Fee Summary

  • Takers pay gas + 5 bps
  • Makers pay half as much as takers
  • Discounted fees for OCEAN token holders
  • Pay in ZRX or the native token

How Fees Work

Transaction fees are a fraction of the notional value of each trade (price of token x amount of tokens traded). We use units of basis points (“bps”) which represent 1/100th of a percent of notional value. For example, a fee of 5bps means we charge 0.05% of the value of the trade.

Gas fees are paid to Ethereum miners to confirm and settle your trade. On The Ocean, we set a fixed fee per trade to cover gas based on the state of the Ethereum blockchain.

A discount on total fees—the transaction fee plus the gas fee—is provided to makers and OCEAN token holders. Fees can be paid in either ZRX (the 0x protocol token) or the native token.

Fees Example

Maker
Taker

Amount Traded

1 ETH
1 ETH

Fill Price

$500.00
$500.00

Gas Fee

Transaction Fee

$.75

0.05%

$.75

0.05%

Maker Discount

Max OCEAN Token Discount

50%

50%

0%

50%

Total Fees

$0.25

$0.50

Ocean Token Discounts

If you hold OCEAN tokens in your Ethereum address, you will automatically pay lower fees on our platform. The more tokens you hold, the greater the discount.

For more details on how the OCEAN token works, please read our accompanying blog post.

Discount Schedule

OCEAN Token Balance
Fee Discount
100
10%
250
20%
500
30%
1000
40%
2000
50%

Dedicated Market Makers

Dedicated market makers receive extra incentives (starting with zero trading fees) to trade on our platform, so long as they meet certain volume and performance requirements. If you’d like to be considered for this program, please send us a message at maker@theocean.trade.