How much does $2M/month in volume cost in fees?

On perps it ranges from about $0.00 to $1,000 per month across major venues at entry-tier rates; on spot from about $0.00 to $18,000. Picking the wrong venue can cost $216,000+ 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 $2M/month volume

Q: Which exchange is cheapest for $2M a month in trading volume?

At $2M/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 $2M 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 $1,000 per month on perps ($0.00 to $18,000 on spot), assuming a 50/50 maker/taker mix at published entry-tier rates. That gap is up to $216,000 a year for doing nothing differently except where you trade.

Perps: estimated monthly fee bill at $2M/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%*	$200
4	Coinbase	0.000%	0.030%	$300
5	Aster	0.000%	0.040%	$400
6	Deribit	0.015%	0.035%	$500
7	Hyperliquid	0.015%†	0.045%†	$600
8	Crypto.com	0.020%†	0.040%†	$600
9	dYdX	0.010%	0.050%	$600
10	WhiteBIT	0.010%	0.055%	$650
11	Binance	0.020%	0.050%	$700
12	OKX	0.020%	0.050%	$700
13	Gate.io	0.020%†	0.050%†	$700
14	Kraken	0.020%	0.050%	$700
15	BingX	0.020%†	0.050%†	$700
16	Phemex	0.010%†	0.060%†	$700
17	Backpack	0.020%	0.050%	$700
18	ApeX	0.020%	0.050%	$700
19	Bybit	0.020%†	0.055%†	$750
20	Bitget	0.020%†	0.060%†	$800
21	KuCoin	0.020%	0.060%	$800
22	HTX	0.020%	0.060%	$800
23	BitMart	0.020%	0.060%	$800
24	CoinEx	0.030%	0.050%	$800
25	Bitunix	0.020%†	0.060%†	$800
26	LBank	0.020%	0.060%	$800
27	BloFin	0.020%	0.060%	$800
28	Toobit	0.020%	0.060%	$800
29	CoinW	0.020%	0.060%	$800
30	edgeX	0.040%†	0.045%†	$850
31	WEEX	0.020%	0.080%	$1,000
32	Deepcoin	0.040%	0.060%	$1,000

† 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 $2M/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%	$450
7	MEXC	0.000%	0.050%	$500
8	Hyperliquid	0.040%†	0.070%†	$1,100
9	edgeX	0.040%†	0.070%†	$1,100
10	OKX	0.080%	0.100%	$1,800
11	Backpack	0.080%	0.100%	$1,800
12	Bitunix	0.080%†	0.100%†	$1,800
13	Binance	0.100%	0.100%	$2,000
14	Bybit	0.100%†	0.100%†	$2,000
15	Gate.io	0.100%†	0.100%†	$2,000
16	Bitget	0.100%†	0.100%†	$2,000
17	KuCoin	0.100%	0.100%	$2,000
18	BingX	0.100%†	0.100%†	$2,000
19	WhiteBIT	0.100%	0.100%	$2,000
20	Phemex	0.100%†	0.100%†	$2,000
21	BitMart	0.100%	0.100%	$2,000
22	LBank	0.100%	0.100%	$2,000
23	BloFin	0.100%	0.100%	$2,000
24	WEEX	0.100%	0.100%	$2,000
25	Deepcoin	0.100%	0.100%	$2,000
26	CoinW	0.100%	0.100%	$2,000
27	HTX	0.200%	0.200%	$4,000
28	CoinEx	0.200%	0.200%	$4,000
29	Crypto.com	0.250%†	0.500%†	$7,500
30	Kraken	0.400%	0.800%	$12,000
31	ApeX	0.900%*	0.900%*	$18,000
32	Coinbase	0.600%	1.200%	$18,000

† 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 $2M 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 $2M/month cost in fees?

Roughly $0.00 to $1,000/month on perps and $0.00 to $18,000/month on spot, depending on venue. See the hidden costs of crypto trading for what the headline rate leaves out.