Fees

There are 3 types of fees on Ruscet

1. A flat 0.6% (60bps) base fee, applied on notional position size.

2. Borrow Fee, paid hourly on open positions, based on notional size.

Borrow Fee

hourly borrow fee = (tokens borrowed / tokens in the pool) x hourly borrow rate x position size

Hourly Borrow Rate is ~0.008% for ETH and BTC while 0.01% for USDC and USDT. Please note these rates are subject to change by the actual pool utilization and other various factors.

For long positions, the margin is the token being longed (e.g., ETH for ETH longs, FUEL for FUEL longs), while short positions are collateralized with supported stablecoins like USDC.