Reya, the order book-based decentralized exchange for perpetual contracts, has overhauled its fee structure in a move designed to undercut most of its competitors on price. Taker fees drop to just 3 basis points, while maker fees disappear completely, replaced by rebates that effectively pay liquidity providers to post orders.
For context, 3 bps means a trader pays $3 for every $10,000 in notional volume.
What changed and why it matters
The new fee model targets both sides of the order book, but with very different incentives. Takers, the traders who hit existing orders, now pay a flat 3 bps. Makers, who post limit orders and add depth to the book, pay nothing and actually receive rebates for their trouble.
Reya currently supports more than 70 markets and has processed roughly $83 million in trading volume over a recent 24-hour period. The platform counts over 10,000 active traders.
