How do trade fees work?

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 /api/quotes and /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.
  • 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.
  • This ensures that the deliver_amount is the amount debited from their account inclusive of fees.

Accumulation

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