Taker's fee
When a trade occur on Mangrove, a small fee is charged to the Taker taking an offer:
- It is a percentage of the tokens the Taker is about to receive
- Different trading pair have different fees (it usually depends on the market's volatily)
- The fee will be displayed before you Confirm buy when placing a Market or Limit order
Current markets and fees
| Market | Fee |
|---|---|
| USDC/USDT | 0% |
| WETH/USDC | 0.05% |
Example
- Taker buys 2 WETH at a unit price of 1100 USDC/WETH
- Fee: 5bps = 0.05%
- Fee to be paid: 2 WETH * 0.05% = 0.001 WETH
- Taker receives 2 WETH minus paid fee = 1.999 WETH
Here is what it looks like on Mangrove app:
Fees for GTT resting limit orders
There is a special case scenario for resting limit orders (when using GTT): Takers only pays a fee for the immediately executed part of the order, not on the resting one.