Fee Structure
The Following Fees are incurred by users while trading Crypto Futures on Shark Exchange
INR Deposit Fee (Instant Bank Transfer): Free
INR Withdrawal Fee: Free
Trading Fees : This fee is applied to cover the costs associated with facilitating the buying or selling of the contracts on Shark Exchange. They are of two types:
1) Maker Fee: When you place an order on Shark Exchangethat doesn’t get executed
immediately and goes into the order book, you are considered a “maker.”
2) Taker Fee: When you place an order that gets matched with an existing order on the order book and is executed immediately, you are considered a “taker.”
Note: GST at 18% will be applicable on Maker/Taker Fee separately.
| Fee Type | Rate |
|---|---|
| Maker Fee | 0.016% |
| Taker Fee | 0.040% |
Funding Fees:
The funding fee is exchanged at every fixed interval between buyers and sellers of the contract based on the difference between the spot price and the futures contract price to balance the price difference between the spot and the future.
Depending on the token pair, the funding payments frequency can vary between 4 hours or 8 hours.
Funding Amounts are calculated using the following formula:
Funding Amount = Nominal Value of Position (of that contract) * Funding Rate (of that contract)
where, Nominal Value of Positions = Mark Price * Size of a Contract (for our INR Margined Contracts)
Traders are only liable for funding payments in either direction if they have open positions at the pre-specified funding times.You are not liable for any funding if you do not have a position. If you close your position before the funding time, you will not pay or receive any funding.
Liquidation Fees:
Liquidation on the Shark Exchange platform occurs when a trader’s leveraged position is forcefully closed by the exchange due to either a partial or complete loss of the initial margin. This happens when a trader is unable to meet the margin requirements for their leveraged position, indicating a lack of sufficient funds to maintain the trade.
On Shark Exchange we have to close your position and liquidate it if you don't maintain the margin required to maintain that position. A taker fee will be applicable when closing that position forcefully. Additionally an Insurance clearance fee will also be charged along with the taker fee.
Options Trading Fee Structure
At Shark Exchange, we offer transparent and competitive fees designed to provide maximum value for active options traders.
Trading Fees
| Fee Type | Rate |
|---|---|
| Maker Fee | 0.010% |
| Taker Fee | 0.010% |
The maximum fee is capped at 5% of the option premium.
- GST (18%) is charged separately on all trading fees.
Delivery Fee
| Description | Rate |
|---|---|
| Applicable only if an options position expires In-The-Money (ITM) | 0.015% |
The delivery fee is capped at 7% of the option premium. Daily expiry contracts do not incur any delivery fee.
Liquidation Fee
| Description | Rate |
|---|---|
| Applicable to Options Sellers only | 0.20% |
Options Buyers are never liquidated. The liquidation fee applies only when an options seller's position is forcefully closed due to insufficient margin.
Additional Notes
- All fees are automatically deducted in the settlement currency (INR)
- Shark Exchange reserves the right to adjust fee rates based on market conditions or liquidity considerations.
- Detailed fee breakdowns and any updates will be reflected in this section.