Fees
How pricing works on Kyron
Kyron uses all-in pricing. The price on the trade ticket is the price you trade at — there is no separate fee added at checkout and nothing hidden in the fine print of a confirmation.
On this page§01 You pay the price you see
You pay the price you see#
Every order is filled at the price shown on the ticket. We don't tack on a separate trading fee at the moment you confirm, and we don't surprise you with line-items afterward. What you see is what you trade at.
Kyron's fee#
On Kyron's own markets, our pricing reflects a small, variance-weighted fee that peaks at 0.5% around 50¢ and tapers toward zero as a price approaches 1¢ or 99¢. In plain terms: the fee is smallest exactly where it should be — on long-shots and near-certain outcomes — so you're never penalized for trading the tails of a market.
It's collected in USDC at the trade gateway. Kyron never holds outcome shares to recover it, so our revenue doesn't depend on how any market resolves.
Best-price routing#
When you place an order, Kyron looks across our own order book and our partner liquidity network and routes you to the best available price for that trade. You get the better of the two automatically — you never have to choose where your order goes.
If the best price comes from partner liquidity rather than Kyron's own market makers, that price already includes a small spread — so it stays all-in, with no separate fee, and you're still getting the best price we can find for you. As Kyron's own market-making grows, more orders fill on our book at the fee described above.
Sells#
Selling works the same way: you receive the proceeds at the price you see, with the same all-in pricing applied. There's no separate fee added when you close a position.