Overview
Fees on Limitless adapt to both the market price and your trading experience. The system is designed to reward early conviction, discourage manipulation, and give loyal traders significant discounts.Fee Structure by Market Type
AMM Markets
A flat 0.25% fee applies to all trades. No curves, no complexity.Order Book (CLOB) Markets
Fees are dynamic and adjust based on the current market price:| Side | Fee Range | Paid In |
|---|---|---|
| Buy | 0.40% – 3.00% | Outcome tokens (contracts) |
| Sell | 0.42% – 1.50% | Collateral (USDC) |
Makers vs Takers
| Order Type | Fees? | Details |
|---|---|---|
| Limit orders (makers) | No fees | Even though you sign a transaction with fee terms, you pay nothing if your order is placed in the book |
| Market orders (takers) | Fees apply | Only orders that match immediately are charged |
The Fee Curve
The fee curve adjusts dynamically based on where the market price is when you trade.Buy Fee Curve
Buy fees start at 3.00% for low-probability markets and decrease as probability increases:| Price | Buy Fee |
|---|---|
| $0.01 – $0.50 | 3.00% |
| $0.55 | 2.52% |
| $0.60 | 2.13% |
| $0.65 | 1.80% |
| $0.70 | 1.51% |
| $0.75 | 1.26% |
| $0.80 | 1.05% |
| $0.85 | 0.85% |
| $0.90 | 0.68% |
| $0.95 | 0.53% |
| $0.99 | 0.42% |
| $0.999 | 0.40% |
Sell Fee Curve
Sell fees peak at the midpoint ($0.50) and decrease toward the extremes:| Price | Sell Fee |
|---|---|
| $0.01 | 0.42% |
| $0.05 | 0.60% |
| $0.10 | 0.78% |
| $0.20 | 1.11% |
| $0.30 | 1.32% |
| $0.40 | 1.44% |
| $0.50 | 1.50% (peak) |
| $0.60 | 1.44% |
| $0.70 | 1.32% |
| $0.80 | 1.11% |
| $0.90 | 0.78% |
| $0.95 | 0.60% |
| $0.99 | 0.45% |
| $0.999 | 0.42% |
By discouraging exits at the midpoint, the fee curve protects market integrity when uncertainty is highest.
Example: How Fees Play Out
Imagine you’re buying YES shares in a market where the current probability is 40% ($0.40):You buy early at 40%
Your buy fee = 3.00%. You pay the full fee, but you’re getting in early with better payout odds.
Market moves to 70%
If you sell when the market hits 70%, you pay a 1.32% sell fee because you’re away from the 50/50 uncertainty zone.
Why This Fee Model Works
The fee structure is inspired by proven models (including Polymarket and Kalshi) and is designed to:- Reward early traders for taking risk
- Discourage flip-flopping and short-term manipulation
- Incentivize long-term loyal participation
- Keep markets fair, liquid, and meaningful
Read the full blog post
Deep dive into fee curves with visual charts on the Limitless blog.