Fees

  1. Trading Fee: 0.5% charged during both the opening and closing of positions.

  2. Borrow Rates: The interest rate is a function of the LP pool utilization rate and a max APR, which Wasabi determines based on volatility. Borrow interest is charged hourly.

  3. Funding Rates: Despite the absence of an oracle reliance, positions might accrue positive or negative funding fees. This allows Wasabi LPs to reallocate risk to traders. The fee direction is contingent on the long-short balance:

    • Excess longs pay shorts.

    • Excess shorts pay longs.

  4. Liquidation Penalty: 10% of the residual value post liquidation will be charged as a liquidation penalty to the trader.

PreviousFunding Rate

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