Network fees cover the costs of committing transactions on the blockchain.
These are only applied for small trades, where the network fee exceeds the trading fee by more than 10%. Otherwise, the network fee is subsidized by Switcheo.
Ethereum Network Fees
(196,000—274,000 GAS depending on the amount filled) * (Ethereum Gas price)
The Ethereum Gas price varies depending on network conditions of the Ethereum network. To decide on this price, we use the “Fast” value from https://ethgasstation.info.
For example, if the “Fast” value is 10 GWEI, then the maximum trade fee would be (274,000 * 0.00000001) ETH = 0.00274 ETH
The maximum (trading + network) fee for takers is capped at 10% of the take amount.
Network Fees for Ethereum Withdrawals:
97,000 GAS * (Ethereum Gas price)
If the “Fast” value is 10 GWEI, then the withdrawal fee would be
(97,000 * 0.00000001) ETH = 0.00097 ETH
NEO Network Fees
0.001 to 0.002 GAS (This is dependent on the amount filled)
The maximum (network + trade) fee for takers is capped at 0.5% of the take amount.
Atomic Swap Network Fees
The network fee for Atomic Swap is 200,000 ETH GAS + 0.001 NEO GAS. The maximum (trading + network) fee for is capped at 10% of the traded amount.
*Maker: If you place an order that gets added into the open order-book and is waiting to be matched, you are the maker.
*Taker: If you place an order that gets matched against an order already in the order-book, you are the taker. Since taker’s request will be matched against a maker's current request, the trade will get executed immediately.
To find out more information about Ethereum's Gas calculation: