Fees Structure
How fees are applied to both primary and secondary trades
Whales Market is committed to offering a flexible and transparent trading experience while maintaining platform sustainability through a minimal fee structure. Here's how fees are applied across different actions on the platform:
1. Settlement Fee
The final buyer (the one holding the position at settlement) and the original seller (the one delivering the tokens) will each incur a 2.5% fee based on the notional value of the trade.
This fee is deducted from each party’s collateral during the settlement process.
2. Resell Position Fee
When a buyer resells their pre-market position before the token generation event (TGE), an extra 5% fee is applied to the resale order notional value. This additional fee is not eligible for any discounts.
This fee is deducted at the time the resale is successfully executed.
3. Example
A buyer purchases a position for $1,000. If they later resell it for $1,500, a 5% fee ($75) is applied to the resale order.
At settlement, the final Buyer and original Seller each pay a 2.5% fee on $1,000 ($25 each).
FAQ
What type of fees are there on Whales Market?
There are two main types of fees mentioned: the Secondary Market Fee, which is applied during a resale, and the Final Settlement Fee, which is applied at the time of final settlement.
How is the Secondary Market Fee calculated?
The Secondary Market Fee is 1% of the resale price. It's deducted when the resale transaction is executed.
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