# Day Trading Fees Compared, One $10,000 Round Trip at a Time

Updated: 24 September 2026 — Tested: 22 September 2026 — Session Log staff

Day trading fees compared across eleven venues on 24 September 2026: a $10,000 taker round trip costs $5.00 on the cheapest schedule the register admits and $10.00 at its dearest edge, before the book moves against the order. Pool-priced venues charge to open and to close instead. Leverage settles a position long before the fee does.

## Weights and scoring range

cost 30 · liquidity 30 · custody 15 · security 15 · coverage 5 · access 5. Scored out of 25 on one formula for the whole site, fixed 22 September 2026: https://coinlen.com/how-we-rate

## Standings at the close

Cheapest published crossing first; venues posting the same pair share a place. Every row is on the register, and the register admits one thing: an entry tier, undelayed, that takes five basis points or less to cross, which is the most a session of forty crossings can carry. The [scalping ranking](/best-crypto-exchange-for-scalping) narrows the same ordering further and argues a verdict. This page narrows nothing else, names no winner, and the score column plays no part in it.

| # | Venue | Score of 25 | Maker / taker | Perp markets | Model |
|---|---|---|---|---|---|
| 1 | Extended | 19.3 | 0% / 0.025% | 325 | Hybrid |
| 2 | Aster | 18.6 | 0% / 0.040% | 578 | Own layer 1, operator-run |
| 3= | edgeX | 18.4 | 0.040% / 0.045% | 172 | Hybrid |
| 3= | Hyperliquid | 16.6 | 0.015% / 0.045% | 324 | On-chain order book |
| 3= | EVEDEX | 16.3 | 0.015% / 0.045% | 52 | Hybrid |
| 6= | ApeX Omni | 16.4 | 0.020% / 0.050% | 125 | Hybrid |
| 6= | dYdX | 14.3 | 0.010% / 0.050% | 78 | App-chain, validator-held book |

Facts as of 18 September 2026; fees are the entry tier on the BTC perpetual. Access differs by country.

## Quoted, word for word

> "The position fee is 0.04% or 0.06% of the position size." — GMX documentation, Trading Fees, 18 September 2026. https://docs.gmx.io/docs/trading/fees/
> "BTC and ETH Opening a trade: 0.035% Closing a trade: 0.035%" — Gains documentation, Fees and Spread, 18 September 2026. https://docs.gains.trade/gtrade-leveraged-trading/fees-and-spread
> "Note that traders now earn 50% trading rebates directly after each trade as trading rewards via C factor have been set to 0 via governance." — dYdX documentation, Trading Rewards, 18 September 2026. https://docs.dydx.xyz/concepts/trading/rewards
## The log, entry by entry

### 1. [Extended](https://extended.exchange/) — one flat rate, no ladder

19.3 of 25.


One schedule covers every account, 0% maker / 0.025% taker, with no volume tier. Only its
real-world-asset markets differ, at 0.010% to take.

- Works: One rate whatever the last thirty days held; Rebates published with the share required.
- Falls short: Most markets are request-for-quote, with no public book; The rebate needs a maker share few reach.
- Not for: takers hoping volume buys a discount.

### 2. [Aster](https://www.asterdex.com) — no maker fee, four schedules

18.6 of 25.


The order-book mode takes 0% maker / 0.040% taker at the entry tier; the maker side has been
nothing for every tier since 2 February 2026. Shield Mode is a flat 0.03%.

- Works: No maker fee at any tier since February 2026; Immunefi bug bounty up to $200,000.
- Falls short: Four schedules run at once, and one page shows an old one; A data provider dropped its volume figures in October 2025.
- Not for: traders wanting one rate across everything.

### 3. [edgeX](https://pro.edgex.exchange) — a narrow gap, a deep book

18.4 of 25.


The regular tier takes 0.040% maker / 0.045% taker, almost nothing between posting and crossing. Its
book handed that back: a $10,000 taker order moved the price 0.02 bps.

- Works: The smallest price impact of the seven here; A campaign advertises up to a 100% fee rebate.
- Falls short: Its maker rate is within half a basis point of its taker; Two of its own fee pages disagree.
- Not for: makers, who save almost nothing by posting.

### 3. [Hyperliquid](https://hyperliquid.xyz) — one tier for everything

16.6 of 25.


The base tier is 0.015% maker / 0.045% taker, and one tier covers every asset a user trades.
Staking its token cuts that by up to 40%.

- Works: One tier across perpetuals, outside markets and spot; Funding charged hourly, not in eight-hour blocks.
- Falls short: Discounts run off staked tokens, not traded volume; Its vault carried about $4.9 million of bad debt in November 2025.
- Not for: traders who will not hold a venue token.

### 3. EVEDEX — two fixed rates, cashback on top

16.3 of 25.


The published pair is 0.015% maker / 0.045% taker, and no amount of volume changes it
(EVEDEX trading terms and documentation, 18 September 2026). Cashback on fees already paid, not a volume tier, is what
lowers it.

- Works: One pair of rates across all 52 markets; Cashback published as a share of fees paid.
- Falls short: No bug bounty listed on CertiK Skynet on 18 September 2026; 52 markets against hundreds here, and no spot.
- Not for: traders wanting a rate that falls with volume.

### 6. [ApeX Omni](https://omni.apex.exchange/) — a ladder few accounts climb

16.4 of 25.


The entry level takes 0.020% maker / 0.050% taker, and the maker side reaches nothing only at level
five, which asks $500 million of 14-day volume.

- Works: No gas on a trade; funding settles hourly; A forced withdrawal to layer 1 is documented.
- Falls short: Tier and referral discounts do not stack; Audits cover the rollup, not its matching engine.
- Not for: traders expecting volume to pay off.

### 6. [dYdX](https://www.dydx.xyz) — half the fee handed back

14.3 of 25.


The first tier takes 0.010% maker / 0.050% taker, and traders earn 50% trading rebates directly after
each trade. Governance can zero a named market for a window; none ran on 18 September 2026.

- Works: Half the trading fee returns after each trade; Bug bounty up to $1,000,000.
- Falls short: A $10,000 taker order moved its book 2.94 bps; 218 of the 296 markets it listed are in final settlement.
- Not for: traders sizing above what its book holds.

## Fee, fill and what is left out

Two bills leave the account on every round trip: the published taker rate on both legs, and
how far a market order walks through the book. On $10,000 one basis point is one dollar, so
both are the same currency.

| Venue | Fees on a $10,000 round trip | Price impact on the same order | All in |
|---|---|---|---|
| Extended | $5.00 | $0.12 | $5.12 |
| Aster | $8.00 | $0.18 | $8.18 |
| EVEDEX | $9.00 | $4.12 | $13.12 |
| Hyperliquid | $9.00 | $0.12 | $9.12 |
| edgeX | $9.00 | $0.04 | $9.04 |
| dYdX | $10.00 | $5.88 | $15.88 |
| ApeX Omni | $10.00 | $0.86 | $10.86 |
| [Ostium](https://www.ostium.com) | $6.00, 0.06% to open only | by formula | $6.00 plus an oracle charge |
| [gTrade](https://gains.trade) | $7.00, 0.035% each way, plus $1.00 spread | by formula | $8.00 plus holding fees |
| [GMX](https://gmx.io) | $8.00 to $12.00, 0.04% or 0.06% each way | by formula | the same, plus a keeper fee |
| [Jupiter Perps](https://jup.ag/perps) | $12.00, 0.06% each way | by formula | $12.00 plus a borrow fee |

Rates read 18 September 2026; the impact column is our own median from that day's readings.
The last four rows are pool venues, kept out of the standings because they publish no taker
rate to order them by, and each adds a borrowing or rollover charge for every hour held. The
order here is not the one the schedules give. From the same documentation: GMX can close a
winning position through auto-deleveraging and cuts the leverage ceiling as pool open interest
grows; gTrade and Ostium both keep the whole collateral on a liquidation, and Ostium charges the
oracle fee even when an open fails on slippage; Jupiter Perpetuals lists
3 markets and refuses limit orders past 80% utilisation.

Three venues the desk reads are off the register and out of the table. Aevo takes
0.080% to cross, sixteen basis points on the round trip and 1.6 times the dearest rate
the register admits. Lighter and Paradex take nothing at the entry tier and are out all the same,
because each sells that zero for time: Lighter's free Standard account is the delayed one, its own
fee page giving "Taker latency: 300ms", and Paradex puts a 300 ms speed bump on the retail orders it
charges nothing for. A free trade that arrives late is not free to a trader working the same day,
so neither one is priced against the seven above.

None of it is netted against a rebate. EVEDEX publishes cashback returning part of the fees
already paid, rising with a gamification level open to every user and adding a fixed 5
percentage points for Prime subscribers, to a ceiling of 35% of a trader's own trading fees.
dYdX returns 50% of the fee after each trade, Extended pays maker rebates, and Hyperliquid
discounts for staked tokens.

## How the session was run

Every rate is the entry tier on the venue's own fee page, read 18 September 2026, turned into
dollars on one $10,000 position opened and closed with market orders. The impact column is ours:
each BTC perpetual book read six times an hour until the log closed on 22 September 2026, reported as a median. No
accounts were opened and no orders placed. Weights sit on [how we rate](/how-we-rate).
Placement on this site is paid for.

No volume tier is modelled here. Every rate is the one a new account pays, and almost every venue
has a ladder over it. Cashback and rebates are not netted off. Impact is BTC only, from one session
of readings. Funding runs for as long as a position does.

## FAQ

### What does a single round trip actually cost me?

On the seven venues on the register the published taker fee on both legs runs from $5.00 to $10.00, and our readings add between $0.04 and $5.88 of price impact across both legs. Added together, the range across the session ending 22 September 2026 was $5.12 to $15.88.

### Why do some perpetual exchanges charge a fee to open and to close instead of maker and taker rates?

Because there is no order book to sit on either side of. GMX, gTrade, Jupiter Perps and Ostium quote a liquidity pool at an oracle price. They charge a position fee on entry and usually on exit, then price impact by formula.

### Do crypto exchange trading fees go down with volume?

On most venues here yes, but not at the sizes a retail account trades. ApeX Omni reaches a maker rate of nothing only at $500 million of 14-day volume. Extended publishes one flat schedule, and EVEDEX a pair that cashback reduces.

### How much is 0.045% on a $10,000 trade?

$4.50 one way and $9.00 for the round trip, because a day trader pays it going in and coming out. Three venues here publish that taker rate, namely edgeX, EVEDEX and Hyperliquid. Twenty round trips is $180.00 before the book has moved.

### What is a maker rebate?

A payment to the trader who leaves an order resting on the book instead of crossing the spread. Extended pays 0.002% to 0.010% to makers holding 0.5% to 5% of thirty-day maker volume, settled daily above $10. Below that share, makers pay nothing.

### Are funding payments part of the cost of a trade?

They are, and no figure here includes them. A perpetual charges funding between long and short holders for as long as a position is open. EVEDEX computes a rate every eight hours and settles an eighth of it hourly, as does ApeX Omni.

### Do you pay gas fees when trading perpetual futures?

Not on most venues here. ApeX Omni states that trading costs no gas, Aevo pays the network cost on its own rollup, and gTrade covers gas on its instant-wallet route. The charge returns in deposits, withdrawals and, on pool venues, the keeper.

### Are trading fees charged on the position size or on the margin?

On the position size, which is why leverage multiplies the bill. GMX documents its position fee as a share of position size, and Aevo quotes both rates as a share of the notional. A $10,000 position at fifty times leverage costs the same to trade as one at two.

### Do crypto exchanges charge a fee to withdraw?

Several here do, and it sits outside every figure above. Aevo charges 25 USDC to withdraw to Ethereum and nothing to Arbitrum or Optimism. ApeX Omni charges 2 USDT for a fast withdrawal off Ethereum. edgeX sets a minimum withdrawal fee of 1 USDC.

### Why are trading fees quoted in basis points?

A basis point is one hundredth of a percentage point, and it keeps the fee and the fill in one unit. On a $10,000 position one basis point is one dollar, so 0.045% is 4.5 points, or $4.50. A book moving 2.4 points costs $2.40.

## Who runs this desk

This site is paid placement. The order above is computed from published figures alone, never placed by hand, and every figure carries its date and its source. Corrections: editorial@coinlen.com.

Session Log staff, 24 September 2026

This site is paid placement.