Fees on Options and Futures Trading

The trading fees on Delta are mainly charged at the Notional Size of the trade

Notional Size = Spot Price * Qty

Spot Price*: click here to know more

Example: Options

Let's assume a trader buys 300 contracts of BTC USDT option at a strike price of $26,000 while BTC is trading at 26,200

1 contract of BTC = 0.001 BTC
300 contracts of BTC = 300 * 0.001 = 0.3 BTC
Hence the notional size = 26200 * 0.3 = $7860

Example: Futures

Let's assume a trader buys 300 contracts of BTC USDT futures at a price of $26,200.

1 contract of BTC = 0.001 BTC
300 contracts of BTC = 300 * 0.001 = 0.3 BTC
Hence the notional size = 26200 * 0.3 = $7860

Fees in Options Trading (Options and Move Contracts)

Usually the trader will only be paying the Taker/Maker fees while opening or closing a position. This fees remains fixed.

Taker/Maker Fees (0.03% of the Notional Size)

Taker fee is a trading fee charged to traders who "take" liquidity from the order book by executing trades that are immediately matched with existing orders.
Maker fee is a trading fee charged to traders who provide liquidity to the order book by placing limit orders that are not immediately matched with existing orders.
Click here to know more about taker and maker orders.

Fee Capping feature Advantage (10% of premium)

Delta Exchange offers a fee capping feature where the trading fee is capped at a maximum of 10% of the premium on options contracts. This fee capping advantage can benefit traders who deal with Deep OTM options which have low-premium.

Fee Calculation

Let's assume a trader buys 300 contracts of BTC USDT OTM option at a strike price of $26,000 at a premium of $15 while BTC is trading at $26,200

1 contract of BTC = 0.001 BTC
300 contracts of BTC = 300 * 0.001 = 0.3 BTC
Hence the notional size = 26200 * 0.3 = $7860
Premium Paid = Qty * Premium = 0.3 BTC * $15 = $4.5

Since, the taker/maker fees is 0.03% the fee would have been 0.03% * $7860 = $2.36. However, 10% of the premium for this trade is 10% * $4.5 = $0.45. Since this is less than $2.36, the user will only pay $0.45 as the trading fees.

The premium capping will be eligible only when the taker/maker fees based on the notional size is more than the fees based on the 10% premium calculations.

NOTE: The calculation will stay the same even in case of option selling.

Fees in Futures Trading (Inverse/USDT Linear Futures)

Usually the trader will only be paying the Taker/Maker fees while opening or closing a position. This fees remains fixed. Unlike options, the maker fees in Futures is 0.03% less than the taker fees. Hence, a user can take advantage of the less maker fees by ensuring he takes a Maker Order.

• Taker Fee: 0.05% of the Notional Size
• Maker Fee: 0.02% of the Notional Size

Fee Calculation

Let's assume a trader buys 300 contracts of BTC USDT futures at a price of $26,200.

1 contract of BTC = 0.001 BTC
300 contracts of BTC = 300 * 0.001 = 0.3 BTC
Hence the notional size = 26200 * 0.3 = $7860

Fees for Taker Order will be 0.05% * 7860 = $3.93 while the Fees in case it is a Maker Order will be 0.03% * 7860 = $2.36

NOTE: The calculation will stay the same even in case of a sell order