This summer, we’re making it easier than ever for you to participate in the Solana ecosystem with Gemini’s Solana Summer fee promotion! Starting on July 1, 2022, we’re offering free USD trades to ActiveTrader and API (FIX and REST) customers on the taker side of orders for Solana (SOL) and Solana-based (SPL) tokens!
The Solana Summer promotion will run through September 1, 2022.
What are the new fees?
|
30-Day Trading Volume in (USD Notional) |
Previous Maker Fee |
Promotional Maker Fee |
Previous Taker Fee |
Promotional Taker Fee |
|
0 |
0.20% |
0.40% |
0.40% |
-0.01% |
|
≥ $10,000 |
0.10% |
0.30% |
0.30% |
-0.01% |
|
≥ $50,000 |
0.10% |
0.25% |
0.25% |
-0.01% |
|
≥ $100,000 |
0.08% |
0.20% |
0.20% |
-0.01% |
|
≥ $1,000,000 |
0.05% |
0.15% |
0.15% |
-0.01% |
|
≥ $5,000,000 |
0.03% |
0.10% |
0.10% |
-0.01% |
|
≥ $10,000,000 |
0.02% |
0.08% |
0.08% |
-0.01% |
|
≥ $50,000,000 |
0% |
0.05% |
0.05% |
-0.01% |
|
≥ $100,000,000 |
0% |
0.04% |
0.04% |
-0.01% |
|
≥ $500,000,000 |
0% |
0.03% |
0.03% |
-0.01% |
What trading pairs get these new fees?
Trading pairs which include one of the following tokens will receive this promotional fee structure: SOL, GMT, RAY, SBR, ZBC, ORCA, and FIDA.
This includes:
- SOLUSD
- GMTUSD
- RAYUSD
- SBRUSD
- ZBCUSD
- ORCAUSD
- FIDAUSD
Will the fee promotion impact non-Solana pairs?
Pairs which do not include SOL or a SPL-based token will continue to have fees as described in the Gemini fee schedule.
Do I need to do anything to get these reduced fees (e.g., maintain minimum balance, trading volumes, etc)?
You can get these promotional fees by simply trading pairs with Solana or SPL-based tokens on Gemini’s Active Trader or Gemini’s REST and FIX APIs. Customers should trade using the market, fill-or-kill, or immediate-or-cancel order types to ensure they are on the taker side of the trade. It is possible to get the promotional taker fee with other order types (e.g., limit), but not guaranteed.
Will recurring buys be eligible for the fee promotion?
No, recurring buys are not part of Gemini Active Trader and they are not eligible for this promotion.
Are trades on Gemini Mobile and Gemini Web eligible for the fee promotion?
No, the promotion is only available on Gemini Active Trader, REST, and FIX platforms.
How will I receive my negative taker fee (rebate)?
Assuming your order qualifies for the fee promotion, how you receive the negative fee (rebate) depends on your order type.
For market buy orders, instead of taking the fee out of the order amount, the rebate is added to your order amount – giving you more of the purchased token. For example, if you were to market buy SOLUSD for $10,000 with a rebate fee of $1.00, you would receive $10,001 worth of SOL but only have $10,000 debited from your account for the purchase.
For other buy orders taking liquidity, the rebate will be included in the amount debited from your account for the order. For example, if you were to place an Immediate-or-Cancel order for 1 SOL, assuming SOLUSD was at $10,000 with a rebate fee of $1.00, your account would be debited $9,999 for the purchase.
For sell orders, the fee in USD will be added to the proceeds of your order. For example, a market sell order for 1,000 SOL, assuming SOLUSD was at $10,000 and the rebate fee of $1,000, your account would be credited $10,000 x 1,000 + $1,000.