There are two types of fees on leveraged tokens: Make fees and Take fees. There is a 0.10% creation and redemption fee; note you only pay this if you create/redeem, not if you buy in a spot market or convert. There is also a 0.03%/day management fee on leveraged tokens. This is just taken out of the net asset value of the leveraged tokens; you won't see an actual token balance decrease or USD charge in your account.
FTX has a tiered fee structure, as follows:
*BLP: Backstop Liquidity Provider program. See here for more information.
Discount for FTT holders
In addition, there are fee discounts for holders of FTT. The current discounts, based on your FTT holdings:
- None of this is investment advice.
- Much of the below analysis ignores any difference between futures and spot prices, and ignores the effects of fees.
- Leveraged tokens greatly reduce the risk of liquidation but cannot make it fully impossible; if markets instantaneously gap down 50%, there is nothing that can stop a +3x leveraged position from getting liquidated.
- Leveraged tokens, like the rest of FTX, are not being offered to US users.
FTX Telegram Communities
English - https://t.me/FTX_Official
Chinese - https://t.me/FTX_Chinese_Official
WeChat - FTX_Official
Facebook - https://www.facebook.com/ftx.official/
SBF Twitter - https://twitter.com/SBF_Alameda
YouTube - https://www.youtube.com/channel/UC3r0upC_xJ9SvtaCKNUtosA