Funding Amount = Nominal Value of Position × Funding Rate
where Nominal Value = Mark Price × Contract SizeTransparent Pricing
Fees built for Indian
derivatives traders
Zero deposits. Zero withdrawals. Industry low maker–taker fees across futures and options markets.Every charge on Pi42, documented in one place.
INR Deposits
FREE
Manual & Instant Transfer
INR Withdrawals
FREE
No platform charges
Maker fee from
0.0070%
VIP 7 Tier
Taker fee from
0.0290%
VIP 7 Tier
01 / FUTURES
Futures Trading Fees
Pi42 uses a maker–taker model. You pay a Maker fee when your order rests on the book, and a Taker fee when your order matches an existing one immediately. Fees decrease as your 30-day rolling volume grows across VIP tiers.
| VIP Tier | 30-Day Rolling Trade Volume (INR) | Maker Fee | Taker Fee |
|---|---|---|---|
| VIP 0 | Upto 17.6 CR | 0.0200% | 0.0500% |
| VIP 1 | 17.6 CR to 44 CR | 0.0200% | 0.0480% |
| VIP 2 | 44CR to 132 CR | 0.0180% | 0.0480% |
| VIP 3 | 132CR to 440 CR | 0.0150% | 0.0450% |
| VIP 4 | 440 CR to 880 CR | 0.0120% | 0.0400% |
| VIP 5 | 880 CR to 4400 CR | 0.0100% | 0.0400% |
| VIP 6 | 4400 CR to 8800 CR | 0.0080% | 0.0320% |
| VIP 7 | 8800 CR and Above | 0.0070% | 0.0290% |
02 / OPTIONS
Options Trading Fees
Transparent, low-cost fees for active options traders. Trading and delivery fees are capped at 7% of premium so small premiums never get eaten by fees.
Maker Fee
0.0127%
Taker Fee
0.0169%
Fee Cap
7% of premium
Delivery Fee (ITM expiry)
0.015%
Applies only when an options position expires In-The-Money. Capped at 7% of premium. Daily expiry contracts incur no delivery fee.
Liquidation Fee (Sellers only)
0.20%
Applies only to options sellers when forcibly liquidated. Options buyers are never liquidated.
03 / PERPETUALS
Funding Fees
Funding payments keep perpetual contract prices anchored to the underlying spot price. Funding flows between long and short holders — Pi42 does not earn from it.
Schedule
Funding is exchanged every 4 or 8 hours depending on the contract. You only pay or receive funding if you hold a position at the funding interval.
Direction
When the funding rate is positive, longs pay shorts. When negative, shorts pay longs.
04 / RISK
Liquidation Fees
If your position breaches its maintenance margin requirement, Pi42's risk engine forcibly closes it. Two charges apply at liquidation: a Taker Fee on the closing trade, and an Insurance Clearance Fee that funds Pi42's Insurance Fund.
Taker Fee
Standard Taker Fee for your VIP tier applies on the closing trade
(see Section 01)
Insurance Clearance Fee
Charged on the liquidated notional, varies by symbol. Contributed to the Insurance Fund which protects all traders from socialised losses and ADL.
Insurance Clearance Fee = Liquidated Notional × Clearance Rate
Liquidated Notional = Mark Price at liquidation × Position Size05 / DEPOSITS
USDT Deposit & Conversion
Transfer USDT into Pi42 and convert to INR at the live published rate. Three components apply: a transaction fee, GST on that fee, and 1% TDS as required under the IT Act 1961.
Transaction Fee
0.02%
per transaction value
GST
18%
on transaction fee
TDS
1%
on (Sell value − Fee − GST)
Worked Example
Depositing 100 USDT @ ₹95/USDT
USDT–INR rate₹95.00
USDT deposited100 USDT
Total sell amount (A)₹9,500.00
Transaction Fee 0.02% (B)₹1.90
GST 18% on fee (C)₹0.342
Taxable for TDS (A − B − C)₹9,497.758
TDS @1% (D)₹94.97758
Net credited to INR Wallet₹9,402.78042
06 / WALLET
Deposits & Withdrawals
Pi42 charges nothing for INR deposits or withdrawals. Move money in and out without platform fees.
| Transaction | Method | Pi42 Fee |
|---|---|---|
| INR Deposit | Manual Bank Transfer | FREE |
| INR Deposit | Instant Bank Transfer (UPI / IMPS) | FREE |
| INR Withdrawal | Bank Transfer | FREE |
| USDT Deposit + Conversion | Crypto Transfer | See Example Above |
07 / SUPPORT
Frequently Asked Questions
Common questions about Pi42's fee structure. Still unsure? Reach out to support.
How is my VIP tier calculated?
Your VIP tier is determined by your 30-day rolling trading volume across both INR and USDT futures markets combined. You don't need to hit the threshold separately in each market — your tier updates automatically as your volume crosses thresholds.
How is GST applied on Pi42 fees?
GST at 18% is applied on Maker/Taker fees, GST at 18% is applied on options fees, and GST at 18% is applied on USDT deposit transaction fees. It is calculated separately on each fee and shown as a distinct line in your transaction history. GST is not applied on TDS or on funding amounts.
Why is 1% TDS deducted on USDT deposits?
1% TDS is mandated under the Income Tax Act 1961 on the transfer of Virtual Digital Assets (VDAs). Pi42 deducts and deposits this TDS with the Income Tax Department. You can claim credit for this TDS while filing your annual income tax return.
Are funding fees the same as trading fees?
No. Trading fees (Maker/Taker) are charged by Pi42 when your order executes. Funding fees are exchanged between long and short holders of perpetual contracts every 4 or 8 hours to keep contract prices anchored to spot. Pi42 does not earn from funding payments.
When does the Insurance Clearance Fee apply?
The Insurance Clearance Fee applies only when a position is forcibly liquidated by Pi42's risk engine. It does not apply on stop-loss orders, take-profit orders, or any manually closed position. The fee is contributed to Pi42's Insurance Fund, which protects all traders from socialised losses.
Are Pi42's fees subject to change?
Yes. Pi42 reserves the right to adjust fee rates based on market conditions, liquidity considerations, or regulatory changes. Any updates will be reflected on this page and communicated to users in advance via email and in-app notifications where applicable.