Which exchange has the lowest effective futures fees?

"Effective fee" means the published taker fee after your rebate is applied — not the raw fee schedule alone, since two exchanges with the same posted fee can cost very differently once a rebate is factored in. On loweef's current partner rates, AlphaX has the lowest effective futures fee among the exchanges loweef covers, combining its 0.05% taker fee with a 65% total rebate. The full comparison is below.

Why the raw fee schedule alone doesn't answer this

A published taker fee is only half the number. The other half is how much of that fee comes back to you — as a fee rebate, credited daily, independent of the exchange's own VIP volume tiers. Two exchanges can post the same taker fee and still differ once the rebate share is applied, and the exchange with the lowest posted fee isn't automatically the one with the lowest effective cost after rebate.

Compare every partner exchange

The table below shows each partner's published taker fee, current total rebate, and the resulting effective taker rate side by side:

Exchange	Total rate	Welcome boost	Effective taker
AlphaX	65%	—	0.0175%
BingX	60%	70%	0.0200%
OKX	50%	60%	0.0250%
MEXC	55%	65%	0.0180%

Why a lower posted fee doesn't always win

A lower raw taker fee can still lose to a higher one once rebates are applied, if the rebate share is large enough to offset the difference — which is exactly why comparing only the published fee schedule, without the rebate, gives an incomplete answer.

The rebate is separate from your trading volume

Unlike an exchange's own VIP tiers, a fee rebate through loweef doesn't require hitting a 30-day volume threshold — it applies from your first trade, at any size, in addition to whatever VIP discount you've separately earned on the exchange itself. Four honest ways to lower what you pay →

Figures are estimates based on published fee schedules and loweef's current partner rates; actual results vary with VIP tier and maker/taker mix, and rebate rates can change prospectively.

Frequently asked questions

Does a lower published taker fee always mean a lower effective fee?

No — the rebate share matters as much as the posted fee. An exchange with a slightly higher taker fee but a larger rebate can end up cheaper in practice than one with a lower posted fee and a smaller rebate.

Does my trading volume change the effective fee?

The rebate portion doesn't — it applies at the same rate regardless of volume. Your own maker/taker order mix and any VIP tier you've separately earned on the exchange can still move the underlying fee schedule.

Is the effective fee guaranteed to stay the same?

No — rebate rates and exchange fee schedules can both change prospectively, with notice. The comparison above reflects current published rates; treat it as an estimate, not a fixed promise.