exec(Q1): correct maker-fee sign — +2.00 bps COST not rebate (BingX neg=debit); + omp navigation map
omp's raw VST capture is correct (2.00 bps = exactly BingX 0.02% published maker rate). Sign was inverted: BingX reports commission negative for a DEBIT, so -0.001291 USDT is a fee PAID, not a rebate. Refutes SPEC §0 '1 bp maker' assumption (real = 2 bp); maker-both RT ~4 bp vs taker ~10 bp — savings case survives, no rebate. Adds EXEC_NAVIGATION_MAP_FOR_OMP.md to bound omp's searches to prod/bingx/ (was grepping Nautilus framework internals). Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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# BingX VST Maker Fee Measurement
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> ## ⚠ VERIFIED VERDICT (Fable, 2026-07-14) — the fee is **+2.00 bps (a COST), not a rebate**
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>
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> omp's raw capture below is **correct and valuable**; only the *sign interpretation* is wrong.
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> BingX reports `commission` with a **negative sign to denote a debit** (money leaving your
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> account) — the opposite of Binance. `commission: "-0.001291"` therefore means the account
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> **paid** 0.001291 USDT, i.e. a **fee of +2.00 bps**, not a −2.00 bps rebate.
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>
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> Two independent proofs it is a cost, not a rebate:
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> 1. **Magnitude is exactly BingX's published maker rate.** `0.001291 / 6.45475 = 0.020001%`
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> = **0.02%** to five figures — the standard tier-0 BingX perp maker fee. No venue *pays*
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> a 2 bp maker rebate at retail tier.
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> 2. **The repo's own friction kernel treats commission as additive cost.** `prod/bingx/friction.py:196`
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> `net_friction_quote = actual_fee_quote + slippage`; the live-sweep doc reports
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> `Total captured fees $2,595.69 = sum(commission_quote)` as fees the venue **captured from us**.
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>
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> **Corrected economics for the spec:** the §0 savings table assumed **1 bp** maker. Measured is
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> **2 bp** maker. Maker-both round-trip = **~4 bp** (2+2) vs taker round-trip **~10 bp** (5.016×2).
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> The savings case **survives** (~6 bp/RT saved) but the per-side maker number **doubles vs the
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> assumption** — it is NOT a 3× improvement, and there is **no rebate**. Update SPEC §0 accordingly.
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> _(n=1; a second fill still worth capturing to confirm.)_
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**Timestamp:** 2026-07-14T19:18:28.479849+00:00
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**Order Details:**
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@@ -14,14 +35,14 @@
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- Fill Price: 64547.5
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- Fill Quantity: 0.0001
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- Notional: 6.45475 USDT
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- Commission: -0.001291 USDT
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- Commission: -0.001291 USDT ← BingX sign convention: **negative = debit (a cost we paid)**
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**Measured Fee: -2.000077462333940121615864286 bps**
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**Measured Maker Fee: +2.00 bps** (magnitude `2.000077…` bps; sign corrected from omp's `-2.00 bps`)
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**Comparison:**
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- Assumption (maker): 1 bp
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- Assumption (maker), SPEC §0: 1 bp → **REFUTED, real is 2 bp (2× the assumption)**
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- Measured taker baseline: 5.016 bps
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- This measurement: -2.000077462333940121615864286 bps
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- This measurement (maker): **+2.00 bps cost** (= BingX published 0.02% maker rate, confirmed)
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**Raw Venue Response:**
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```json
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