Beaxy incentivizes Market Makers by rewarding them with a rebate- only the market taker pays the trading fee.
Fees are computed based on a percentage of the notional order value for a matched trade. The "Taker" side of the trade pays a fee, while the "Maker" side of the trade receives a rebate. Fees and rebates are transferred in the collateral currency of the contract being traded (Bitcoin / Ether).
When am I a Taker, when am I a Maker?
If you submit an order that crosses the order book and is immediately matched, you pay the taker fee. If you submit an order that first sits in the order book before it is matched, you receive the maker rebate. Each maker receives a rebate of 0.02%.
How are Settlements, Liquidations, Assignments and Unwinds treated?
Positions that are settled in final settlement are treated as taker.
Liquidations are treated as taker.
Assignments are treated as taker.
Unwinds are treated as taker for the party causing the unwind, and fees for the other party are 0.
Post Only orders can be used in conjunction with Limit orders to guarantee that you will be the Maker when posting to the order book. This is used to help add liquidity to the exchange and ensure you will avoid paying a Taker fee. These can only be used with Limit Orders. After selecting 'Limit' as the order type, you will see a checkbox appear towards the bottom of the buy/sell order form. Click this checkbox to make your order post only.