Maker vs Taker Fees Explained

Every trade pays a fee, and the size of that fee depends on whether you're a maker or a taker. It sounds like jargon, but it directly affects how much of your profit you keep.

Makers add liquidity

A maker places a limit order that doesn't fill immediately — it rests on the order book, "making" liquidity available for others. Because exchanges want that liquidity, makers pay a lower fee (sometimes zero or even a rebate).

Takers remove liquidity

A taker places a market order (or a limit order that fills instantly), "taking" liquidity off the book. Takers pay a higher fee for the convenience of instant execution.

Why it matters

Fees are charged on your full position size, and with leverage that adds up fast. A frequent trader paying taker fees on every entry and exit can lose a meaningful slice of returns. Using limit orders where possible qualifies you for the cheaper maker rate.

Fee levels also vary a lot between exchanges — one reason it's worth comparing venues. Our calculators show price-based PnL and don't include fees, so treat results as the pre-fee picture.