Introducing Shark Exchange's Zero-Fee Scalping Offer!

Modified on Tue, 9 Dec at 3:55 PM

Trade Fast, Pay Less: Your Edge in Quick Trading

Zero Fees on Position Closes Within 15 Minutes!
Perfect for scalpers and quick traders who spot those lightning-fast opportunities.

How It Works:

Open your position as usual ⏱️ Close within 15 minutes ? Pay ZERO FEES on your closing trades!

What Makes This Special?

Maximum Flexibility

  • Works with ANY order type

  • Market orders? Limit orders? Your choice!

  • Available on select popular trading pairs

Partial Closes Welcome

  • Close your position fully or partially

  • Every closing trade within 15 minutes is fee-free

  • Perfect for managing risk and taking quick profits

Smart Position Management

  • Going from long to short? We've got you covered

  • Position reduction to zero? Always fee-free within the window

  • Sophisticated tracking ensures you get maximum benefits

Trading Scenarios:

Example 1: Quick Profit

  • Open a BTC long position

  • Market moves in your favor

  • Close within 30 minutes

  • Pay ZERO closing fees!

Example 2: Partial Take-Profit

  • Open an ETH position

  • Take partial profits in 10 minutes

  • Keep remaining position open

  • Pay NO FEES on the partial close!

Key Benefits:

Cost Efficiency
Reduce your trading costs significantly on quick trades

Strategy Freedom
Use any order type that fits your strategy

Speed Advantage
Execute fast trades without fee concern.

Ready to Start?

  1. Login to your Shark account

  2. Choose from our selected trading pairs

  3. Execute your quick trades

  4. Watch your fees disappear on qualifying closes!

Terms to Remember:

  • 30-minute window starts from position opening

  • Opening trades are subject to standard fees

  • Closing trades within window are fee-free

  • Available on selected trading pairs

Key Rules:

  1. Fee Structure for Opening Positions:

    • Users can place any type of order (market, limit, etc.).

    • When a new position is opened, the applicable fees (based on the Maker or Taker role) are charged at the time of position creation.

  2. Fee Waiver on Position Closing (within 30 Minutes):

    • If the position is closed (partially or fully) within 30 minutesno fees will be charged for the trades executed to close the position.

    • The position creation time is the reference point for the 15-minute timer.

  3. Partial Close and Position Flip Scenarios:

    • For Long Positions:
      If a closing order reduces the position size without flipping it to a short position, the trades in that order are fee-exempt if within the 30-minute window.
      If it reduces the position size 
      to zero or flips to a short position
      , only the portion reducing it to zero is fee-exempt.

    • For Short Positions:
      If a closing order increases the position size without flipping it to a long position, the trades in that order are fee-exempt if within the 15-minute window.
      If it increases the position size 
      to zero or flips to a long position
      , only the portion increasing it to zero is fee-exempt.

  4. Token and User Scope:

    • Initially limited to specific tokens to monitor performance and adjust as necessary.

    • Ability to activate the offer for specific user categories (e.g., Pi42 external, Zebpay users, or both).

    • Time limit (15 min) should be adjustable 


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