Maker and taker fees
A maker order rests on the order book before it fills, usually a limit order away from the current price. A taker order fills immediately against an existing order: market orders, and limit orders priced through the book. Every exchange in the table charges takers more than makers, so the same volume costs less the more of it you fill as maker. Stop-losses and liquidations almost always fill as taker.
How fees change your liquidation price
On Binance, the opening fee is taken out of an isolated position's margin. A 0.001 BTC long at 82,709.2 USDT with 10x leverage starts with 8.2709 USDT of margin, but after the 0.05% taker fee only 8.2296 USDT stays in the position, and that moves the liquidation price about 41 USDT closer. We confirmed this against a real Binance position. The Binance liquidation calculator includes it; OKX, Gate, Bitget and KuCoin instead add a fee rate inside their liquidation formulas, which each exchange's calculator also follows.
Break-even after fees
Fees are paid on both sides of a trade, on the full position value rather than your margin. At 10x leverage a 0.05% taker fee on entry and exit costs 1% of your margin per round trip, before the price has moved at all. The PnL calculator shows the exact break-even exit price for your fees.
What the table leaves out
- VIP tiers: every exchange lowers fees for high monthly volume or large balances.
- Platform-token discounts: for example, Binance takes 10% off USDⓈ-M futures fees when you pay them in BNB held in the futures wallet. Rules differ by exchange.
- Hyperliquid fee discounts for staking HYPE.
- Funding payments, which often cost more than trading fees on positions held for days. The comparison page shows each exchange's current funding rate.