Maker and taker fees

Many exchanges charge two fee rates: a maker fee for orders that are added to the order book and wait, and a taker fee for orders that fill an existing order right away.

What it means

Takers usually pay a slightly higher rate than makers; with example rates of 0.1% and 0.2%, a €1,000 trade costs €1 as maker and €2 as taker.

What to watch

The fee table of the exchange you use, and whether a lower maker fee is worth the chance that a waiting order fills late or not at all.

How Compass-Alpha uses it

Background only; not used in any figure on Compass-Alpha.