Storm Trade users pay two types of fees:
- ๐ Network Fee โ paid for executing transactions on the TON blockchain;
- โ๏ธ Storm Trade Protocol Fee โ paid for using the platform and executing trades.
๐ TON Blockchain Network Fee
The network fee consists of several components and is calculated based on various factors such as transaction size, content, network state, and execution time.
๐ก Note: It's difficult to predict the exact amount of the network fee in advance. That's why many services temporarily reserve a higher amount and refund the unused portion after the transaction is complete.
On Storm Trade, approximately ~0.25 TON is deducted when opening a position. ~0.17 TON is usually refunded back to the userโs wallet after execution.
๐ Network Fee Calculation Formula:
| Component | Description |
|---|---|
storage_fees | Fee for storing the smart contract in the blockchain when sending/receiving |
in_fwd_fees | Fee for delivering inbound external messages |
computation_fees | Fee for executing code in the TON Virtual Machine (TVM) |
action_fees | Fee for executing smart contract actions |
out_fwd_fees | Fee for sending outbound internal messages |
โ๏ธ Storm Trade Protocol Fee
This fee is charged when opening and closing a position and is automatically deducted from the margin amount.
๐ Fee rates depend on the trading pair:
- ๐ฐ For USDT pairs โ from 0.06% to 0.12%
- ๐ For TON/NOT pairs โ from 0.12% to 0.2%
- ๐ต For Currency pairs โ 0.06%
- ๐ช For Gold โ 0.08%
๐ก Example:
If you open a 100 USDT position with 10x leverage in a USDT pair:
100 * 10 * 0.0012 = 1.2 USDTwill be charged as a trading fee.
๐ Funding
Funding refers to hourly payments between traders on opposite sides of the market, commonly used in perpetual futures trading.
๐ How funding works:
-
If the majority opens long positions and funding turns positive:
- ๐ธ Long traders pay, short traders receive.
-
If the market is dominated by short positions and funding turns negative:
- ๐ธ Short traders pay, long traders receive.
๐ Funding helps maintain the balance between supply and demand in perpetual futures markets.
๐ By understanding the fee structure, you can better manage your trades and reduce unnecessary costs on Storm Trade.