Pricing & Fees

Rails uses a straightforward and transparent pricing model, detailed below. Market makers can qualify for fee rebates by contributing to platform liquidity, provided they meet specific trading volume thresholds. Read more.

Network Costs: Onchain transactions (deposits and withdrawals) may include network fees that users pay directly to the blockchain network. Rails does not receive these fees.

Category	Rails Fee	Network Cost	Details
Platform Access	$0	N/A	There is no cost to create or hold a Rails account.
Deposits	$0	Varies based on source network	Deposits from some networks involve bridging and gas fees paid directly from your wallet. Exact fees are shown before confirming.
Withdrawals	$0	0.1% (max $1)	The cost to cover gas fees is deducted from your withdrawal amount.
Trading	Maker: 0.02% (2 bps) Taker: 0.05% (5 bps)	N/A	A fee is applied to each executed trade (open and close), depending on the execution type.
Liquidation	1.0%	N/A	In addition to trading fees, a 1% fee is charged on all liquidated positions.

Execution Type: what are "maker" vs. "taker" orders?

• Maker order: Your order adds liquidity to the order book. Maker orders “make” the market.

  • Example: you place a limit order that doesn’t fill right away.

  • These orders have a 0.02% fee applied.

• Taker order: Your order removes liquidity from the order book. This happens when your order matches instantly against an existing order. Taker orders “take” from the market.

  • Example: a market order or a limit order priced to fill immediately.

  • These orders have a 0.05% fee applied.

Maker orders have lower fees because they add liquidity to the market, helping create deeper order books and tighter spreads. By rewarding makers, everyone benefits from better prices and smoother trading.

You can check if your order is a maker or taker order via the Execution Type field in the Recent Trades tab in the Trade Summary tab.

Market Maker Program

If you are an experienced market maker with extraordinary liquidity provisioning abilities, you might qualify to participate in our Market Maker Program. Contact [email protected] for consideration, and find out about our incentives