bundlo perps · 05 of 8
Fees, funding and where the money goes
0.1% trade fee, hourly funding between longs and shorts, 0.3% conversion spread.
| Item | Amount | Who receives it |
|---|---|---|
| Trade fee | 0.1% of position size on open and close | Insurance, Bundlo reserve and treasury |
| Protocol share | 20% of trade fees | Treasury, half of it buys back $BUNDLO |
| Funding | Every hour, side with more open interest pays the other | Traders, 5% of each settlement to treasury |
| Conversion spread | 0.3% on SOL to $BUNDLO and back | Treasury |
| Price impact | Grows with size versus market depth | Stays in the pool |
Funding keeps the perp close to the real price: if too many people are long, longs pay shorts, and the opposite. The treasury only receives: fee share, funding share, spread and buybacks. It never pays winners.