Fees
Every adventure comes with its costs, and roaming around our park is no exception. Here's what you need to know about the fees in Tea-REX's prehistoric playground.
Hatching Fee (Protocol Fee)
The cost of bringing your new Rex into the world (opening a position). Every new Rex needs proper care from our handlers when they first hatch! This is a one-time fee of 0.1% of your position size.
Example:
If you hatch a Rex worth 4,000 USDC, the hatching fee would be 4 USDC (4,000 × 0.1%).
Daily Care Fee (Borrowing Fee)
Keeping your Rex healthy and happy comes with daily maintenance costs. We charge a daily fee based on how much power your Rex borrows.
Example:
Your Rex starts with 500 USDC (collateral) at 8x leverage to reach a 4,000 USDC power (borrowed amount).
Daily care rate: 0.0164% (6% annual)
If you keep your Rex for 28 days, the total care fee will be 18.49 USDC 4,018.49 (4,000 × (1 + 0.0164%)^28) - 4,000 (initial power) = 18.49 USDC
Release Fee (Exit Fee)
Ready to say goodbye? There's a small fee when you let your Rex go (close a position). When it's time to say goodbye, our handlers help release your Rex safely. This costs 0.1% of your final position size.
Example:
If your Long ETH Rex grows from 1.5 ETH to 2.1 ETH, the release fee would be 0.0021 ETH (2.1 × 0.1%)
Note: On the Tea-REX platform, you will see "Closing Costs" when you close a position. The Exit Fee is included in Closing Costs, along with swap fees and slippage discrepancy based on market conditions.
Emergency Care (Liquidation Fee)
In the unfortunate event that your Rex doesn't make it, an emergency care fee (liquidation fee) of 0.1% will be charged on the remaining position value.
Example:
If a 4,000 USDC long position drops to 1,800 USDC after X days and is liquidated, the fee would be 1.8 USDC (1,800 × 0.1%).
Position Type Matters!
The tokens charged for fees and repayments will differ depending on whether your Rex is trained for long or short hunting. See the detailed breakdown in the table below.
Protocol Fee
USDC
Position Token
Borrowing Fee
USDC
Position Token
Exit Fee
USDC
USDC
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