Fees

Deposit / Withdraw Fees

Omni charges a flat fee of $0.1 per deposit/withdraw to disincentivize spam and cover gas costs.

Trading Fees

There are no trading fees on Omni.

Liquidation Fees

As a penalty for liquidations, Omni force-liquidates positions at ask price + 0.5% (for a short) or bid price - 0.5% (for a long). See the Liquidation page for more details on the liquidation penalty.

FAQ

How are you able to offer zero trading fees?

Omni generates revenue by capturing the spread, not by charging users fees. See the Omni Liquidity Provider page for more information.

If there are no trading fees how does the protocol make money?

The Variational Protocol will receive a cut of Omni's spread revenue, rather than a cut of fees. See the Omni Liquidity Provider page for more information.