Fees

Flash Trade implements a dynamic fee structure across different asset pools. Understanding these fees is essential for optimizing your trading strategy.

Overview

All trading fees consist of three main components:

• Open/Close Fees - Charged when opening or closing positions

• Margin Fees - Continuous fees on open positions based on utilization

• Swap Fees - Applied when using different collateral assets

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1

Pool 1: Crypto Assets (BTC, ETH, SOL)

Open/Close Fees

• Rate: 0.051% (5.1 bps) of total position size

• Applied: On both position opening and closing

Margin Fees

• Rate: Variable based on pool utilization

• Cap: 90% utilization maximum

• Calculated by the formula below:

Note: Utilization ≥ 72% triggers higher rates

Swap Fees

Applied when using non-native collateral:

• Calculated by the formulas below:

$$SwapFee_{total}=SwapFee_{paying}+BaseFee_{paying}$$

Fee Parameters:

Component	Rate
Fee Target	0.00075
Fee Max	0.0015
Base Fee	0.0002

2

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Pool 2: Synthetic Assets

Supported Markets & Fees

Market	Open/Close Fee
FX	0.08%
Metals	0.10%
Crude Oil	0.15%

Margin Fees

• Same structure as Pool 1 (Crypto Assets)

• Utilization-based dynamic rates

3

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Pool 3: Solana Assets

Supported: JUP, JTO, KMNO, RAY, PYTH, W

Open/Close Fees

• Standard Rate: 0.11% of position size

Swap Fees

• Calculated by the formulas below:

$$SwapFee_{total}=SwapFee_{paying}+SwapFee_{receiving}+BaseFee_{paying} +BaseFee_{receiving}$$

Fee Parameters:

Component	Rate
Fee Target	0.001125
Fee Max	0.00225
Base Fee	0.0003

4

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Pools 4+ : Meme Assets

Supported: BONK, WIF, PENGU, SAMO, FARTCOIN

Open/Close Fees

• Rate: 0.12% of position size

• Applied: All meme tokens

Margin & Swap Fees

• Margin: Same as Pool 1

• Swap: Same formula as Pool 3

Token Pool Compositions

FLP.1

TOKEN	Target ratio	Min ratio	Max ratio
USDC	45%	15%	55%
JitoSOL	24.50%	14%	45%
BTC	22.5%	15%	40%
ETH	5%	2%	12%
SOL	3%	0.10%	45%

FLP.3

TOKEN	Target ratio	Min ratio	Max ratio
USDC	40%	10%	80%
JUP	20%	10%	40%
JTO	20%	10%	40%
RAY	10%	5%	40%
KMNO	8%	2%	20%
PYTH	2%	0.10%	10%

FLP.4

TOKEN	Target ratio	Min ratio	Max ratio
USDC	30%	0.01%	100%
PUMP	30%	0.01%	100%
BONK	20%	0.01%	100%
PENGU	20%	0.01%	100%

FLP.5

TOKEN	Token Ratio	Min Ratio	Max Ratio
WIF	70%	1%	100%
USDC	30%	1%	100%

FLP.6

Pool is Deprecated

TOKEN	Token Ratio	Min Ratio	Max Ratio
SAMO	70%	1%	100%
USDC	30%	1%	100%

FLP.7

TOKEN	Token Ratio	Min Ratio	Max Ratio
FARTCOIN	70%	1%	100%
USDC	30%	1%	100%

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Margin Fee Rates by Asset

Major

Asset	≤ Optimal Utilization	> Optimal Utilization
BTC	30%	105%
SOL	56%	105%
ETH	30%	105%

Solana Ecosystem

Asset	≤ Optimal Utilization	> Optimal Utilization
JUP	140%	175%
JTO	140%	175%
RAY	140%	350%
PYTH	140%	175%
W	140%	250%
KMNO	140%	175%

Meme Tokens

Asset	≤ Optimal Utilization	> Optimal Utilization
BONK	140%	250%
WIF	140%	250%
PENGU	140%	350%
TRUMP	140%	350%
SAMO	140%	250%

Stablecoins

Pool	≤ Optimal Utilization	> Optimal Utilization
Pool 1	28%	35%
Pool 3	35%	50%
Pool 4+	50%	100%

Synthetic

Asset	≤ Optimal Utilization	> Optimal Utilization
Metals/FX/Commodities	175.2%	175.2%

Fee Calculation Formulas

Swap Fee Components

• Details on the components of the Swap Fee are below. FeeMin is always 0.

$$SwapFee_{paying}=M(Ratio)+b \\ M = \frac{Fee_{target}-Fee_{min}}{Ratio_{target}-Ratio_{min}} \\ b=Fee_{min}-M(Ratio_{min})$$

USDC Special Fee Structure

Component	Fixed Fee
Add/Mint Liquidity	0 bps
Remove/Burn Liquidity	15 bps

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Important Notes

⚠️ Utilization Cap: All pools maintain a 90% utilization cap to ensure liquidity provider withdrawals remain possible.

📊 Dynamic Pricing: All swap fees are calculated dynamically based on current pool ratios and target balances.

🔄 Real-time Updates: Margin fees are calculated and charged continuously based on current utilization rates.