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API Fee Schedule
Last updated: June 30, 2022
Orders placed via our API (each, an “Order”) are subject to the rates on this schedule.
Gemini utilizes a maker-taker fee model for determining trading fees for all Orders. Liquidity-making Orders are charged different fees than liquidity-taking Orders. If you place an Order that is filled immediately, this Order takes liquidity from the marketplace and, therefore, you are considered a taker and will be charged a taker fee. If you place an Order that is not filled immediately, but instead rests on the order book, your Order adds liquidity to the marketplace and, therefore, you are considered a maker and will be charged a maker fee.
Your Order could be subject to both maker and taker fees. If you place an Order that is partially filled immediately, you will be charged a taker fee on the filled portion. The remainder of your Order will rest on the Order book and will be charged a maker fee when it is filled.
API Fee Schedule
Your fee rate for every trading pair is determined by your gross trading volume in notional USD across all of Gemini’s continuous order books over a 30-calendar-day trailing window. Your fee rate will be recalculated every day at midnight UTC (7pm EST / 8pm EDT) and applied to all Orders going forward from that time.
The following rates only apply to your Orders placed via API. For information on rates for orders placed via other applications and interfaces, please see the Marketplace Fee Schedules section of our User Agreement.
|30-DAY TRADING VOLUME IN (USD NOTIONAL)¹||TAKER FEE||MAKER FEE|
Gemini Stablecoin Fee Schedule
Maker and taker fees are fixed for the following stablecoin pairs at all levels:
|Taker Fee||Maker Fee|
We calculate fees as a fraction of the notional value of each trade (i.e., price × amount). Depending on the Order type, fees will be either deducted from the gross proceeds of a trade or charged to the account at the time a trade is executed. Any fees will be applied at the time an Order is placed. For partially filled Orders, only the executed portion is subject to trading fees.
Fees are charged in quote currency, or the second currency in the pair. Example: The transaction fee for BTC/USD will be charged in USD. Additionally, the transaction fee for ETH/BTC will be charged in BTC.
Fee Discount Examples
Miguel trades $133 million in BTC over 4 Calendar days during a 30 calendar day window at various times on Gemini Continuous Order Books. His fees are paid as follows:
|Event||Action||Side||Taker Fee||Maker Fee||Fee Paid||30-Day Total|
Day 1 @ 4PM
Limit Buy 1 BTC @ $45,000
Day 1 @ 7PM
Day 2 @ 4PM
Limit Buy 10 BTC @$47,000
Day 2 @ 7PM
Day 3 @ 5PM
Limit Sell 100 BTC @ $52,000
Day 3 @ 7PM
Day 4 @ 3PM
Limit Sell 2,500 BTC @ $51,000
Day 4 @ 7PM
Fee Calculation Examples
Sell Orders – Fees for limit and market sell Orders are deducted from the proceeds of the resulting trade.
Example: Evelyn enters a limit sell Order of 10 BTC with a limit price of $100 that fills as a maker at an average price of $101 per BTC. She also enters a market sell Order of 10 BTC that fills as a taker at an average price of $100 per BTC. Her fees paid are as follows:
|ACTION||ORDER TYPE||AMOUNT||FILL PRICE||FEE||FEE PAID||GROSS SALE PROCEEDS||NET SALE PROCEEDS|
Buy Orders – Fees for limit buy Orders are added to the purchase price as the Order fills; fees for market buy Orders are deducted from the purchase price of the resulting trade.
Example: Reema enters a limit buy Order for $1,000 of BTC with a limit price of $101 that fills as a maker at an average price of $100 per BTC. She also enters a market buy Order for $1,000 of BTC that fills as a taker at an average price of $100 per BTC. Her fees paid are as follows:
Gross Purchase Price
Net Purchase Price
Total BTC Purchase
Notice of Changes
Any change to our API Fee Schedule, including adjustments to any tiers or rates, will be emailed and/or posted no fewer than three calendar days before such changes are to take effect and no changes will be in effect for fewer than 30-calendar-days, subject to any shorter period of time that may be required by applicable law or regulation.
Any Order placed after the effective date indicated in any such notice will be subject to the new API Fee Schedule and you will be deemed to have agreed to the new API Fee Schedule by continuing to use our API.
For more information on how Orders are handled, please see the Order Placement section of our User Agreement.
¹In an effort to foster fair and orderly markets on our Exchange, we may, from time to time, offer fee discounts, rebates, and/or other incentives to certain Gemini Customers, which may include affiliates, who we believe in our sole discretion will provide liquidity to our Marketplace and/or meet liquidity requirements for certain trading pairs on our Exchange. ²Displayed as $1006.46