How Do Exchange Trading Fees Differ between Spot and Derivatives Markets?

Spot markets typically charge a flat percentage fee for each trade, often differentiated between 'maker' and 'taker' orders. Derivatives markets, especially futures, also use maker/taker fees but may include additional costs like funding rates (for perpetual futures) or settlement fees.

Fee structures can be tiered based on trading volume. Arbitrageurs often seek 'maker' status for lower fees.

High fees in either market can negate arbitrage profits.