Maker vs Taker Fees: Simple Explanation + Real Trade Examples
Learn maker vs taker fees with clear examples. Understand when maker saves money and when taker is worth it because of spread and slippage.
Maker fees are usually lower, but execution quality can be worse. The goal is best net execution, not lowest headline fees.
When maker is better
- Market is stable
- You can wait for a fill
- Spreads are tight
When taker is worth it
- Price is moving fast
- Missing a fill is costly
- Stops must execute immediately
The hidden enemy
Total cost = fee + spread impact + slippage. Track real fills and compare to mid-price.
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