Fees & Slippage
Fees & Slippage
When trading perpetual contracts, costs mainly come from trading fees and slippage.
Understanding these costs helps users better estimate trade outcomes and manage risk.
Trading Fees
Trading fees are charged only when an order is executed.
Maker and Taker Fees
6MM uses a Maker / Taker fee model:
- Maker Fee
- Applied when your order adds liquidity to the order book
- Typically comes from limit orders that are not filled immediately
- Taker Fee
- Applied when your order removes liquidity from the order book
- Commonly comes from market orders or immediately filled limit orders
Fee rates may vary by trading pair and partner configuration.
When Are Fees Charged?
- Fees are charged at order execution
- Fees are calculated based on executed trade value
- Fees are deducted from the Perpetual Account
Unfilled or canceled orders do not incur fees.
Slippage
Slippage is the difference between the expected price and the actual execution price.
Why Slippage Happens
Slippage can occur due to:
- Low market liquidity
- Large order size
- High market volatility
- Use of market orders
Slippage is more noticeable during fast-moving markets.
How to Reduce Slippage
- Use Limit Orders instead of Market Orders
- Trade during periods of higher liquidity
- Avoid placing large orders at once
- Monitor order book depth before trading
Fees vs. Slippage
While fees are predictable, slippage depends on market conditions and order behavior.
Beginner Tips
- Check fee rates before trading
- Avoid frequent small trades to reduce cumulative fees
- Use limit orders to manage execution price
- Consider both fees and slippage when setting TP/SL levels
Summary
On 6MM:
- Fees are transparent and execution-based
- Slippage depends on liquidity and order type
- Cost awareness is essential for consistent trading performance
Managing fees and slippage effectively is a key part of successful perpetual trading.