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NODE/03 · Term

Taker fee

Fee paid for executing a market order that 'takes' liquidity from the book. Typically higher than the maker fee — the venue subsidises whoever stands in the book.

Aliases: taker, taker commission

Taker fee is the fee an exchange charges on a market order that immediately fills against a resting limit order. The taker is “taking” liquidity; for that they pay a higher fee than the maker.

Why fees are asymmetric

A venue benefits from a deep order book — it attracts traders and tightens spreads. Depth comes from makers (limit orders). To incentivise them, the venue:

  • Charges a low maker fee (often 0.02–0.05%, sometimes negative = rebate).
  • Charges a higher taker fee (typically 0.05–0.1%).

The gap is essentially a subsidy from takers to makers, routed via the venue.

Typical values

VenueMakerTaker
Binance Spot0.1%0.1%
Bybit Perps0.02%0.055%
OKX Spot0.08%0.1%
STON.fi (AMM)0.3% (LP)0.3% (single tier)

VIP volume and native-token holdings drop both fees; top tiers feature maker rebates as low as −0.01%.

On AMM DEXs

A pure AMM has no maker/taker split: every swap is a “take”, every LP is a passive “make”. So STON.fi, DeDust and the rest charge a single fee — say 0.3% — paid by every swapper and split among all LPs.

Concentrated liquidity (CLMM) partly revives the split: an LP active inside a range behaves like a maker, and the venue can offer multiple fee tiers (0.01% / 0.05% / 0.3%) for different pairs.

Perpetuals

Perp protocols typically charge 0.055–0.075% taker, 0.02–0.03% maker. At high volume the 2–3x ratio is meaningful — frequent traders favour limits specifically to save on fees.

What matters for users

  • Small trade? A 0.1% taker vs 0.02% maker on 100 USDT is 0.08 USDT — irrelevant.
  • Large volume? On 100,000 USDT a day, the gap is tens of dollars per day, thousands per year — well worth using limits.
  • On AMM DEXs the 0.2–0.3% fee is built into every swap and goes to LPs, not “nowhere”.

Taker fee is the simplest line item in trading costs and the most underestimated over the long run.

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