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How does Grvt’s Fee Model work?

Grvt currently uses a 9-tier model to classify users based on trading volume in USD.

To be eligible for a specific tier, an account must meet ANY of the following conditions:

  • 30-day Trading Volume (in USD) > A given threshold

  • 30-day Option Trading Volume (in USD) > A given threshold

  • Total Asset in USD > A given threshold

Note: Tiers are updated daily at 8 am UTC. A snapshot of the Total Asset Value, recent 30-day Future trading volume, and 30-day option trading volume is taken to determine tier upgrades or downgrades.

Fee Tiers (Expires after March 23, 2026, 4:00 AM UTC)

Maker

Taker

30D Trading Volume (USD)

Total Asset in USD

Level 1

-0.0001%

0.045%

$0

n.a.

Level 2

-0.0004%

0.042%

$100,000

100,000

Level 3

-0.0008%

0.039%

$500,000

200,000

Level 4

-0.001%

0.037%

$1,000,000

500,000

Level 5

-0.0015%

0.034%

$10,000,000

1,000,000

Level 6

-0.002%

0.032%

$50,000,000

2,000,000

Level 7

-0.0023%

0.029%

$100,000,000

5,000,000

Level 8

-0.0025%

0.026%

$300,000,000

10,000,000

Level 9

-0.003%

0.024%

$600,000,000

20,000,000

On March 23rd, 2026, 4:00 AM UTC, we will be releasing a new fee model
​

To be eligible for a specific tier, an account must meet the following conditions:

  • 30-day Trading Volume (in USD) > A given threshold

Note: Tiers are updated daily at 8 am UTC. 30-day futures trading volume determines tier upgrades or downgrades.

Fee Tiers (Active after March 23, 2026, 4:00 AM UTC)

Grvt

Spot Maker

Spot Taker

Perps Maker

Perps Taker

30D Trading Volume (USD)

Level 1

0.0600%

0.0850%

-0.0001%

0.0450%

$0

Level 2

0.0525%

0.0750%

-0.0004%

0.0420%

$1,000,000

Level 3

0.0450%

0.0650%

-0.0008%

0.0390%

$5,000,000

Level 4

0.0400%

0.0620%

-0.0010%

0.0370%

$10,000,000

Level 5

0.0250%

0.0470%

-0.0015%

0.0340%

$50,000,000

Level 6

0.0175%

0.0375%

-0.0020%

0.0320%

$100,000,000

Level 7

0.0050%

0.0350%

-0.0023%

0.0290%

$250,000,000

Level 8

0.0000%

0.0300%

-0.0025%

0.0260%

$500,000,000

Level 9

0.0000%

0.0250%

-0.0030%

0.0240%

$1,000,000,000

What Fees Apply To GRVT's Multi-Asset Margin Mode?

You pay normal trading and funding fees as usual. On top of that, repaying borrowed USDT by converting another asset into USDT carries a repayment fee on the amount converted. (Depositing USDT directly to clear your debt has no conversion fee.)

The fee depends on how the repayment was triggered — the more the system has to step in on your behalf, the higher the fee. It's calculated as:

Fee = the greater of 0.1% (a fixed floor) or the asset's haircut ÷ a factor

where the asset's haircut is 1 − CVR, and the factor is 8 for manual, 4 for automated, and 2 for liquidation repayments. A bigger factor means a smaller fee, which is why repaying manually is always cheapest. The 0.1% floor means the fee never drops below 0.1%, no matter how small the haircut.

For USDC (CVR = 99.5%), that works out to:

Repayment type

When it happens

Fee on the converted amount

Manual

You repay via Repay or Convert

0.1% (the floor)

Automated

You hit your borrow limit, or an undeployed loan reaches 95% LTV

0.125%

Liquidation

Your MMR reaches 100%

0.25%

Types of Fees

Definition

Calculation

Trading fees

Charges based on the tier and side (taker or maker) of the trade.

Position Size * Trade Price * Fee Percentage (Taker or Maker)

Withdrawal fees

Charged to cover the gas cost of on-chain withdrawals. These fees are flat rates and not percentage-based.

We are working to make this cheaper with alternatives soon.

Ethereum: 2 USDT
​

Arbitrum One: 1.01 USDT
​

BNB Smart Chain: 1.01 USDT
​

Solana: 1.5 USDT
​

Tron: 1.4 USDT

Note:

  • There is not a separate minimum withdrawal amount set but effectively it is equal to the withdrawal fee as all withdrawal amounts should cover the withdrawal fee in order to be processed.

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