Trade Fees

Learn how trade fees are calculated and accumulated

Overview

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

Calculation

Spread fee units are represented in basis points (e.g., 20 charges a 0.20% spread), while fixed fees are denoted in the base units of the asset (e.g., 100 for a USD fee translates to a $1.00 USD fixed fee).

Buy

• When deliver_amount is specified, fee is subtracted from the amount quoted by the liquidity provider.
  • The deliver_amount is the amount debited from the account, inclusive of fees.
• When receive_amount is specified, fee is added to the deliver_amount quoted by the liquidity provider. The total fee + deliver_amount is debited from the account.
  • The receive_amount is the amount credited to the account, inclusive of fees.

Sell

• When receive_amount is specified, fee is added to the amount quoted by the liquidity provider.
  • The receive_amount is the amount credited to the account, inclusive of fees.
• When deliver_amount is specified, fee is subtracted from the receive_amount quoted by the liquidity provider. The total receive_amount - fee is credited to the account.
  • The deliver_amount is the amount debited from the account, inclusive of fees.

Accumulation

• Partner trade fees accumulate in a fee fiat account at the bank level.

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Key takeaway

Regardless of which amount is specified (deliver_amount or receive_amount), the specified amount is always maintained after accounting for fees.

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