Fees

Options Fees

Due to sometimes large disparities between notional value and premium value, options fees have an upper limit based on the traded amount, such that the fee is capped at a percentage of the trade value. This percentage is 12.5% of the premium.

Maker Fee

Market making orders are subject to a 0.02% fee on the notional value of the contract. This is capped at 12.5% of the premium.

Taker Fee

Orders that take liquidity from the market are subject to a 0.075% fee on the notional value of the contract. This is capped at 12.5% of the premium.

Liquidation

Positions that get automatically liquidated are subject to a 0.5% fee on the notional value of the contract. This is capped at 12.5% of the premium.

Settlement

Upon delivery, contracts that get settled are subject to an additional 0.015% fee on the settled value.

External Fees

Pendle Swap Fees

Pendle collects a percentage-based swap fee, scaled with maturity, from all PT swaps. Pendle taxes the yield-receivables of PT when swaps occur. This creates a fair fee for all pools and maturities as it is scaled to a pool’s maturity (less time to maturity -> less yield-receivables -> lower fees in $ terms). Check the detail from here.