Overview of Fee Structure
Orderly base fees are set by the Builder’s builder staking
programme.
This tiering determines the taker base fee and maker rebate cap, with the same rates applying to
crypto and RWA markets. Builders can still configure different user-facing trading fees for crypto
and RWA trades respectively, including negative maker fees that pass a rebate through to
qualifying traders. Use the Trading
fees page for the current taker and
maker base fee tiers.
User Flow for Builders
1
Determine fee tiers
Decide on the logic for fee tiers based on specific criteria (e.g. volume, staked tokens), or set all users under the same fee rate.
2
Calculate fee rates
Assign users to fee rates based on the chosen criteria.Orderly provides a fee tier assignment tool for volume-based tiers.
The fee rate is the total charged to, or rebated to, the user. For taker fees, the user-facing
fee cannot be less than the Orderly base fee. For maker fees, a negative user-facing rate is a
trader rebate; Orderly funds it only up to the Builder’s tier cap.
Custom user and default fee rates must be set in decimal-rate increments of
0.00001, which
equals 0.001% or 0.1 bps. This precision rule applies to standard custom fee settings, not
order tag fee settings.3
Set the default fee rate
Set the
default fee rate through POST /v1/broker/fee_rate/default.4
Set per-user fees
Send updated fee assignments to Orderly:
- Users keeping their current rate (including default): no update needed
- Users reset to default: send through POST
/v1/broker/fee_rate/set_default - Users assigned a new rate: send through POST
/v1/broker/fee_rate/set— batch bymaker_fee/taker_feecombination
All users are assigned the default fee rate unless overridden by the builder.
5
Retrieve fee rates
- User fee rate: GET
/v1/broker/user_info - Default fee rate: GET
/v1/broker/fee_rate/default
Conditional Maker Rebates
Conditional Maker Rebates align Orderly’s protocol funding with the maker incentives that Builders actually pass through to traders. Taker fees are unchanged. A tier’s negative base maker fee is the maximum rebate Orderly will fund for a qualifying maker trade. It is a pass-through incentive for the trader, not revenue for the Builder.How it works
- User maker fee is zero or positive: Orderly funds no maker rebate. If the fee is positive, the Builder keeps the maker fee collected from the trader as revenue.
- User maker fee is negative: Orderly funds the trader’s maker rebate up to the Builder’s tier cap. The Builder passes the funded rebate through to the trader and does not retain it as revenue.
Gold tier example
For a Gold-tier Builder, the maker rebate cap is -0.10 bps:Custom fee structures
Eligibility is evaluated per trade, so Builders can apply different maker fees to different user groups. For example, a Builder can charge retail traders +0.05 bps and offer a whitelisted market maker -0.10 bps. Orderly funds the rebate only for the market maker’s negative-fee trades; the retail trades receive no protocol-funded maker rebate.Maker Rebate Settlement
Protocol-funded maker rebates are passed through to traders. They may appear in Builder-side fee settlement as part of the funding flow, but they are not Builder earnings. Trader rebates settle on each qualifying execution.FAQs
Will there be limitations on how often fee rates can be changed?
Will there be limitations on how often fee rates can be changed?
There are no inherent limitations besides API rate limits, but we recommend prudent management
to maintain consistency and trust with end users.
How to set fees for users?
How to set fees for users?
Builders can develop a custom tiered structure based on different parameters like volume, staked
tokens, etc.
Can I get help determining and setting fees?
Can I get help determining and setting fees?
Orderly provides a fee tier assignment
tool to help builders assign
users to volume-based tiers.
How do conditional maker rebates work?
How do conditional maker rebates work?
Orderly funds maker rebates only when a Builder sets a negative user-facing maker fee. The
rebate is passed through to the trader up to the Builder’s tier cap and is not Builder revenue.
See Conditional Maker Rebates for examples.
How are fee rebates distributed?
How are fee rebates distributed?
Trader maker rebates settle on each qualifying execution. Any Builder-side settlement associated
with funding the rebate is a pass-through and not Builder earnings.
What are the fee wallet requirements?
What are the fee wallet requirements?
Currently EOA only, with multisig support upcoming.