When trading options on Gate, you may incur three types of fees: trading fees, exercise fees, and forced liquidation fees. Below, we'll break down the fee structure for crypto options.
Trading Fees
Maker and Taker in Options Trading:
Maker orders "post" liquidity to the order book. These orders (such as limit orders) don’t execute immediately but are placed on the order book to wait for a match.
Taker orders "take" liquidity from the order book. These orders (such as market orders or limit orders that execute instantly) are filled immediately upon submission, matching with existing maker orders.
Different VIP levels correspond to different trading fee rates.
| VIP Level | Asset Requirement for VIP Upgrade (USD) | 14-Day Average Holdings (GT) | 30-Day Trading Volume (USD) | Maker Fee | Taker Fee |
|---|---|---|---|---|---|
| VIP0 | 0 | 0 | 0 | 0.020% | 0.028% |
| VIP1 | 2,000 | 50 | 60,000 | 0.019% | 0.028% |
| VIP2 | 4,000 | 200 | 120,000 | 0.018% | 0.026% |
| VIP3 | 10,000 | 500 | 240,000 | 0.017% | 0.024% |
| VIP4 | 20,000 | 1,000 | 500,000 | 0.017% | 0.022% |
| VIP5 | 40,000 | 2,000 | 1,000,000 | 0.015% | 0.020% |
| VIP6 | 100,000 | 5,000 | 3,000,000 | 0.014% | 0.018% |
| VIP7 | 200,000 | 10,000 | 8,000,000 | 0.013% | 0.016% |
| VIP8 | 400,000 | 20,000 | 20,000,000 | 0.010% | 0.015% |
| VIP9 | 1,000,000 | 50,000 | 50,000,000 | 0.005% | 0.015% |
| VIP10 | 2,000,000 | 100,000 | 100,000,000 | 0.000% | 0.015% |
| VIP11 | 4,000,000 | 200,000 | 120,000,000 | 0.000% | 0.015% |
| VIP12 | 8,000,000 | 400,000 | 240,000,000 | 0.000% | 0.015% |
| VIP13 | 16,000,000 | 800,000 | 440,000,000 | 0.000% | 0.015% |
| VIP14 | 30,000,000 | 1,500,000 | 800,000,000 | 0.000% | 0.015% |
| VIP15 | 30,000,000 | 1,500,000 | 800,000,000 | 0.000% | 0.015% |
| VIP16 | 30,000,000 | 1,500,000 | 800,000,000 | 0.000% | 0.015% |
Note: The trading fee for a single contract cannot exceed 12.5% of the option price.
Calculation Formula
Trading Fee = MIN (Taker/Maker Fee Rate × Index Price, Maximum Fee Percentage of Order Price × Option Trading Price) × Option Trading Quantity
MIN stands for minimum; the function MIN(A, B) returns the smaller of A and B.
Example
- Type: Call option
- Strike Price: $105,000
- Order Quantity: 0.3 BTC or 30 option contracts
- Expiry Date: June 11, 2025
- Underlying Asset: BTC
- Order Type: Limit order (Maker)
- Option Market Price: 666 USDT
When the BTC index price is $102,000, placing an order for 0.3 BTC or 30 contracts results in a trading price of $200.
In this example, you need to pay a trading fee of 7.5 USDT, calculated as follows:
Trading Fee = MIN (0.03% × 102,000, 12.5% × 200) × 0.3
Exercise Fee
An exercise fee is charged when exercising an option.
Take a call option as an example. When the settlement price of the underlying asset is higher than the strike price, the option is exercised. The buyer receives the option profit, and the seller is obligated to sell the option. Both parties must pay an exercise fee. Only unexercised options and daily options are exempt from exercise fees.
| Non-Daily Exercise Fee Rate | Daily Exercise Fee Rate | |
|---|---|---|
| Option | 0.015% | 0.000% |
Note:
The exercise fee for a single contract cannot exceed 12.5% of the option profit, where option profit = settlement price – strike price.
Daily options do not incur exercise fees. Daily options refer to same-day options, next-day options, and third-day options. Daily options do not include periodic options, monthly options, or quarterly options.
Calculation Formula
Option Exercise Fee = MIN [Exercise Fee Rate × Index Price, Maximum Fee Percentage of Option Profit × (Market Price – Strike Price)] × Position Quantity
Example
- Type: Call option
- Underlying Asset: BTC
- Strike Price: $105,000
- Trading Quantity: 0.3 BTC
- Expiry Date: June 27, 2025
- Expected Market Price: $106,000
When the option contract expires, the BTC index price is $106,000. The call option is exercised.
In this example, you need to pay an exercise fee of 4.77 USDT, calculated as follows:
Exercise Fee = MIN [0.015% × 106,000, 12.5% × (106,000 − 105,000)] × 0.3
Forced Liquidation Fee
In options trading, if your margin is insufficient, your position will be forcibly liquidated, and a fee will be charged.
| Forced Liquidation Fee Rate | |
|---|---|
| Option | 0.03% |
Calculation Formula
Forced Liquidation Fee = Forced Liquidation Fee Rate × Option Trading Quantity × Index Price
Example
For the following options trade:
- Type: Call option
- Strike Price: $107,000
- Trading Quantity: 0.3 BTC
- Expiry Date: June 27, 2025
- Underlying Asset: BTC
Seller of BTCUSDT-250627-107000-C option. If the BTC index price rises to $110,000, the seller must add margin to maintain the position. However, if the available balance is insufficient, the position will be forcibly liquidated.
In this case, the liquidation fee will be 9.9 USDT, calculated as follows:
You need to pay a forced liquidation fee of 9.9 USDT, calculated as follows:
Forced Liquidation Fee = 0.03% × 0.3 × 110,000
