Delta Exchange leverage charges explained

Is there a daily leverage charge on Delta Exchange?

No. Delta's fee schedule lists trading fees, liquidation fees and deposit and withdrawal fees; there is no interest or per-day charge for borrowing leverage. Higher leverage costs more only because it makes the position bigger, and three costs follow the position:

• Trading fee: a percentage of each leg's value, entry and exit, plus 18% GST. Charged once per leg at the same rate however long you hold, except that Delta's Scalper Offer waives the closing fee on a BTCUSD trade closed within 30 minutes if you joined the offer before opening.
• Funding: a payment between longs and shorts at each funding time while the position is open. It can go either way and changes every interval.
• Liquidation fee: a percentage of the position's value, plus 18% GST, charged only if Delta liquidates the position.

Trading fees: charged on the leveraged position

position value = margin × leverage  (= lots × contract size × price)
fee per leg    = position value × rate   (BTCUSD: taker 0.05%, maker 0.02%)
charges        = entry fee + exit fee + 18% GST

With the same ₹10,000 of margin, 100× opens a position about 10 times bigger than 10×, and the fee follows it. That is why brokerage looks high next to the margin you put in. The full breakdown, with maker and taker combinations, is in Delta Exchange brokerage charges.

Funding: the cost of holding a perpetual

Perpetual futures never expire, so Delta uses funding to keep their price close to spot. A positive funding rate means longs pay shorts; a negative one means shorts pay longs.

funding payment = position value × funding rate
position value  = lots × contract size × index price
funding rate    = avg. premium + clamp(interest rate − avg. premium, −0.05%, +0.05%)
interest rate   = 0.01% per 8 hours (Delta's current setting)

The average premium is the mark price's premium over the index, measured every minute and averaged over the whole funding interval, so the price at the funding time alone doesn't set the rate. While it is between −0.04% and +0.06%, the rate stays at the 0.01% baseline and longs pay. Above that band longs pay more. Below it the rate falls with the premium: it is zero at an average premium of exactly −0.05%, and negative, so shorts pay longs, only below −0.05%. Delta's own example: long 1,000 BTCUSD lots (1 BTC) with the index at 100,000 and a 0.01% rate pays $10.00 (₹850.00) at one funding time. Delta says funding is peer-to-peer and it charges no fee on it. Funding you receive is added to the position's margin and released when you close.

Sources: Delta India Perpetual Contracts Guide and Funding Exchange Schedule for Perpetual Contracts, checked 2026-10-23.

When funding is charged

Funding is exchanged at fixed times, not by the hour you hold. BTCUSD settles every 8 hours, at 5:30 AM, 1:30 PM, 9:30 PM IST. At each time Delta takes a snapshot of open positions:

• Open at the snapshot: you pay or receive that interval's funding in full, even if you opened a minute earlier.
• Closed before the snapshot: no funding for that interval, however long you held.

Not every contract uses the same interval. From the API snapshot of 2026-10-19:

More funding times don't by themselves mean more funding: Delta's guide says the funding rate on these contracts can be a 4, 2 or 1-hour rate instead of an 8-hour one. Check the interval and the rate on Delta's trading screen before holding a position for days.

What a day of holding costs at each leverage

₹10,000 of margin on BTCUSD at 100,000, taker in and out at the same price after one day, with all 3 funding times at the 0.01% baseline. Only whole lots open, so percentages are of the margin used:

Real funding is different every interval: it can be higher than the baseline, zero or negative, in which case a long is paid. Treat the funding column as an example of scale, not a forecast. At standard rates the trading charges are the same whether you hold for a minute or a week. The exception is Delta's Scalper Offer: if you joined it before opening, a BTCUSD trade closed within 30 minutes pays no closing fee.

Liquidation fee

liquidation fee = liquidation fee rate × position value
total           = liquidation fee × (1 + 18% GST)

1,000 BTCUSD lots at 100,000 ($100,000.00) liquidated, with enough margin left to cover the fee: $50.00 fee + $9.00 GST = $59.00 (₹5,015.00). When the liquidation order fills better than the bankruptcy price, the fee is taken from the margin left in the position; Delta's own example assumes enough is left to cover it. Rates by contract:

Others, max 10× (8 contracts): the fees page lists 1.00% but the API gives 0.50%. Our calculators use the API figure; check with Delta before relying on either.

Source: Delta Exchange fees page, Liquidation Fees tab, checked 2026-10-23; every contract's rate is in the contract specifications. How close liquidation sits at each leverage is in liquidation price vs stop loss.