Fees

Summary of protocol fees

Note!

TON Hedge perpetual DEX is currently in its testnet phase. Its functionality is a subject of change.

At TON Hedge, fees are deducted from the collateral with every trade, whether opening or closing a position. Let's break down each fee.

Execution Fee

A fixed fee of $0.01 is charged for every operation on the platform, including staking, unstaking, deposits, withdrawals, and trading.

Position Fee

This fee is charged when a trade is made and is equal to 0.1% of the position size in USD. It is charged on every type of trade, including opening or closing the position, managing its margin, or liquidation

Funding Fee

This fee helps balance open interest in each trading pair. Traders either pay or receive funding based on the open interest distribution:

• If long open interest exceeds short open interest → Funding is positive. Long traders pay, short traders receive.

• If short open interest exceeds long open interest → Funding is negative. Short traders pay, long traders receive.

The current funding rate is always displayed in the interface. It is capped at 0.006% of the position size per hour.

Positive funding is divided among all positions on the smaller side proportionally to their size. It is transferred directly to the trading account balance on every positions change.