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  • BASICS
    • What is Contango?
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      • Detailed tx analysis
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On this page
  • Trading fees
  • Automation fees
  • Flash loan fees
  • Liquidation penalties
  1. BASICS
  2. Key features

Fees

Trading fees

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.

Discounts are applied depending on the XP tier of each user.

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.

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.

Transfers: moving the NFT that represents a position to a different address is also free.

Special cases: positions opened before the TANGO launch will not be charged any closing fees.

Automation fees

Beside the above fees, traders pay a reward to cover gas costs for keepers that handle TP/SL orders.

Flash loan 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.

Liquidation penalties

A liquidation penalty is a fee paid on the price of the collateral when liquidators purchase it as part of the liquidation process. On Contango, the latter is always carried out by the underlying money market.

Liquidations on money markets have very harsh conditions. Monitor your position frequently and avoid liquidation at all costs.

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Last updated 23 days ago