How much does $1M/month in volume cost in fees?

On perps it ranges from about $0.00 to $500 per month across major venues at entry-tier rates; on spot from about $0.00 to $9,000. Picking the wrong venue can cost $108,000+ per year.

Do volume tiers change which exchange is cheapest?

Yes. Most exchanges cut maker/taker rates as your 30-day volume climbs, and the breakpoints differ by venue, so the cheapest exchange at one volume is often not the cheapest at another. The FeeEdge calculator applies each venue's tier table to your exact volume.

Cheapest exchange for $1M/month volume

Q: Which exchange is cheapest for $1M a month in trading volume?

At $1M/month with a 50/50 maker/taker mix on entry-tier rates, There is no single cheapest exchange. It depends on whether you trade perpetual futures or spot, your 30-day volume, and whether you use maker or taker orders. The FeeEdge calculator ranks the venues we track for your profile.. Volume tiers, funding and token discounts can change the ranking.

Trading around $1M a month? At that volume the venue you pick is a real line item: across the major exchanges the same flow costs anywhere from $0.00 to $500 per month on perps ($0.00 to $9,000 on spot), assuming a 50/50 maker/taker mix at published entry-tier rates. That gap is up to $108,000 a year for doing nothing differently except where you trade.

Perps: estimated monthly fee bill at $1M/month

#	Exchange	Maker	Taker	Est. monthly bill
1	Bitfinex	0.000%	0.000%	$0.00
2	Lighter	0.000%	0.000%	$0.00
3	MEXC	0.000%*	0.020%*	$100
4	Coinbase	0.000%	0.030%	$150
5	Aster	0.000%	0.040%	$200
6	Deribit	0.015%	0.035%	$250
7	Hyperliquid	0.015%†	0.045%†	$300
8	Crypto.com	0.020%†	0.040%†	$300
9	dYdX	0.010%	0.050%	$300
10	WhiteBIT	0.010%	0.055%	$325
11	Binance	0.020%	0.050%	$350
12	OKX	0.020%	0.050%	$350
13	Gate.io	0.020%†	0.050%†	$350
14	Kraken	0.020%	0.050%	$350
15	BingX	0.020%†	0.050%†	$350
16	Phemex	0.010%†	0.060%†	$350
17	Backpack	0.020%	0.050%	$350
18	ApeX	0.020%	0.050%	$350
19	Bybit	0.020%†	0.055%†	$375
20	Bitget	0.020%†	0.060%†	$400
21	KuCoin	0.020%	0.060%	$400
22	HTX	0.020%	0.060%	$400
23	BitMart	0.020%	0.060%	$400
24	CoinEx	0.030%	0.050%	$400
25	Bitunix	0.020%†	0.060%†	$400
26	LBank	0.020%	0.060%	$400
27	BloFin	0.020%	0.060%	$400
28	Toobit	0.020%	0.060%	$400
29	CoinW	0.020%	0.060%	$400
30	edgeX	0.040%†	0.045%†	$425
31	WEEX	0.020%	0.080%	$500
32	Deepcoin	0.040%	0.060%	$500

† Conditional VIP tiers are excluded from the volume-only estimate. Confirm your account eligibility.

† VIP counts spot volume in full and ordinary USDT perpetual volume at 0.4 times notional. GT discount is only modeled for entry spot.

† VIP uses 14-day volume, estimated from 30-day volume assuming evenly distributed activity. Hyperliquid spot volume counts twice.

* 0%/0.02% is the published UI base as of 31 Aug 2026, not a universal book. Rates vary by region and event; the 25 May BTC/ETH update is region-gated; API futures use a separate 0.06%/0.08% book.

Spot: estimated monthly fee bill at $1M/month

#	Exchange	Maker	Taker	Est. monthly bill
1	Bitfinex	0.000%	0.000%	$0.00
2	Lighter	0.000%	0.000%	$0.00
3	dYdX	0.000%	0.000%	$0.00
4	Deribit	0.000%	0.000%	$0.00
5	Toobit	0.000%	0.000%	$0.00
6	Aster	0.005%	0.040%	$225
7	MEXC	0.000%	0.050%	$250
8	Hyperliquid	0.040%†	0.070%†	$550
9	edgeX	0.040%†	0.070%†	$550
10	OKX	0.080%	0.100%	$900
11	Backpack	0.080%	0.100%	$900
12	Bitunix	0.080%†	0.100%†	$900
13	Binance	0.100%	0.100%	$1,000
14	Bybit	0.100%†	0.100%†	$1,000
15	Gate.io	0.100%†	0.100%†	$1,000
16	Bitget	0.100%†	0.100%†	$1,000
17	KuCoin	0.100%	0.100%	$1,000
18	BingX	0.100%†	0.100%†	$1,000
19	WhiteBIT	0.100%	0.100%	$1,000
20	Phemex	0.100%†	0.100%†	$1,000
21	BitMart	0.100%	0.100%	$1,000
22	LBank	0.100%	0.100%	$1,000
23	BloFin	0.100%	0.100%	$1,000
24	WEEX	0.100%	0.100%	$1,000
25	Deepcoin	0.100%	0.100%	$1,000
26	CoinW	0.100%	0.100%	$1,000
27	HTX	0.200%	0.200%	$2,000
28	CoinEx	0.200%	0.200%	$2,000
29	Crypto.com	0.250%†	0.500%†	$3,750
30	Kraken	0.400%	0.800%	$6,000
31	ApeX	0.900%*	0.900%*	$9,000
32	Coinbase	0.600%	1.200%	$9,000

† Conditional VIP tiers are excluded from the volume-only estimate. Confirm your account eligibility.

* Omni Spot Swap: 0.9% swap fee plus gas, not an orderbook maker/taker schedule. Confirm availability in the app.

† VIP counts spot volume in full and ordinary USDT perpetual volume at 0.4 times notional. GT discount is only modeled for entry spot.

† VIP uses 14-day volume, estimated from 30-day volume assuming evenly distributed activity. Hyperliquid spot volume counts twice.

Estimates use published entry-tier rates with a 50/50 maker/taker mix. Your real bill depends on your maker/taker mix, volume-tier discounts, funding (perps), and native-token discounts. The FeeEdge calculator applies all of those to your exact profile.

Why the ranking changes at your volume

Most venues cut rates as your 30-day volume climbs, and the breakpoints differ: an exchange that's mid-pack at $10k/month can be cheapest at $1M/month once its tier discounts kick in. Maker rebates and token discounts (paying fees in BNB, GT, BGB, BMX) shift it further. The table above is the honest entry-tier picture; the calculator applies each venue's full tier table to your number.

Run your exact volume across 33 exchanges →

FAQ

Which exchange is cheapest for $1M a month?

There is no single cheapest exchange. It depends on whether you trade perpetual futures or spot, your 30-day volume, and whether you use maker or taker orders. The FeeEdge calculator ranks the venues we track for your profile. Check your profile in the calculator.

How much does $1M/month cost in fees?

Roughly $0.00 to $500/month on perps and $0.00 to $9,000/month on spot, depending on venue. See the hidden costs of crypto trading for what the headline rate leaves out.