Fees
Last updated
Last updated
Using Contango directly via its smart contracts is free. Trading through the app incurs the following fees:
Correlated pairs: 0.05% (5 bps) on any change of position size. This applies to TP/SL too.
Non-correlated pairs, 0.25% (25 bps) on any change of position size. This applies to TP/SL too.
Correlated refers to those instruments where the base and quote asset are a flavor of the same currency, e.g. stable pairs like DAI/USDC, ETH derivative pairs like wstETH/ETH or PTeBTC/eBTC, etc.
Non-correlated refers to those instruments where the base and quote asset are not correlated, and are normally used for directional trading, e.g. ETH/USDC or ETH/BTC.
Service fees, as well as any other type of fee, are always displayed upfront in the UI:
Migrations: Currently, Contango doesn't charge fees for migrating a position to a different market. Migrating a position entails closing an existing position and opening a new one on a different market via flash loan; no swaps are needed for migrations. So, depending on the instrument you're trading, you might pay a flash loan fee if this is not provided for free (see section below), but you won't face any swap fees.
Contango sources flash loans from different venues, some are free (e.g. Balancer, Morpho, Aave) and some aren't. Depending on the instrument you're trading, you might pay a flash loan fee. Flash loan fees are always surfaced in the opening ticket, before you place a trade.
Liquidations on money markets have very harsh conditions. Monitor your position frequently and avoid liquidation at all costs.
Discounts to fees are applied depending on the of each user.
Transfers: that represents a position to a different address is also free.
Special cases: positions opened before the launch will not be charged any closing fees.
Beside the above fees, traders pay a reward to cover gas costs for keepers that handle .
On Contango, liquidations are carried out at the level of the underlying money market. A liquidation penalty is a fee paid on the price of the collateral when liquidators purchase it as part of the process on the lending market. in other words, Contango is not responsible for liquidations nor it collects liquidation fees.
