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Pricing & fees

Origami prices firm and shows it: you see the exact fill before you deposit. No post-trade deductions.

RFQ swaps

A swap's cost is the desk spread — the margin between market mid and your quoted rate. It's priced into the quote: the fill you're shown is what settles.

  • The spread is a small percentage of the clip (on the order of ~1%; the exact figure is whatever's reflected in your live RFQ).
  • You pay the deposit's gas from your own wallet — a standard on-chain send.
  • The desk eats the settlement gas — it's already netted into your quoted fill.

The quote is the firm rate

Whatever the fill reads when you execute is what settles (for the ~90s TTL). If the market moves or the quote lapses, re-quote.

OTC desk

Block trades carry a desk fee — a percentage of notional — typically split across buyer and seller. The fee for a given order is shown on the ticket, and a cancellation penalty may apply if a side breaks after the order is live.

Because OTC is negotiated and broker-worked, the exact fee and terms are presented with the order before you commit.

What the desk never does

  • No hidden deductions beyond the quoted spread.
  • No custody of anything you haven't explicitly deposited for a trade.

For where the fee sits in the flow, see Trade lifecycle.