How Deribit’s Automated Trading Fee Tiers Are Calculated
Summary
The document explains Deribit’s planned automated fee discount tiers, including how accounts qualify, how options and futures volume are counted, and when fee levels change. The initial assignment uses October activity, after which upgrades are evaluated daily on a rolling 30-day basis while downgrades are reviewed monthly using the prior calendar month. Downgrades move only one level at a time.
VIP 1 eligibility depends on equity thresholds, including a requirement for USDC specifically; higher levels use options or futures volume thresholds. The highest level reached through either instrument applies to fees on both, and qualifying volume aggregates activity across subaccounts. Spot trades are excluded. VIP 1 status is maintained using monthly average daily equity, with a one-month restriction on regaining that level after a downgrade. The article describes the rules but does not reproduce the fee table or establish current rates; it directs readers to the exchange’s knowledge base for up-to-date details.
Key ideas
- Fee discounts are assigned by tier, with upgrades reviewed daily and downgrades monthly.
- Options and futures volume are assessed separately, but the higher qualifying tier applies to both fee schedules.
- Trades across subaccounts count toward volume, while spot trades do not.
- VIP 1 requires specified equity thresholds, including a USDC-specific minimum, and is subject to monthly maintenance criteria.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.