Exchange fees affect profitability, so Gunbot uses a configured fee level for profit calculations and the exchange’s reported fees for trade reporting.
How Gunbot Manages Exchange Fees
- User-Configured Fee Level: When you connect an exchange, you set the expected fee level. Gunbot uses it to estimate trading costs and set targets above fees.
- Exchange-Reported Fees: For reporting accuracy, Gunbot records the actual fee data returned by the exchange for each order.
Setting Up Exchange Fees in Gunbot
- Input the Average Fee: Enter the typical fee rate you expect to pay (flat fee or percentage). If unsure, you can enter the highest possible fee level to keep a safe buffer.
- Accurate Cost Calculations: Gunbot uses the configured fee level to calculate the unit cost of assets held and to set fee-aware profit targets.
Why Fee Configuration Matters
Fees can erode small margins, especially in high-frequency or volatile markets. Gunbot factors your fee setting into profit thresholds and stores actual fees for precise reporting so you can track true performance.
Tips for Configuring Exchange Fees
- Use a Conservative Estimate: Slightly overestimating fees helps keep trades profitable if fees spike.
- Regularly Review Exchange Fees: Exchanges change fee structures, so update your configuration when needed.
For more details, refer to your exchange’s support documentation or Gunbot’s official setup guides.