Taker fee
A taker fee is the rate charged on orders that remove liquidity — market orders and any order that fills immediately against the book. It is the higher standard rate, 0.05–0.06% on futures at loweef's partner exchanges.
A taker order consumes liquidity: instead of waiting in the order book, it matches against orders that are already resting there. Market orders are always takers, and limit orders become takers whenever their price crosses the spread and fills at once.
Exchanges charge takers more because immediate execution is a service — someone else took the risk of resting an order so you could fill instantly. The taker rate is also the one that matters most in practice, since most retail flow (entries on momentum, stop-loss triggers, quick exits) executes as taker.
Because taker fees dominate a typical trader's costs, they are the standard basis for comparing exchanges. loweef's effective taker rate table applies each partner's payback to its published taker fee, showing what you actually pay after 50–67% of the fee is returned — a fairer comparison than headline rates alone.
Maker vs taker fees — full comparison →