Trading Fee

Trading Fees

Drake charges up to a 0.1% fee on the notional value of each trade.

Example: A 10x leveraged position using 1000 USDC collateral creates a $10,000 position size. The fee is $10 (0.1% of $10,000), deducted from your collateral, leaving you with $990 collateral while maintaining full market exposure.

VIP Discounts

High-volume traders receive reduced fees through Drake's VIP program. Details are available in the VIP program documentation.

Fee Distribution

Without Referral

• 5% → Onchain costs (gas, oracles, AA wallets)

• 66.5% → Drake Earn Vault stakers

• 28.5% → Platform operations

With Referral

• 5% → Onchain costs (gas, oracles, AA wallets)

• 57% → Drake Earn Vault stakers

• 19% → Referral bonus

• 19% → Platform operations