Updated: May 17, 2023
Bullish does not charge fees for opening an account. All fees are associated with transactions.
Fee Schedule
Different fees may apply depending on whether your order immediately matches against an existing order (is a “taker”), is matched later (is a “maker”), or some combination of both. We only charge on the filled amount. We do not charge if your order is unfilled.
Buyers pay their fees in the same currency that they paid in (e.g. USDC for BTC/USDC) and sellers in the currency they sold (e.g. BTC for BTC/USDC).
Trade
| Currency pair | Maker fee | Taker fee |
| AAVE/USDC | 0 bps | 1 bps (0.01%) |
| BTC/USDC | 0 bps | 1 bps (0.01%) |
| BTC/USDT | 0 bps | 1 bps (0.01%) |
| CRV/USDC | 0 bps | 1 bps (0.01%) |
| EOS/USDC | 0 bps | 1 bps (0.01%) |
| ETH/BTC | 0 bps | 1 bps (0.01%) |
| ETH/USDC | 0 bps | 1 bps (0.01%) |
| ETH/USDT | 0 bps | 1 bps (0.01%) |
| LINK/BTC | 0 bps | 1 bps (0.01%) |
| LINK/USDC | 0 bps | 1 bps (0.01%) |
| LTC/BTC | 0 bps | 1 bps (0.01%) |
| LTC/USDC | 0 bps | 1 bps (0.01%) |
| MANA/USDC | 0 bps | 1 bps (0.01%) |
| MATIC/USDC | 0 bps | 1 bps (0.01%) |
| SUSHI/USDC | 0 bps | 1 bps (0.01%) |
| UNI/USDC | 0 bps | 1 bps (0.01%) |
| USDT/USDC | 0 bps | 0 bps |
Maker fees
Maker fees are charged on the amount filled when your limit order is matched later with a subsequent taker order.
We do not charge maker fees for any of our markets.
Taker fees
Taker fees are charged on the amount filled when you send a market order or when you send a limit order that immediately matches against another market participant’s previously sent limit order.
Taker fees are not applied when trading stablecoins for fiat or vice-versa.
Automated Market Making Instructions
No fees are charged to submit or terminate AMM Instructions.
AMM fees
As detailed in Generating Income With Automated Market Making Instructions, on every fill made by a taker against an AMM Instruction, Bullish collects earnings consisting of the taker fees paid against one or more AMM Instructions and the spread income generated by those AMM Instructions.
Bullish’s AMM fee is 25%, meaning that it retains 25% of Gross AMM Income.
Deposit and withdrawal fees
Bullish does not charge for wire transfers. Deposit and withdrawal fees, are detailed below.
| Fee type | Fee per transaction |
| Deposit |
|
| Withdrawal |
|
| Other |
|
Viewing charged fees
To view the records of charged fees:
- Go to the left-hand navigation and choose Orders.
- Choose Trade History.
- View the Fees column.
Viewing your paid trade fees
To check your paid trade fee history:
- Go to the left-hand navigation and choose Orders.
- Choose Trade History.
- View the Fee column.
You can also filter your search results by:
- Currency Pair (e.g. BTC/USDC, EOS/USDC, ETH/USDC).
- Side (Buy or Sell).
- Time Span (Hour, Day, Week, Month, Quarter).