At Moon, we believe trading costs should be transparent, predictable, and easy to understand.

This page explains how fees are calculated, how position values are displayed, and how market liquidity is incorporated into position closures.

A 1% Opening Trade Fee is charged when a new position is opened.

This fee is calculated solely on your wager amount — the amount of capital you commit to the trade — and is not calculated on your total leveraged exposure.

For example, if you open a position with a $1,000 wager and select 10x leverage, your market exposure will be $10,000. However, the Opening Trade Fee is calculated only on your $1,000 wager, resulting in a fee of $10.

The applicable fee will be displayed before you confirm your trade on the trade summary area.

Positions held open beyond the initial trading period are subject to a Rolling Holding Fee.

This fee is assessed every 8 hours while a position remains open and reflects the cost of maintaining market exposure over time.

The Rolling Holding Fee is dynamic and may vary based on factors including market conditions, asset volatility, liquidity, and broader funding costs. The applicable rate is displayed within the platform and automatically incorporated into your position costs.

When a position is closed at a profit, a Performance Fee may apply.

The Performance Fee is calculated on the realized profit generated by the trade and is capped at a maximum of 10% of realized profits.

No Performance Fee is charged on losing trades.

Any applicable Performance Fee is deducted from trade proceeds before settlement and is reflected in the final amount received.

Market liquidity is considered when determining the value of a position at the time it is closed.

To ensure profits and losses reflect realistic market conditions, Moon calculates a closing execution price based on the available liquidity of the underlying asset. This is particularly important for larger positions, where the size of the exposure may exceed the liquidity available at the current market price.

For smaller positions, the closing execution price will typically remain close to the prevailing market price. Larger positions may receive a different closing price to reflect the liquidity available across multiple market price levels.

For example, if there is $1,000,000 of available liquidity at the current market price and a trader closes a position representing $5,000,000 of exposure, the closing execution price may be adjusted to reflect the liquidity available across multiple price levels.

The impact of liquidity on a closing price will vary depending on position size, market conditions, and the liquidity available for the asset at the time the position is closed.

Liquidity adjustments are only applied when determining the closing value of a position and are not applied when opening a position.

Moon is designed to provide traders with a clear and realistic view of their position performance.

The profit or loss displayed for an open position is not a theoretical value. Instead, it already incorporates:

This means the value displayed within the platform is intended to closely reflect the amount you would receive if you closed your position at that moment.

Unlike platforms that display profits before fees and execution costs are applied, Moon continuously incorporates these factors into the profit and loss shown throughout the life of a position.

The profit displayed on Moon is designed to represent your estimated payout if your position were closed immediately.

While final proceeds may vary slightly due to changing market conditions between viewing and execution, especially with higher leveraged positions, the value displayed is intended to closely reflect your expected payout upon closing your position.

Moon is committed to transparent pricing and execution. Applicable fees, liquidity adjustments, and estimated proceeds are incorporated into the trading experience and displayed wherever possible so you can make informed trading decisions with confidence.