How pricing works on Kyron

01

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.

02

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.

When you buy, the fee is collected in shares — you receive slightly fewer shares than the quantity displayed, which is why your ticket shows an estimated delivery figure below the raw amount. When you sell, the fee is deducted from your USDC proceeds. In both cases the price you see is the price you trade at; the fee is never an extra charge on top.

03

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. Your ticket shows the estimated delivery in shares so you know exactly how many you'll receive. As Kyron's own market-making grows, more orders fill on our book at the fee described above.

04

Sells#

Selling works the same way: the price you see is the price you trade at. A small fee is deducted from your USDC proceeds, so the amount you receive is a touch below the gross value. Your ticket shows the estimated proceeds so you know the net amount before you confirm.