Trade Fees

Learn how trade fees are calculated and accumulated

Overview

• Cybrid may implement trades fees as specified in each partner's partner agreement.
• Partners may also implement trade fees.
• Both Cybrid and partner trade fees are aggregated and displayed in the "fees" attribute of the POST /api/quotes and POST /api/trades endpoints.
• Trade fees are configured by the Cybrid team.

Calculation

Buy

• When the "deliver_amount" is specified, the "fee" is subtracted from the amount that is quoted by the liquidity provider.
  • This ensures that the "deliver_amount" is the amount debited from their account inclusive of fees.
• When the "receive_amount" is specified, the "fee" is added to the "deliver_amount" which is quoted by the liquidity provider, and "fee" + "deliver_amount" is the amount debited from their account inclusive of fees.
  • This ensures that the "receive_amount" is the amount credited to their account inclusive of fees.

Sell

• When the "receive_amount" is specified, the "fee" is added to the amount quoted by the liquidity provider.
  • This ensures that the "receive_amount" is the amount credited to their account inclusive of fees.
• When the "deliver_amount" is specified, the "fee" is subtracted from the "receive_amount" that is quoted by the liquidity provider, and "receive_amount" - "fee" is the amount credited to their account inclusive of fees.
  • This ensures that the "deliver_amount" is the amount credited to their account inclusive of fees.

Accumulation

• Partner trade fees are accumulated in a "fees" fiat account at the bank-level.

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Key take-away: The general principle behind trade fees is that regardless of which amount is specified (i.e. deliver_amount or receive_amount), the specified amount is always maintained after accounting for fees.

• Accumulated trade fees in the bank-level "fees" account and other costs (such as ACH and KYC fees) will be invoiced to the partners.