Fee Overview: Trading Fees, Funding Rates & Risk Monitoring

Introduction

Fees sound boring until you realize they're one of the few things in trading you can control with certainty. The market decides whether you win or lose; fees decide how much of every win you keep, and how quickly losing trades drain capital. For an active trader, the difference between a competitive fee schedule and an expensive one can be the difference between a profitable year and a flat one.

This guide walks through everything that costs you money on this platform: the trading fees you pay on every entry and exit, the funding rates that quietly debit or credit your account on perpetual positions, and the risk monitoring infrastructure that protects both you and the platform — and how it interacts with your costs. By the end, you'll know exactly where every basis point goes.

1. Trading Fees: What You Pay Per Trade

A trading fee is charged when you open a position and again when you close it. The fee is calculated as a percentage of the notional value of the trade — not of the margin you put up.

On this platform, the standard fee rates are:

Perpetuals — Non-crypto assets

Asset class	Example pairs	Total fee (per trade)	Open	Close
Gold	XAUUSD	0.030%	0.015%	0.015%
Silver	XAGUSD	0.100%	0.050%	0.050%
Forex	EURUSD etc.	0.020%	0.010%	0.010%
Indices	US500 / NAS100 etc.	0.050%	0.025%	0.025%
Energy	USOIL	0.100%	0.050%	0.050%
US Equities	TSLA etc.	0.100%	0.050%	0.050%

Perpetuals — Crypto assets (tiered by 14-day weighted volume)

Tier	14-day weighted volume (USD)	Total fee (per trade)	Open	Close
Default	0	0.030%	0.015%	0.015%
1	> 5,000,000	0.026%	0.013%	0.013%
2	> 25,000,000	0.0215%	0.01075%	0.01075%
3	> 100,000,000	0.017%	0.0085%	0.0085%
4	> 500,000,000	0.014%	0.007%	0.007%
5	> 2,000,000,000	0.013%	0.0065%	0.0065%
6	> 7,000,000,000	0.012%	0.006%	0.006%

Spot — Crypto assets (flat 0.05% for all pairs)

Instrument	Fee
BTC/USDC	0.05%
ETH/USDC	0.05%
SOL/USDC	0.05%
HYPE/USDC	0.05%
FARTCOIN/USDC	0.05%
ENA/USDC	0.05%
PURR/USDC	0.05%
MON/USDC	0.05%
PUMP/USDC	0.05%

These rates are deliberately set near the low end of the industry — for context, many global brokers charge several times more on the same asset classes. The reason different markets have different rates is straightforward: different products have different liquidity profiles, settlement costs, and counterparty risk, and the fee structure reflects that.

A worked example

Say you open a $10,000 spot position. The opening fee is:

$10,000 × 0.05% = $5

When you close the position, you pay another $5. Total round-trip cost: $10, regardless of whether the trade was profitable.

For the same $10,000 notional in gold, the round-trip cost is $3 × 2 = $6. For forex, it's $2 × 2 = $4. Across hundreds of trades, those gaps compound meaningfully.

MC Markets charges a single flat fee per asset class regardless of order type. Market orders and limit orders carry the same fee — there is no maker/taker distinction.

2. Funding Rates: The Cost Most Beginners Miss

For perpetual contracts, there's a second cost that doesn't appear on a fee schedule but shows up in your account every few hours: the funding rate.

Perpetuals don't have an expiry date, so the platform uses a funding mechanism to keep the contract price anchored to the underlying spot price. Every hour, on the hour, longs and shorts exchange a small payment based on the current funding rate.

• When the funding rate is positive, longs pay shorts.
• When the funding rate is negative, shorts pay longs.

The exchange itself doesn't take this fee — it flows directly between traders. But it absolutely affects what your trade costs you.

Why it matters

Funding rates are usually small per interval — often 0.01% to 0.05% — but they accumulate. A position held for several days during a period of consistently positive funding can eat 1–2% of its notional value in funding payments alone. On a leveraged trade, that's a meaningful drag on returns.

Practical rule: before holding a perpetual overnight or longer, check the current funding rate and the recent history. If you're long during persistently positive funding, you're paying an ongoing carry cost; the trade needs price to move in your favor by more than the cumulative funding to break even.

3. Risk Monitoring: Costs That Aren't Charged But Still Affect You

Beyond the explicit fees, the platform runs a continuous risk monitoring layer that protects the trading environment. It doesn't appear as a line item, but it shapes what you can do and how trades execute.

What's being monitored

• Position-level margin ratios — every open position is checked against its maintenance margin requirement in real time. As your margin ratio approaches the threshold, alerts are sent (the 100% Margin Call alert is the most important — triggered when margin ratio falls below 100%; see the Margin & Liquidation guide).
• Position size and leverage tier — large positions automatically face stricter leverage caps and higher maintenance requirements, to prevent any one trader's blow-up from cascading through the order book.
• Abnormal trading patterns — wash trading, self-matching, and manipulative order placement are flagged and, if confirmed, restricted. This protects honest traders from artificial price movement.
• System-level circuit breakers — in extreme volatility, position limits or temporary trading restrictions may apply. These protect the overall solvency of the platform's insurance fund and prevent disorderly liquidation cascades.

How it affects your cost

Risk monitoring affects you indirectly in three ways:

1. Slippage on liquidations. A robust monitoring layer means liquidations are managed in an orderly way, which keeps slippage lower than on platforms with weaker controls.
2. Insurance fund health. A well-managed insurance fund covers losses that exceed a liquidated trader's margin, so other users aren't exposed to socialized losses (Auto-Deleveraging events become rarer).
3. Market integrity. Anti-manipulation monitoring keeps spreads tight and price discovery honest — which lowers your implicit cost (slippage and adverse selection) on every trade you make.

You don't pay for risk monitoring as a fee, but you'd feel its absence immediately in higher slippage, wider spreads, and unfair fills.

4. Other Costs Worth Knowing About

Beyond trading fees and funding, a few smaller costs to be aware of:

• Deposit fees — most crypto deposits are free, but the underlying network may charge a gas fee.
• Withdrawal fees — typically a flat fee per asset that covers the on-chain transaction cost. Always check before initiating a large number of small withdrawals; batching is usually cheaper.
• Slippage — not a "fee" the platform collects, but the difference between your expected price and your fill price on market orders. In thin markets this can dwarf the trading fee. (See the Order Types guide for slippage control settings.)
• Conversion fees — if you trade in one currency and your collateral is in another, automatic conversion may apply a small spread.

For most traders, trading fees and funding rates are by far the largest cost components. The others matter at the margin.

5. How to Lower What You Actually Pay

Five practical levers, in roughly the order of impact:

1. Use limit orders where possible. Limit orders avoid spread-crossing slippage and can save meaningful cost on larger trades.
2. Mind your funding exposure. Don't hold perpetuals through unfavorable funding rate cycles unless your edge clearly exceeds the carry cost.
3. Don't over-trade. Every entry and exit pays a round-trip fee. A strategy that needs constant repositioning to make money usually doesn't, after fees.
4. Right-size your withdrawals. Withdraw less frequently and in larger batches.
5. Use slippage control on market orders. Default tolerances of 8% (spot) and 10% (derivatives) keep you protected, but tightening them in calm markets can save real money on large orders.

Fees won't make a bad trade good, but they will make a good trade worse if ignored. Treating fee management as part of your strategy — not as an afterthought — is one of the few free improvements available to every trader.

Funding rates are a key mechanism for keeping long and short positions balanced. They are settled once every hour, on the hour. The system computes and updates the Funding Rate every minute, displayed live in the trading interface.

Swap Fees: Each user receives a daily fee-free quota of 2,000 USDC. Any amount beyond this quota will be charged at the standard fee rate. The quota resets daily at UTC 00:00.

Inter-account transfers: Transfers between Spot, Perps, Vault, and Earn accounts are free of charge and completed instantly.

6. Quick Recap

The four ideas worth keeping:

• Trading fees on this platform: Spot 0.05%, Crypto Perps 0.030%, Gold 0.030%, Silver 0.100%, Forex 0.020%, Indices 0.050%, Energy 0.100%, US Equities 0.100% — charged on each side of the trade, on the notional value (not your margin).
• Funding rates are settled every hour, on the hour, on perpetuals, between longs and shorts. They're not "fees" the platform takes, but they absolutely affect your returns on held positions.
• Risk monitoring isn't a line-item cost, but it determines slippage on liquidations, the integrity of price discovery, and the health of the insurance fund — all of which affect what trades really cost you.
• Slippage control and disciplined trade frequency are the three biggest levers you have to reduce your real cost over time.

Risk Disclosure

The fee rates, funding mechanics, and risk monitoring procedures described in this guide reflect the platform's standard policies and may be updated from time to time; always check the official fee schedule before trading. Trading involves substantial risk and can result in losses exceeding your initial deposit. Past performance does not guarantee future results. Trade only with capital you can afford to lose.