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:

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

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:

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

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:

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

Swap Fee Details

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

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

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

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

FLP.1 TOKEN BALANCES

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%

FLP.3 TOKEN BALANCES

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%

FLP.4/5 TOKEN BALANCES

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%