Usage and fees
What you can do with OpenOcean and fees

What can you do on OpenOcean?

  1. 1.
    Swap with the best price and lowest slippage possible on the market
  2. 2.
    Arbitrage between DEXes and CEXes

Arbitrage between DEXes and CEXes

Take the case as an example, the user has 1000 LINK on Binance account. The LINK/USDC P2P price on Binance is 12.5987. At the same time, the user inputs 1000 LINK on OpenOcean to find the best swap price for LINK/USDC. The best price found by OpenOcean is 12293USDC. LINK/USDC currency pair on CEX (Binance) has a better price compared to the price on DEXes. The user exchanged 1000 LINK for 12293 USDC on Binance and exchanged 12293 USDC for 1024.8 LINK on OpenOcean at the same time. The net gain of the arbitrage transaction is 24.8 LINK, and the net profit ratio for the transaction is 2.48%.

When will arbitrage opportunities occur?

DEXes rely on oracles for price feeding and most of them apply AMM mechanisms. That means there are price differences between DEXes as well as between DEXes and CEXes. Arbitrage opportunities are there by nature all the time.

What kind of users can make Arbitrage transactions on OpenOcean

  1. 1.
    All DEX users.
  2. 2.
    Users with accounts on both Wallets and CEXes.
  3. 3.
    Institutional investors and traders with arbitrage strategy. OpenOcean provides tailor-made API and services .
  4. 4.
    Users want to hold a specific token for some time and would like to make profits by holding the token at the same time. Arbitrage is a risk-free option for them
  5. 5.
    New coin holders usually find great arbitrage opportunities.

What kind of users can Swap on OpenOcean?

Any user with a wallet can do Swap transactions on OpenOcean. OpenOcean is the window to make swap transactions and automatically finds the best swap price and lowest slippage possible on the market for you. If you want to swap across a specific DEX, OpenOcean also offers you the option to choose the DEX you preferred.

Fees on OpenOcean

OpenOcean provides a transparent pricing mechanism without charging any additional protocol transaction fees for DeFi users. No fees are charged to DeFi users for the current route finding function.
Fees will be generated from:
  • institutional investors that run investment strategies through our custom-made UI. An API is also available for traders and institutions as well
  • PME (Primary Membership Edition) which is a SAAS that captures arbitrage opportunities between DEXes and CEXes and executes automatically for users
  • Combined margin products
  • Intelligent wealth management services