Fees and Rebates
What TRUE charges on perps, swaps and predictions, the volume rebate paid back to active traders, and the referral discount that lasts for life.
Perps
Two rates, identical on all twenty markets, charged at the moment of the trade:
| Side | Rate |
|---|---|
| Maker | 0.02% |
| Taker | 0.10% |
Minimum order size is $5 of notional.
The volume rebate
Everyone is charged the same rate at execution. High-volume traders get part of it back.
Your level is set by rolling 30-day perp volume, measured on positions you have closed. The app shows the same number you are being measured on, so checking your progress and being assessed are the same calculation.
| Level | 30-day volume | Rebate on fees paid |
|---|---|---|
| Starter | $0 | 0% |
| Trader | $250,000 | 10% |
| Pro | $1,000,000 | 20% |
| Legend | $5,000,000 | 25% |
The rebate is paid in USDC after the week closes, calculated on the fees you actually paid that week on closed positions.
Charging everyone the same rate and paying the difference back is deliberate. The venue applies one fee per market to every account, which is also what makes the orderbook fair: nobody gets a better fill because of who they are.
Copy trading is perps
A copied position is a perp position and is treated as one everywhere. Same fees, same rebate ladder, same 30-day volume, same referral treatment. There is no separate copy-trading rate.
The follower is the trader. Volume and fees from a copied position count toward the follower’s own level, exactly as if they had opened it themselves. On top of that sits the flat 1 USDC per copied trade described on Copy Trading.
Referrals
Arrive through someone’s referral link and you pay 10% less in fees, for life. Not for a month, not for your first ten trades.
Partner commission
Refer users and you earn a share of the fees they actually pay. Your rate is set by the fees your referrals generated in the last 30 days, not by their volume, so referring a few serious traders beats referring many inactive accounts.
| Level | 30-day referred fees | Your share |
|---|---|---|
| 1 | $0 | 10% |
| 2 | $250 | 12% |
| 3 | $1,000 | 15% |
| 4 | $4,000 | 18% |
| 5 | $10,000 | 22% |
| 6 | $25,000 | 25% |
Swaps, perps and predictions all pay the same rate at every level.
What the share is calculated on
The net fee: what the referral paid, after their 10% referral discount and after any rebate or refund they received. You earn on money TRUE actually kept, which is the only basis that stays honest when a trader is also getting money back.
Your dashboard shows the rate you are on and the fees behind it. That figure is the figure that pays.
Swaps and predictions
Swap fees are shown in the quote before you confirm, including any routing cost from the aggregator. Prediction markets charge a fee on profit, quoted to you before the bet is placed. In both cases the number you see at confirmation is the number charged.
See also
- Perps DEX — the venue these fees apply to.
- Copy Trading — the extra flat fee per mirror.
- Points and Rewards — a separate system from fees.