Fees
Drake employs a multi-tier fee system:
Trading Fees
Taker Fee: Charged on orders that remove liquidity (market orders, aggressive limits)
Maker Fee: Rebate (negative fee) for orders that add liquidity (passive limit orders)
AMM Fee: Applied to vault-executed portions
Spread: Additional cost on vault trades (oracle price ± spread)
Typical fee structure:
Taker: 0.05-0.10% of notional value
Maker: -0.02% to 0.00% (rebate to breakeven)
AMM spread: 0.02-0.05% depending on conditions
Funding Fees (See Funding Fees)
Periodic payments between longs and shorts based on market imbalance
Borrowing Fees (See Borrowing Fees)
Continuous interest on leveraged positions that scales with vault utilization
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