewarded for order execution, encouraging more users to run their own keepers.

  2. Making the keeper system more resilient to fluctuating gas prices

  3. Enhancing decentralization within the Perps ecosystem, contributing to network stability and reliability.

Maker & Taker fees may vary depending on a selected market. The most current fees are prominently displayed within the Kwenta trading platform.

Basis Points (BPS) are a unit of measurement equal to 1/100th of 1 percent commonly used in financial markets. Find actual exchange fees within .

Percentage
.bps

0.02%

2 bps

0.10%

10 bps

All fees are charged against the notional position size during order execution, and up-to-date fees can are always displayed in the order entry panel. Fees are only charged when the trade successfully executes.

Maker/Taker:
Kwenta