In: Glossary
Basis points (bps)
A unit for small percentages: 1 bp = 0.01%.
A basis point, or bp, is one hundredth of a percent. 1 bp = 0.01%, and 100 bps = 1%.
Trading fees on perp DEXs are usually quoted in bps because they are small. A 2 bps taker fee is 0.02% of the trade's notional value.
We show all maker and taker fees in bps on the rankings.