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  • FLASH TRADE
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      • Margin Framework
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On this page
  • Trader Fees:
  • Crypto (Pool 1 Assets)
  • Synthetic Assets
  • Solana Beta (Pool 3 Assets)
  • Meme (Pool 4 & 5 Assets)
  • Margin Fee Step Values
  1. FLASH TRADE
  2. Perpetuals Specifications

Fees

Here are fees for user actions on Flash.Trade for Traders.

Trader Fees:

Crypto (Pool 1 Assets)

  • Open/Close Fee: A fee charged whenever a position is opened or closed. For Crypto (BTC, ETH, and SOL) trades this is 0.051% (5.1bps) of the total size of the trade.

  • Margin Fee: A fee that is charged continuously on an open position that is dependant on size of the trade and utilization of the pool asset being used. There is a cap of 90% on utilization for all assets to ensure LPs are able to withdraw. Step1% and Step2% details per asset are below.

MarginFee/Hr = \frac{\text{Utilization %}}{\text{100%}}(\frac{\text{Step1%}}{hour}) :\ \text{ Utilization %} \lt \text{72%}
MarginFee/Hr = \frac{\text{Utilization %}}{\text{100%}}(\frac{\text{Step2%}}{hour}) :\ \text{ Utilization %} \geq \text{72%}

Calculated by the formula below:

  • Swap Fee: If a user brings another asset other than the one that is used for collateral when trading then they will incur a swap fee. This is a dynamic fee that depends on the balance of assets in FLP.

Calculated by the formulas below:

Synthetic Assets

  • Open/Close Fee: A fee charged whenever a position is opened or closed on total size of the trade.

Market
Open/Close Fee

FX

0.08%

Metals

0.10%

  • Margin Fee: Same as Pool 1.

Solana Beta (Pool 3 Assets)

  • Open/Close Fee: A fee charged whenever a position is opened or closed. For Solana Beta (JUP, JTO, KMNO,RAY, PYTH, and W) trades this is 0.15% of the total size of the trade. Exceptions on JTO and KMNO markets where there is a 0.25% and 0.28% trading fee respectively due to market structure.

  • Margin Fee: Same as Pool 1

  • Swap Fee: If a user brings another asset other than the one that is used for collateral when trading then they will incur a swap fee. This is a dynamic fee that depends on the balance of assets in FLP.

Calculated by the formulas below:

Meme (Pool 4 & 5 Assets)

  • Open/Close Fee: A fee charged whenever a position is opened or closed. For Meme token (BONK & WIF) is 0.17% of the total size of the trade.

  • Margin Fee: Same as Pool 1

  • Swap Fee: If a user brings another asset other than the one that is used for collateral when trading then they will incur a swap fee. This is a dynamic fee that depends on the balance of assets in FLP.

Calculated by the formulas below:

Swap Fee Details

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

Token
Fee Target
Fee Max
Base Fee

Pool 1 Tokens

0.00075

0.0015

.0002

Pool 3/4/5 Token

.001125

.00225

.0003

USDC

.00025

.0005

.0001

TOKEN
Target ratio
Min ratio
Max ratio

BTC

22.5%

10%

30%

ETH

5%

6%

20%

SOL

27.5%

20%

40%

USDC

45%

35%

55%

TOKEN
Target ratio
Min ratio
Max ratio

JUP

20%

10%

40%

JTO

15%

10%

20%

RAY

5%

2%

12%

KMNO

15%

5%

20%

PYTH

2%

1%

10%

W

3%

1%

10%

USDC

40%

30%

50%

TOKEN
Target ratio
Min ratio
Max ratio

BTC

70%

1%

100%

USDC

30%

1%

100%

Margin Fee Step Values

Tokens
Max APR% ≤ Optimal Utilization
Max APR% > Optimal Utilization

ВТС

30%

105%

SOL

56%

105%

ETH

30%

105%

Metals/FX

175.2%

175.2%

KMNO

140%

175%

JUP

140%

175%

JTO

140%

175%

RAY

140%

350%

PYTH

140%

175%

W

140%

250%

BONK

140%

250%

WIF

140%

250%

PENGU

140%

350%

TRUMP

140%

350%

SAMO

140%

250%

Pool 1 USDC

28%

35%

Pool 3 USDC

35%

50%

Pool 4+ USDC

50%

100%

PreviousCollateral SpecificationNextStop Loss/Take Profit Orders

Last updated 21 days ago

SwapFeetotal=SwapFeepaying+SwapFeereceiving+BaseFeepaying+BaseFeereceivingSwapFee_{total}=SwapFee_{paying}+SwapFee_{receiving}+BaseFee_{paying} +BaseFee_{receiving}SwapFeetotal​=SwapFeepaying​+SwapFeereceiving​+BaseFeepaying​+BaseFeereceiving​
SwapFeetotal=SwapFeepaying+SwapFeereceiving+BaseFeepaying+BaseFeereceivingSwapFee_{total}=SwapFee_{paying}+SwapFee_{receiving}+BaseFee_{paying} +BaseFee_{receiving}SwapFeetotal​=SwapFeepaying​+SwapFeereceiving​+BaseFeepaying​+BaseFeereceiving​
SwapFeetotal=SwapFeepaying+SwapFeereceiving+BaseFeepaying+BaseFeereceivingSwapFee_{total}=SwapFee_{paying}+SwapFee_{receiving}+BaseFee_{paying} +BaseFee_{receiving}SwapFeetotal​=SwapFeepaying​+SwapFeereceiving​+BaseFeepaying​+BaseFeereceiving​
SwapFeepaying=M(Ratio)+bM=Feetarget−FeeminRatiotarget−Ratiominb=Feemin−M(Ratiomin)SwapFee_{paying}=M(Ratio)+b \\ M = \frac{Fee_{target}-Fee_{min}}{Ratio_{target}-Ratio_{min}} \\ b=Fee_{min}-M(Ratio_{min})SwapFeepaying​=M(Ratio)+bM=Ratiotarget​−Ratiomin​Feetarget​−Feemin​​b=Feemin​−M(Ratiomin​)
SwapFeereceiving=M(Ratio)+bM=Feetarget−FeemaxRatiotarget−Ratiominb=Feemax−M(Ratiomin)SwapFee_{receiving}=M(Ratio)+b \\ M = \frac{Fee_{target}-Fee_{max}}{Ratio_{target}-Ratio_{min}} \\ b=Fee_{max}-M(Ratio_{min})SwapFeereceiving​=M(Ratio)+bM=Ratiotarget​−Ratiomin​Feetarget​−Feemax​​b=Feemax​−M(Ratiomin​)