What you pay
Each futures trade can include:
Commission: CFM's fee, set in your fee schedule when you onboard. It may be an absolute fee per contract or basis points on notional.
Exchange fees: Charged by the exchange and clearing house and passed through at cost. See Coinbase Derivatives Exchange fees.
NFA regulatory fee: No NFA regulatory fee is applied to U.S. Derivatives trades.
Your rates are in your fee schedule and can be viewed in Prime under Settings › Billing › Plans & Fees. For questions about your rates, contact your Account Manager.
When fees are charged
Fees are added up at the 5 PM ET end-of-day cutoff on the trade date (T) and settled on the next business day (T+1), the same way margin calls work. So fees show up in your balance on the next day's statement, not the trade date.
Fees are included in the end-of-day margin calculation, so they can add to a margin call.
Where to see fees
Daily and monthly FCM statements: a full breakdown of commissions and fees.
Prime UI: a fee breakdown in the order details on the Activity page.
Need help?
Contact your Coinbase Account Manager or email primeops@coinbase.com. See also Get help and notifications for derivatives.
Note: Derivatives on Coinbase Prime are offered by Coinbase Financial Markets, Inc. (CFM), a futures commission merchant registered with the CFTC and a member of the NFA.
Disclaimer: Trading futures and options involves substantial risk and isn't suitable for everyone. Only trade products you understand, after considering whether trading suits your experience, financial position and investment goals. Leverage can work for you or against you, and losses can exceed the amount you deposit.
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