specification: FinOps Framework
specificationVersion: '1.0'
schema: https://www.finops.org/framework/
provider: LBank
providerId: lbank
created: '2026-06-13'
modified: '2026-06-13'
reconciled: true
tags:
  - FinOps
  - FOCUS
  - Cryptocurrency
  - Exchange
  - Trading
description: >-
  FOCUS-aligned FinOps for LBank: API connectivity is free; cost is incurred as per-transaction
  maker/taker fees on executed spot trades. The standard rate is 0.10% per side. VIP tiers with
  reduced rates are available for high-volume traders. ETF/leveraged token trading follows the
  same fee structure. No API call fees or subscription costs are assessed.
sources:
  - https://www.lbank.com/en-US/docs/
  - https://github.com/LBank-exchange/lbank-official-api-docs
alignedWith:
  framework: FinOps Foundation Framework
  frameworkUrl: https://www.finops.org/framework/
  dataSpec: FOCUS
  dataSpecVersion: '1.3'
  dataSpecUrl: https://focus.finops.org/focus-specification/v1-3/
publisherName: LBank Digital Asset Exchange
serviceCategory: Financial Services / Trading
billingModel:
  pricingCategory: Take Rate (Tiered)
  billingFrequency: Continuous Settlement (per trade)
  billingCurrency: USD equivalent (settled in traded asset)
  chargeCategories:
    - Usage
    - Adjustment
    - Refund
focusColumns:
  ServiceName: LBank
  ServiceCategory: Financial Services
  ProviderName: LBank
  PublisherName: LBank Digital Asset Exchange
  InvoiceIssuerName: LBank Digital Asset Exchange
  BillingCurrency: USD equivalent
  ChargeCategory: Usage
meters:
  - name: spot_trades
    unit: transaction
    aggregation: sum
    dimensions:
      - symbol
      - side
      - maker_or_taker
  - name: spot_volume
    unit: USD equivalent
    aggregation: sum
    dimensions:
      - symbol
      - side
  - name: etf_trades
    unit: transaction
    aggregation: sum
    dimensions:
      - symbol
      - side
      - maker_or_taker
  - name: withdrawal_fees
    unit: asset_amount
    aggregation: sum
    dimensions:
      - asset
      - network
  - name: api_requests
    unit: request
    aggregation: sum
    dimensions:
      - endpoint_group
      - api_key
principles:
  - name: Visibility
    description: >-
      Pull trade and fee details via the transaction history and order history REST endpoints
      to reconcile executed trades and associated fees. Monitor withdrawal fee charges via the
      withdrawal history endpoint.
  - name: Allocation
    description: >-
      Use separate API keys per trading strategy or team to attribute API usage and
      resulting trades to specific cost centers. Query per-key order and transaction history
      for cost allocation.
  - name: Optimization
    description: >-
      Pursue VIP tier qualification for reduced maker/taker fees by increasing 30-day trading
      volume. Prefer maker-side liquidity (limit orders that rest on the book) over taker-side
      (market orders that remove liquidity) to minimize fees at the standard 0.10% rate.
      Consolidate trading activity under a single account to maximize volume toward VIP tiers.
  - name: Accountability
    description: >-
      Assign owners per trading strategy and monitor fee spend against trade PnL. Alert on
      rate limit errors (code 10004) to prevent operational disruptions. Reconcile on-exchange
      fee charges against expected rates to detect discrepancies.
maintainers:
  - FN: Kin Lane
    email: kin@apievangelist.com