How much does $500k/month in volume cost in fees?

On perps it ranges from about $0.00 to $250 per month across major venues at entry-tier rates; on spot from about $0.00 to $4,500. Picking the wrong venue can cost $54,000+ 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 $500k/month volume

Q: Which exchange is cheapest for $500k a month in trading volume?

At $500k/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 $500k 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 $250 per month on perps ($0.00 to $4,500 on spot), assuming a 50/50 maker/taker mix at published entry-tier rates. That gap is up to $54,000 a year for doing nothing differently except where you trade.

Perps: estimated monthly fee bill at $500k/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%*	$50.00
4	Coinbase	0.000%	0.030%	$75.00
5	Aster	0.000%	0.040%	$100
6	Deribit	0.015%	0.035%	$125
7	Hyperliquid	0.015%†	0.045%†	$150
8	Crypto.com	0.020%†	0.040%†	$150
9	dYdX	0.010%	0.050%	$150
10	WhiteBIT	0.010%	0.055%	$163
11	Binance	0.020%	0.050%	$175
12	OKX	0.020%	0.050%	$175
13	Gate.io	0.020%†	0.050%†	$175
14	Kraken	0.020%	0.050%	$175
15	BingX	0.020%†	0.050%†	$175
16	Phemex	0.010%†	0.060%†	$175
17	Backpack	0.020%	0.050%	$175
18	ApeX	0.020%	0.050%	$175
19	Bybit	0.020%†	0.055%†	$188
20	Bitget	0.020%†	0.060%†	$200
21	KuCoin	0.020%	0.060%	$200
22	HTX	0.020%	0.060%	$200
23	BitMart	0.020%	0.060%	$200
24	CoinEx	0.030%	0.050%	$200
25	Bitunix	0.020%†	0.060%†	$200
26	LBank	0.020%	0.060%	$200
27	BloFin	0.020%	0.060%	$200
28	Toobit	0.020%	0.060%	$200
29	CoinW	0.020%	0.060%	$200
30	edgeX	0.040%†	0.045%†	$213
31	WEEX	0.020%	0.080%	$250
32	Deepcoin	0.040%	0.060%	$250

† 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 $500k/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%	$113
7	MEXC	0.000%	0.050%	$125
8	Hyperliquid	0.040%†	0.070%†	$275
9	edgeX	0.040%†	0.070%†	$275
10	OKX	0.080%	0.100%	$450
11	Backpack	0.080%	0.100%	$450
12	Bitunix	0.080%†	0.100%†	$450
13	Binance	0.100%	0.100%	$500
14	Bybit	0.100%†	0.100%†	$500
15	Gate.io	0.100%†	0.100%†	$500
16	Bitget	0.100%†	0.100%†	$500
17	KuCoin	0.100%	0.100%	$500
18	BingX	0.100%†	0.100%†	$500
19	WhiteBIT	0.100%	0.100%	$500
20	Phemex	0.100%†	0.100%†	$500
21	BitMart	0.100%	0.100%	$500
22	LBank	0.100%	0.100%	$500
23	BloFin	0.100%	0.100%	$500
24	WEEX	0.100%	0.100%	$500
25	Deepcoin	0.100%	0.100%	$500
26	CoinW	0.100%	0.100%	$500
27	HTX	0.200%	0.200%	$1,000
28	CoinEx	0.200%	0.200%	$1,000
29	Crypto.com	0.250%†	0.500%†	$1,875
30	Kraken	0.400%	0.800%	$3,000
31	ApeX	0.900%*	0.900%*	$4,500
32	Coinbase	0.600%	1.200%	$4,500

† 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 $500k 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 $500k/month cost in fees?

Roughly $0.00 to $250/month on perps and $0.00 to $4,500/month on spot, depending on venue. See the hidden costs of crypto trading for what the headline rate leaves out.