Fees on PAX
PAX charges a small taker fee on filled orders — up to 0.20% of your trade size, lower after discounts. Makers earn a rebate. On Fast Markets the fee is already included in the price you see. Every fee is recorded on an immutable ledger and independently verifiable at /verify.
Base rates
Two market types. On Markets you pay a small taker fee as a percentage of your trade size, and makers earn a rebate. On Fast Markets the fee is already built into the price you see — nothing extra is charged.
Discounts stack
Three programs can apply together — your VIP tier, your PAX Holder tier, and a 5% Referral rebate credited to your platform balance after each fill. When they stack, your effective discount is always shown live in your order preview before you confirm.
Fee calculator
Live quote from the same endpoint the trading UI hits before every order. Signed-in users see their tier discounts applied.
Transparency
Every fee you pay is recorded as its own entry on an immutable ledger, stamped with the fee schedule version that was live when your order filled. You can look up any trade and independently verify the fee that was charged at /verify, and download a receipt for any trade in the last 30 days at your fee history.
The fee shown in your order preview is the fee you pay — quoted live from the same system that charges it at match time. Nothing is added after the fact.
Fee schedule versioning
The Operator may update the fee schedule at any time on a prospective basis (see Terms §8). Every trade is stamped with the disclosure version live at fill time, and trades placed under an earlier version stay governed by that version for all downstream accounting. Material schedule changes are announced on this page and, where practicable, via email and an on-site banner.
Historical versions
Every version ever active. Trades placed under an earlier schedule are still governed by it — download the plain-text reference to see the exact rates that applied at that time.