Cheapest exchange for $5M/month volume
Trading around $5M 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 $2,500 per month on perps ($0.00 to $25,000 on spot), assuming a 50/50 maker/taker mix at published entry-tier rates. That gap is up to $300,000 a year for doing nothing differently except where you trade.
Perps: estimated monthly fee bill at $5M/month
| # | Exchange | Maker | Taker | Est. monthly bill |
|---|---|---|---|---|
| 1 | 0.000% | 0.000% | $0.00 | |
| 2 | 0.000% | 0.020% | $500 | |
| 3 | 0.000% | 0.030% | $750 | |
| 4 | 0.015% | 0.045% | $1,500 | |
| 5 | 0.020% | 0.040% | $1,500 | |
| 6 | 0.015% | 0.050% | $1,625 | |
| 7 | 0.010% | 0.055% | $1,625 | |
| 8 | 0.020% | 0.050% | $1,750 | |
| 9 | 0.020% | 0.050% | $1,750 | |
| 10 | 0.020% | 0.050% | $1,750 |
Spot: estimated monthly fee bill at $5M/month
| # | Exchange | Maker | Taker | Est. monthly bill |
|---|---|---|---|---|
| 1 | 0.000% | 0.000% | $0.00 | |
| 2 | 0.000% | 0.050% | $1,250 | |
| 3 | 0.050% | 0.050% | $2,500 | |
| 4 | 0.040% | 0.070% | $2,750 | |
| 5 | 0.080% | 0.100% | $4,500 | |
| 6 | 0.080% | 0.100% | $4,500 | |
| 7 | 0.100% | 0.100% | $5,000 | |
| 8 | 0.100% | 0.100% | $5,000 | |
| 9 | 0.100% | 0.100% | $5,000 | |
| 10 | 0.100% | 0.100% | $5,000 |
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, KCS, etc.) 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 20 exchanges →
FAQ
Which exchange is cheapest for $5M a month?
At entry-tier rates with a 50/50 mix, Bitfinex has the lowest estimated perps bill and Bitfinex the lowest spot bill — but tiers, funding and token discounts can flip it, so check your profile in the calculator.
How much does $5M/month cost in fees?
Roughly $0.00–$2,500/month on perps and $0.00–$25,000/month on spot, depending on venue. See the hidden costs of crypto trading for what the headline rate leaves out.
Other volume profiles
- Cheapest exchange for $10k/month volume
- Cheapest exchange for $25k/month volume
- Cheapest exchange for $50k/month volume
- Cheapest exchange for $100k/month volume
- Cheapest exchange for $250k/month volume
- Cheapest exchange for $500k/month volume
- Cheapest exchange for $1M/month volume
- Cheapest exchange for $2M/month volume
- Cheapest exchange for $10M/month volume
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