Order Pricing

Order Price refers to the prices displayed in Apfiny’s order book. Order Price for any asset in Apifiny’s order book represents the total cost/proceeds for buying/selling, not including maker and taker fees.

Apifiny’s technology is designed to seek the best possible price within its network of nodes, inclusive of all costs incurred along the way. Even though certain costs are included in Order Price, Apifiny is still able to provide more favorable buy/sell prices for our clients relative to industry standards.  If a trader performs the same transaction without Apifiny, the cost is typically higher.  

The order price is calculated as follows:

Trading Costs Incurred at Nodes

The maker/taker fee + commission fee (if any) incurred at the node from which the Apifiny order was sent.

FX Conversion Costs

Costs incurred from a foreign exchange between order source denomination currency and traders’ native currency.

CCM Cost

CCM is the collective cost for currency conversion and market maker fees. This may include: wire, FX, deposit, withdraw and transaction fees. The CCM fee rate is fixed at 0.15%.

Fee Table

The following table details costs and fees incurred based on each order source currency.

Order Source Currency Costs Incurred at Node FX Conversion Costs CCM Fees

US Dollar (USD)


Euro (EUR)

Tether (USDT)

Japanese Yen (JPY)

Australian Dollar (AUS)

Canadian Dollar (CAD)

British Pound (GBP)

New Zealand Dollar (NZD)

Hong Kong Dollar (HKD)

Singapore Dollar (SGD)

Mexican Peso (MXN)

all European Union currency

Variable based on fee schedule at node.
0.1% maximum

South Korean Won (KRW)

Brazilian Real (BRL)

Indonesian Rupiah (IDR)

Turkish Lira (TRY)

Russian Ruble (RUB)

Vietnamese Dong (VND)

Philippine Peso (PHP)

Malaysian Ringgit (MYR)

Thai Baht (THB)

Variable based on fee schedule at node.
Variable based on actual conversion cost.

All listed cryptocurrencies and stablecoins

Variable based on fee schedule at node.
Variable based on actual conversion cost.

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