How to calculate Gemini contract transaction fees

To calculate Gemini futures contract transaction fees, multiply the contract value by the maker fee (0.02%) if you create the contract, or the taker fee (0.04%) if you fulfill an existing order.

Nov 12, 2024 at 01:53 pm

How to Calculate Gemini Contract Transaction Fees

Gemini offers a variety of contract trading options, each with its own set of fees. Here's a breakdown of how to calculate the fees for each type of contract:

1. Futures Contracts

• Maker Fee: 0.02% of the contract value
• Taker Fee: 0.04% of the contract value
• Calculation:

Maker Fee = 0.02% * Contract Value
Taker Fee = 0.04% * Contract Value

Example:

If you create a futures contract with a value of $10,000:

Maker Fee = 0.02% * $10,000 = $2.00
Taker Fee = 0.04% * $10,000 = $4.00

2. Options Contracts

• Opening Fee: 0.08% of the contract value
• Closing Fee: 0.04% of the contract value
• Calculation:

Opening Fee = 0.08% * Contract Value
Closing Fee = 0.04% * Contract Value

Example:

If you open an options contract with a value of $5,000:

Opening Fee = 0.08% * $5,000 = $4.00

3. Automated Trading (API)

• Tier 1:

  • Maker Fee: 0.015% of the contract value
  • Taker Fee: 0.03% of the contract value

• Tier 2:

  • Maker Fee: 0.01% of the contract value
  • Taker Fee: 0.02% of the contract value
• Tier Determination:

Tiers are based on monthly trading volume:

• Tier 1: $100,000 or more
• Tier 2: $10,000 to $99,999

4. Additional Fees:

• Margin Funding Fee: Varies based on the asset and the amount borrowed
• Settlement Fee: 0.0005 ETH per contract

Steps to Calculate Contract Transaction Fees:

1. Identify the Type of Contract: Determine if you're trading a futures contract, options contract, or through automated trading.
2. Check Tiers: If using automated trading, determine your tier based on monthly trading volume.
3. Apply Fee Percentage: Multiply the contract value by the appropriate maker or taker fee percentage based on the contract type or tier.
4. Consider Additional Fees: Add any applicable margin funding fees or settlement fees.
5. Example Calculation: If you're creating a futures contract with a value of $10,000 and are in Tier 1, your maker fee would be:

Maker Fee = 0.015% * $10,000 = $1.50