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Fee Structure
The following fee structure only applies to trading against the MUX native pool (MUXLP pool). If a trader's position routes to a third-party underlying leveraged trading protocol through the MUX aggregator, the fee structure will adapt accordingly. Please check the Aggregator section and related underlying protocol docs for more details.
The MUX protocol charges position fees when traders open and close positions. The position fee is fixed at 0.06% and calculated as follows:
- Open Fee: 0.06% × Asset Price × Position Size
- Close Fee: 0.06% × Asset Price × Position Size
The collected position fees are allocated between external MUXLP stakers, veMUX holders and POL. Please check Protocol Income Allocation for more details.
After traders borrow pooled assets for positions, the MUX protocol charges funding payments, which can be seen as borrowing fees from positions. The funding payment is collected every 1 hour. Long and short positions funding are calculated separately on MUX.
fundingFeeRate = max{utilization × limitRate, baseRate}
baseRate (Annualized)
- Long - ETH: 8%
- Long - BTC: 8%
- Long - ARB: 8%
- Long - BNB: 8%
- Long - AVAX: 8%
- Long - FTM: 8%
- Short: 8%
limitRate (Annualized)
- Long - ETH: 40%
- Long - BTC: 40%
- Long - ARB: 40%
- Long - BNB: 40%
- Long - AVAX: 40%
- Long - FTM: 40%
- Short: 50%
Utilization calculation examples:
- ETH utilization = global long ETH position / ETH in pool
- Short utilization = global short position / Stablecoins in pool
The collected funding fees are allocated between external MUXLP stakers, veMUX holders and POL, the same as the collected position fee allocated. The baseRate and limitRate might change in the future as the MUX dev contributors makes continuous evaluations.
The maintenance margin (MM) on the MUX protocol is 0.5%, and the liquidation fee is 0.06%. Therefore, 0.06% (if it exists) margin will be collected as the fee when a position is liquidated. The remaining margin after liquidation will return to traders.
The liquidation fee will be shared between external MUXLP stakers, veMUX holders and POL, the same as the collected position fee allocated.
MUX offers 0% spreads under the ETH and BTC market. The spreads under BNB, AVAX and FTM markets are fixed.
- ETH: 0%
- BTC: 0%
- ARB: 0.075%
- BNB: 0.12%
- FTM: 0.12%
- AVAX: 0.15%
Last modified 3mo ago