Veranta Fees (2026): Skew Maker/Taker, Zero-Fee RWAs
Verified against Veranta's fee, net-rate, Upside Perps, staking and vault pages on 2026-09-29.
Veranta has "two fee models. Standard markets charge a small commission plus a holding cost. Upside Perps drop the commission and take a share of profit instead, only when you win." Both are charged on notional, "collateral times leverage": the docs' example is 100 USDC at 20x, a 2,000 USDC position, and says "a 0.045% commission on it is 1 USDC". The exact figure is 0.9 USDC; the docs round it up.
Commission: maker and taker by skew
There is no order book, so the labels follow open interest, not order type. "Join the lighter side and you are a maker. You pay the lower rate (0.001% open & close)"; "add to the heavier side and you are a taker. You pay the higher rate (0.045% open & close)." A trade that pushes the market past balance pays a blend. Closing follows the same rule: a close that restores balance is cheaper. These are the crypto-major rates; the fee-schedule page also names a spread "based on notional volume and the asset liquidity across exchanges".
One inconsistency: the summary table on the same fee-schedule page reads "4.5 bps - Maker" and "1 bps - Taker", the reverse of its own bullet list and of the maker-and-taker page. This page follows the two pages that agree.
Zero commission on real-world assets
Forex, commodities, indices and equities "trade with zero maker and taker fees while these markets are in growth mode. Spread and funding still apply." The docs give no end date: "We expect growth mode to last until we hit certain RWA OI milestones", which are not published.
Holding cost: the net rate
"Net rate combines borrow fees and funding." Funding "is exchanged directly with other traders, set by OI imbalance and prevailing market funding", and the heavier side pays the lighter one, so it can be income. Borrow "compensates LPs for their cost of capital". Crypto funding tracks venues such as Hyperliquid and Binance; RWA holding costs track venues such as LMAX and IBKR, and the docs say FX holding costs "can run below 3% a year". Accrued costs settle whenever you touch the position and count against its health, so "a position held a long time liquidates a little earlier than price alone would suggest."
Upside Perps: profit share instead of commission
No fee to open or close, no borrow fee, funding still applies. On a losing close "you pay $0 in platform fees"; on a winning close the protocol keeps a share and "you keep 75% at minimum", rising "up to 95% at the maximum take-profit". The share is keyed to ROI: the docs' example is a +2% move at 250x, 500% ROI, where you keep 80%, against 100% ROI at 50x, where you keep 75%. The full tier table is not published on the docs page.
AVNT staking discounts
"Your Tier = MIN(AVNT Tier, Volume Tier)": staking unlocks a tier and 30-day volume activates it, using either fixed-fee or Upside volume, whichever is higher. Falling below a tier's volume starts a 15-day grace period. Staking discounts "stack with referral discounts".
| Tier | AVNT staked | 30D fixed-fee vol | 30D Upside vol | Fixed-fee discount | Upside discount |
|---|---|---|---|---|---|
| 1 | 500 | $150,000 | $500,000 | 5% | 2.5% |
| 2 | 2,500 | $500,000 | $2,000,000 | 10% | 5% |
| 3 | 10,000 | $1,500,000 | $6,000,000 | 15% | 10% |
| 4 | 50,000 | $5,000,000 | $20,000,000 | 20% | 20% |
| 5 | 250,000 | $30,000,000 | $100,000,000 | 30% | 25% |
Referrers earn "5% Rebates", and the staking page's own example adds a 5% referral discount to a 20% staking discount. Staked AVNT sits in the Security Module, where up to 20% can be slashed in a large realised loss to LPs; see the review.
Where the fees go
| Fee | LPs (avUSDC) | AVNT buyback and burn | Treasury |
|---|---|---|---|
| Opening, closing and win fees | 70% | 30% | — |
| Margin fees | 100% | — | — |
| Liquidation fees | — | — | 100% |
The docs do not publish a liquidation-fee rate. The Terms of Service point Protocol Fees to docs.veranta.xyz/rewards/revenue-distribution, which returned "Page Not Found" on 2026-09-29.
Gas
"Veranta is gasless by design: you sign orders, and Veranta submits them onchain and sponsors the gas." This covers opening, closing, TP/SL and TWAP actions for social logins and for EVM wallets with Smart Wallet mode on; with it off, "you transact and pay gas normally". The docs also state there is "no keeper fee".
FAQ
What does a crypto round trip cost?
Two taker legs cost 0.090% of notional and two maker legs 0.002%, plus spread and the net rate while you hold. Whether a leg is maker or taker depends on open-interest skew at that moment, not on your order type.
Are forex and gold free to trade?
Commission-free during growth mode, not cost-free: you still pay the spread and the net rate.
How does Veranta compare with other venues?
Its crypto taker rate equals Hyperliquid's 0.045% base tier, charged on both legs. The fee comparison lists every schedule with its verification date, and Hyperliquid vs Veranta weighs the two models.
Open Veranta (opens in a new tab)
Official site link — no referral relationship. See our methodology.