Fees
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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.
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.
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
This fee is charged when opening and closing a position and is automatically deducted from the margin amount.
๐ For USDT pairs โ from 0.06% to 0.12%
๐ For TON/NOT pairs โ from 0.12% to 0.2%
๐ก Example: If you open a 100 USDT position with 10x leverage in a USDT pair:
100 * 10 * 0.0012 = 1.2 USDT
will be charged as a trading fee.
Funding refers to hourly payments between traders on opposite sides of the market, commonly used in perpetual futures trading.
If Market Price > Index Price, funding is positive:
๐ธ Long traders pay, and Short traders receive funding.
This means there's more long open interest on the market.
If Market Price < Index Price, funding is negative:
๐ธ Short traders pay, and Long traders receive funding.
This indicates a larger short open interest.
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.