Fees

Inquiry and Quote Fee

Contract Size

For any strategy leg:

$$NominalKnockValue = IndexPrice \cdot AbsKnockQty$$

For option legs, an additional calculation applies:

$$OptionKnockValue = OptionKnockPrice \cdot OptionAbsKnockQty$$

Taker Fee

$$FutureTakerFee = \max(NominalKnockValue \cdot TakerFeeRate, MinTakerFee)$$

$$OptionTakerFee = \max(\min(NominalKnockValue \cdot TakerFeeRate, OptionKnockValue \cdot MaxOptionFeeRate), MinTakerFee)$$

Maker Fee

$$FutureMakerFee = \max(NominalKnockValue \cdot MakerFeeRate, MinMakerFee)$$

$$OptionMakerFee = \max(\min(NominalKnockValue \cdot MakerFeeRate, OptionKnockValue \cdot MaxOptionFeeRate), MinMakerFee)$$

Settlement Fee

Future Settlement Fee

$$FutureSettlementFee = FutureSettlementFeeRate \cdot FutureSettlePrice \cdot |FutureSettleQty|$$

Option Settlement Fee

$$OptionSettledAmount = OptionSettlePrice \cdot OptionQty$$

$$OptionSettlementFee = \min(OptionSettlementFeeRate \cdot SettleTWAP \cdot OptionQty, OptionSettleAmountMaxFeeRate \cdot OptionSettledAmount)$$

Liquidating Fee

Dederi waives all transaction fees for both liquidators and liquidatees during the liquidating process.