# Trading Fees

Demex trading fees are levied as a **percentage** of each executed trade's value.  

## Fee Structure

Demex uses a maker-taker fee model for determining trading fees. 

There are two types of trading fees on Demex — Maker and Taker fees:

* **Maker Fees**: The fees charged to users who place orders that are not immediately filled by existing orders on the order book. These users are known as "makers" because they are adding liquidity to the exchange, thereby making a market such that other users can immediately trade against. 
* **Taker Fees**: The fees charged to users who place orders that are immediately filled by other existing orders on the order book. These users are known as "takers" because they are taking liquidity away from the exchange.

In addition, the more [$SWTH](https://hub.carbon.network) you stake, the lower your trading fee is. Here are the staking tiers and corresponding fees for each market type.

{% tabs %}
{% tab title="Perps / Futures Markets" %}

<table><thead><tr><th width="134">Tier</th><th width="199">Staked SWTH Amount </th><th width="169">Maker Fee*</th><th width="182">Taker Fee*</th></tr></thead><tbody><tr><td>Plankton</td><td>&#x3C; 15,000 SWTH</td><td><del>0.015%</del> 0.0135%</td><td><del>0.08%</del> 0.072%</td></tr><tr><td>Prawn</td><td>≥ 15,000 SWTH</td><td><del>0.012%</del> 0.0108%</td><td><del>0.07%</del> 0.063%</td></tr><tr><td>Crab</td><td>≥ 150,000 SWTH</td><td><del>0.009%</del> 0.0081%</td><td><del>0.06%</del> 0.054%</td></tr><tr><td>Fish</td><td>≥ 750,000 SWTH</td><td><del>0.006%</del> 0.0054%</td><td><del>0.05%</del> 0.045%</td></tr><tr><td>Dolphin</td><td>≥ 3,750,000 SWTH</td><td><del>0.003%</del> 0.0027%</td><td><del>0.04%</del> 0.036%</td></tr><tr><td>Orca</td><td>≥ 15,000,000 SWTH</td><td><del>0.001%</del> 0.0009%</td><td><del>0.03%</del> 0.027%</td></tr><tr><td>Whale</td><td>≥ 37,500,000 SWTH</td><td>0%</td><td><del>0.02%</del> 0.018%</td></tr><tr><td>Leviathan</td><td>≥ 75,000,000 SWTH</td><td>-0.01%</td><td><del>0.01%</del> 0.009%</td></tr><tr><td><a href="/pages/7H19vO5GZMASrfhEWzgP">Perp Pool</a></td><td>N/A</td><td>-0.060%</td><td>0.00%</td></tr></tbody></table>

\*Discounted due to Carbon Credits Rebate, more info [here](https://guide.dem.exchange/trade/fees/carbon-credits).

*Note: Trading fees are subject to change at any time.*&#x20;
{% endtab %}

{% tab title="Spot Markets" %}

<table><thead><tr><th width="134">Tier</th><th width="259">Staked SWTH Amount </th><th>Maker Fee</th><th width="152">Taker Fee</th></tr></thead><tbody><tr><td>Plankton</td><td>&#x3C; 15,000 SWTH</td><td>0.10%</td><td>0.30%</td></tr><tr><td>Prawn</td><td>≥ 15,000 SWTH</td><td>0.09%</td><td>0.28%</td></tr><tr><td>Crab</td><td>≥ 150,000 SWTH</td><td>0.08%</td><td>0.25%</td></tr><tr><td>Fish</td><td>≥ 750,000 SWTH</td><td>0.07%</td><td>0.20%</td></tr><tr><td>Dolphin</td><td>≥ 3,750,000 SWTH</td><td>0.06%</td><td>0.10%</td></tr><tr><td>Orca</td><td>≥ 15,000,000 SWTH</td><td>0.05%</td><td>0.08%</td></tr><tr><td>Whale</td><td>≥ 37,500,000 SWTH</td><td>0.03%</td><td>0.05%</td></tr><tr><td>Leviathan</td><td>≥ 75,000,000 SWTH</td><td>0.01%</td><td>0.02%</td></tr></tbody></table>

**Note:** Trading fees are subject to changes.&#x20;
{% endtab %}

{% tab title="Pre-launch Perp Markets" %}

<table><thead><tr><th width="134">Tier</th><th width="259">Staked SWTH Amount </th><th>Maker Fee</th><th width="152">Taker Fee</th></tr></thead><tbody><tr><td>Plankton</td><td>0 SWTH</td><td>-0.15%</td><td><del>0.30%</del> 0.27%</td></tr><tr><td>Prawn</td><td>≥ 15,000 SWTH</td><td>-0.16%</td><td><del>0.28%</del> 0.252%</td></tr><tr><td>Crab</td><td>≥ 150,000 SWTH</td><td>-0.17%</td><td><del>0.26%</del> 0.234%</td></tr><tr><td>Fish</td><td>≥ 750,000 SWTH</td><td>-0.18%</td><td><del>0.25%</del> 0.225%</td></tr><tr><td>Dolphin</td><td>≥ 3,750,000 SWTH</td><td>-0.19%</td><td><del>0.24%</del> 0.216%</td></tr><tr><td>Orca</td><td>≥ 15,000,000 SWTH</td><td>-0.20%</td><td><del>0.23%</del> 0.207%</td></tr><tr><td>Whale</td><td>≥ 37,500,000 SWTH</td><td>-0.20%</td><td><del>0.22%</del> 0.198%</td></tr><tr><td>Leviathan</td><td>≥ 75,000,000 SWTH</td><td>-0.20%</td><td><del>0.21%</del> 0.189%</td></tr><tr><td><a href="https://guide.dem.exchange/earn/perpetual-liquidity-pools">Perp Pool</a></td><td>NA</td><td>-0.225%</td><td>0.00%</td></tr></tbody></table>

\*Discounted due to Carbon Credits Rebate, more info [here](https://guide.dem.exchange/trade/fees/carbon-credits).

**Note**: Trading fees are subject to changes.&#x20;
{% endtab %}
{% endtabs %}

{% hint style="info" %}
With our [Fee Delegation](https://guide.dem.exchange/trade/fees/fee-delegation) feature, users can delegate their fee tier benefit to another account (to split their staking and trading wallets without losing fee discounts)!
{% endhint %}

### Other forms of SWTH

Unstaked and liquid-staked SWTH (rSWTH) also count towards your fee tier.

* Every 1 `unstaked SWTH` available in your available balance is treated as `0.5` staked SWTH
* Every 1 `rSWTH` available in your available balance is treated as `0.9` staked SWTH

{% hint style="warning" %}
Only unstaked SWTH and rSWTH in your **available balance** (e.g. not in open orders or LPs) contribute to your total staked value.
{% endhint %}


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