Market Details

Spot Market Details offer important market information for each spot market.

• Market Name

• Description

• Base Token

• Quote Token

Your Fee Tier

Your Fee Tier is determined by your staked amount. To climb up the tiers, you can increase the amount of SWTH staked or accumulate more rSWTH or non-staked SWTH in your available balance.

As you progress to higher tiers, your maker and taker fees decrease, providing you with more favorable trading costs.

Learn more here.

Maker Fees

Maker fees are fees charged when a trader adds liquidity to the order book by placing a limit order (i.e. order does not get filled immediately).

You can reduce your Maker Fees (and potentially earn maker rebates) by staking $SWTH here.

Taker Fees

Taker fees are fees incurred when a trader removes liquidity from the order book by executing a market order (i.e. order is filled immediately).

You can reduce your Taker Fees by staking $SWTH here.

Lot Size

Lot Size refers to the minimum quantity of an asset that can be traded in a single order transaction.

Tick Size

Tick size refers to the minimum price increment at which the asset's price can change. The smallest possible price change on a market.

Minimum Order Amount

Minimum Order Amount refers to the minimum amount that can be traded in a single order.

Mark Pricing Strategy

The Mark Price is the price at which the market is valued during trading.

• Last Price: If the oracle network is down or the index price cannot be updated, the mark price formulation uses the last traded price of the market.

• Fair Price: The mark price is determined by finding a fair price based on the current market's order book, ensuring it doesn't deviate excessively from the index price.