Trading perps on N1 costs a taker or maker fee on each fill. Your exact rates depend on your fee tier, which is shown in Rewards → Fee Tier.
Maker vs taker
- A taker fee applies when your order fills immediately against existing liquidity (market orders, and limit orders that cross the book).
- A maker fee applies when your order rests on the book and is filled by someone else (post-only orders, and limit orders placed away from the current price).
The fee for an order is included in the trade summary before you submit, and realized fees appear in your account overview and history.
Fee tiers
There are five tiers. You qualify for a tier in either of two ways:
| Tier | Qualify with either | Maker | Taker |
|---|---|---|---|
| 1 | up to $5M volume | 0.0100% | 0.0350% |
| 2 | over $5M volume, or ≥ 0.5% of platform maker volume | 0.0050% | 0.0300% |
| 3 | over $25M volume, or ≥ 2.5% of platform maker volume | 0.0000% | 0.0250% |
| 4 | over $100M volume, or ≥ 10% of platform maker volume | 0.0000% | 0.0230% |
| 5 | over $1B volume | 0.0000% | 0.0200% |
- Volume means your maker and taker volume over the last 14 completed UTC days. The maker-share alternative uses your wallet's share of total platform maker volume over the same period.
- Only completed UTC days count, so today's volume starts counting toward your tier tomorrow.
- Tiers update daily.
- From tier 3 upward, resting orders trade at zero maker fee.
Rates are served live by the exchange, so Fee Tiers in Rewards is always the authoritative source — it shows the current rate for every tier, which tier you are on, and your progress toward the next one.
Referral fee discount
If you signed up through a referral link or invite code you are placed on the discounted fee ladder: a 5% discount on eligible trading fees at every tier, applied to the rates above. Your own tier and rates are always shown in Fee Tiers.
The discount ends once your combined maker and taker quote volume from complete discounted UTC days reaches $5M, after which you move onto the standard ladder at your usual tier.
Fee credits
Fee credits are grants that pay back eligible trading fees. In Rewards → Fee Credits:
- Earn — eligible trading fees fill the oldest eligible credit grant first. Newer grants wait in the order they were added, even if one expires sooner. Fees not used by an older grant can fill the next eligible grant; each fee counts toward only one grant.
- Claim — once a grant reaches the displayed minimum you can claim all available credit. The grant stays active and can keep earning until it is complete or expires.
- Expiry — anything you have not claimed when a grant expires is lost. A claim that already entered the payout queue before expiry still pays out.
- Payment — claims enter a payout queue and can stay queued while payout capacity refills.
The practical rule: claim as soon as you are above the minimum rather than waiting for a grant to fill completely.
N1 also sends you notifications about your fee credits (they are called trading credits in notifications): when you receive a new grant, when credit becomes ready to claim, about seven days before a grant expires if it still has credit left to earn or claim, and when a claim is paid to your N1 trading account or does not go through. If a claim does not go through, open Rewards and try again. Selecting a notification opens Rewards, and on mobile it can also arrive as a push notification. Amounts in a notification are as of when it was sent — Rewards → Fee Credits always shows the current amount. Some grants are issued without a notification, so check Rewards → Fee Credits for your full list. To stop these notifications, disable Trading credits in notification settings.
Other costs to be aware of
- Funding is an hourly payment between longs and shorts, not a fee to N1. See Funding payments explained.
- Withdrawal fee — Nord applies its withdrawal fee during settlement when you withdraw.