BitMEX Equity Perps have a maker rebate of -0.025% and a taker fee of 0.050%. Makers receive 2.5 basis points per trade for adding liquidity. This means placing limit orders that add liquidity to the order book earns a small rebate when the order is executed. Takers pay 5 basis points per trade for taking liquidity. We may introduce special Taker rates depending on your VIP status or holding of BMEX Tokens at a later date.
How do maker and taker fees work on Equity Perps?
A maker order adds liquidity to the order book. It does not execute immediately. Instead, it rests in the order book until another trader matches it. On BitMEX Equity Perps, makers receive a -0.025% rebate – they are paid to trade.
A taker order removes liquidity from the order book. It executes immediately against a resting order. Takers pay 0.050% per trade.
When is an order classified as maker or taker?
- Maker: A limit order placed away from the current market price that enters the order book and waits.
- Taker: A market order, or a limit order placed at a price that matches an existing resting order immediately.
How does this affect trading costs in practice?
On a $10,000 notional Equity Perps position:
- Maker: Receives $2.50 rebate
- Taker: Pays $5.00 fee
Active traders who use limit orders can significantly reduce their net trading costs through maker rebates. However, Fee structures are one component of total trading cost. Funding rates and spreads also affect profitability.