Progressive Trade Fees
The core functionality of Covesting copy-trading is the replication of all trades placed by a Manager of a Strategy by every Following of the Strategy. This allows many Followers to benefit from copying a successful Manager of a Strategy.
However, filling orders for Strategies with a significant amount of Followers’ Equity can lead to considerable price slippage due to a rapid depletion of order books of our liquidity providers upon order execution. This price slippage has to be taken into account by Managers whose Strategies have significant current Equity in Followings.
Because price spread and slippage may vary widely due to constantly changing market conditions, and to make it more transparent for Strategy Managers, PrimeXBT absorbs the risks of varying liquidity and transfers the price slippage into fixed trade fees on Covesting.
A Manager's effective trade fee in a Strategy will depend on the current Followers' Equity of the Strategy only. The trade fee in a Strategy will increase as the Followers' Equity grows due to the Strategy's performance or new Followers joining it and it will decrease if the Followers' Equity decreases. At the same time, the price spread will depend on the Manager's order amount only, and will not be affected by the Follower's Equity.
Please refer to the table below for trade fees on Covesting for different instruments*:
Current Followers' Equity, BTC
Current Followers' Equity, ETH
Current Followers' Equity, USDT / USDC
Trade Fee, Crypto
Trade Fee, FX and Metals
Trade fee, Indices
1 or less
25 or less
50,000 or less
0.05%
0.001%
0.01%
1 to 5
125
250,000
0.05%
0.001%
0.01%
5 to 10
250
500,000
0.055%
0.0011%
0.011%
10 to 15
375
750,000
0.061%
0,0012%
0.0122%
15 to 20
500
1,000,000
0.082%
0.0016%
0.0164%
20 to 40
1000
2,000,000
0.121%
0.0024%
0.0242%
40 to 60
1500
3,000,000
0.192%
0.0038%
0.0384%
60 to 80
2000
4,000,000
0.29%
0.0058%
0.058%
80 to 110
2750
5,500,000
0.481%
0.0096%
0.0962%
110 or more
5750
11,500,000
0.65%
0.013%
0.13%
* The fees are calculated based on statistics of price spreads that PrimeXBT experiences at liquidity providers, and may be changed in case the market conditions change
Covesting trade fees can be further reduced by up to 30% with COV token utility.
Last modified 24d ago
Copy link