💳Trading Fees

Much like every single Centralised or Decentralised Exchange (CEX or DEX), Pear Protocol charges a fee when users trade on the platform. The fees are paid per transaction will have some fixed elements (open position fee) and some variable elements (funding rate, gas etc).

In this section we’ll break down some of the main fee’s that a user will incur.

Please note, Pear Protocol is a fully decentralised trading dApp, and as such over time intends to pass back as much of the fee generation as possible to either the Pear DAO or to tokenholders.

Open Fee

When a user enters a pair trade, Pear will charge 0.06% on the position size as an trade open fee. This covers both the long leg and the short leg.

Close Fee

When a user closes a pair trade, Pear will charge 0.06% on the position size as a close trade fee. Again, this covers both the long and the short leg, and is necessary to offset the costs that the protocol incurs.

Execution Costs

Pear sources its liquidity from Hyperliquid, SYMM, Vertex and GMX. The onward execution costs of these platforms are borne by the user in addition to the platform fees they pay to Pear. Those fees are constantly evolving and as such we encourage the reader to read the documentation on Hyperliquid and the other engines respectively.

For reference, Pear is a taker (not a maker), since all trades are currently opened as market orders and not limit orders.

However, we do represent the net exposure of every trade after these fees on the Pear front end. The values seen there include all the costs incurred to open the trade, but please do be mindful of the variable costs including the funding rate and borrowing costs as these can eat into the return.

Many users significantly reduce the fee they pay by using a combination of referral, stPEAR based discounts and Volume based rebates. More details on those are in the next 3 sections.

The effective cost can go down as low to 0.022% (a 63% reduction)