ABOUT
PRODUCTS
COMMUNITY
DEVELOPERS
TradeOmni
TradePro
hot
hot

APEX BLOG

Stay at the forefront of decentralization
with regular ApeX Pro news, deals and research.

    Filters
    AllAnnouncements

    Enhancing Your Trading Experience on ApeX Omni: Fee Structure Updates

    Jul 18, 2024

    3 min read

    ApeX Omni

    L1/L2

    banner

    ApeXers, based on your valuable feedback, we’ve made important updates to the ApeX Omni fee structure. These changes aim to improve liquidity and create a more balanced trading environment for all users. The modifications, addressing the existing challenges, are now live as of July 19, 2024, 4AM UTC, and will remain in effect until September 15, 2024, 4AM UTC.

    Let's explore all the details.

    Modifications to Fee Structure

    Trading Fees on ApeX Omni are 5 bps for taker and 2 bps for maker orders. However, to celebrate the launch, for a limited time only, we've been offering special, discounted rates.

    The most recent update to the launch-special fee structures will depend on a trader's activities and generated volume on ApeX Omni. The fees will update daily based on the trading volume generated within the past 30-day window, ensuring that the fee rates accurately reflect recent trading activities.

    • Accounts with a taker order trading volume of 500,000 USDT or less in the past 30 days will pay 2.5 bps taker fees and 0 maker fees, providing traders with a reduction of over 64.29% on trading fees.

    • Accounts with a taker order trading volume of more than 500,000 USDT in the past 30 days will pay 5 bps taker fees and 0 maker fees, providing traders with a reduction of over 28.57% on trading fees.

    Please note that after September 15, 2024, the fees will return to our standard rates of 5 bps for taker orders and 2 bps for maker orders.

    Rationale Behind the Update

    ApeX employs a maker-taker fee model on Omni DEX. Maker orders add depth and liquidity to the order book as they are not immediately filled, whereas taker orders execute immediately, removing liquidity from the order book. Should you need a refresher, head to our Gitbook page for more details.

    Up until now, we have seen a dominance of high-frequency traders on the platform, which has reduced liquidity and widened spreads. The adjustments to the fee structure seek to restore balance, thereby fostering a more stable and attractive trading environment for all users. By implementing this new approach, we aim to increase liquidity, ensure tighter spreads, and create a more balanced and fair trading environment, ultimately improving the overall trading experience on Omni.

    Stay tuned to our official social media channels and ApeX Blog for further updates and details as we continue to refine your experience on ApeX Omni.

    1