EconomicsLIVE
Fees
What PLAYS charges, and what it charges today.
PLAYS does not collect any fee today. Fees below are assessed and recorded for every execution so they can be audited, but they are waived during the beta.
| Action | Planned PLAYS fee | Charged today |
|---|---|---|
| Generate, edit, preview a Play | 0 | 0 |
| Open or increase | 5 bps of filled gross notional | 0 (waived in beta) |
| Reduce | 0 | 0 |
| Close | 0 | 0 |
The fee is charged only on quantity that actually filled. Failed, canceled and unfilled amounts are never charged. PLAYS earns when you put a Play on, not when you reduce risk.
Worked example
LONG NVDA $1,000 SHORT AMD $1,000 Gross filled notional $2,000 PLAYS fee, 5 bps $1.00 (assessed, waived in beta)
Venue fees, funding and slippage are separate. They are shown in the cost summary before you confirm, and the PLAYS fee always has its own row.
A minimum fee of 0.10 dollars is planned for non-zero fees. Every execution records the fee policy version it was assessed under, so past fees stay reproducible.