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In the past 2 months, I have read number of literature on market making; however, all of it has not considered transaction fee. Therefore, when implemented, those strategies are all loss-making after transaction fee. Does anyone know if there is any good literature on this topic which has considered transaction fee? Thank you in advance!

Edit 1: for some context, I am doing a research project on marketing making in crypto. So, basically, I am the market maker and will need to pay transaction fees to crypto exchanges.

In the past 2 months, I have read number of literature on market making; however, all of it has not considered transaction fee. Therefore, when implemented, those strategies are all loss-making after transaction fee. Does anyone know if there is any good literature on this topic which has considered transaction fee? Thank you in advance!

In the past 2 months, I have read number of literature on market making; however, all of it has not considered transaction fee. Therefore, when implemented, those strategies are all loss-making after transaction fee. Does anyone know if there is any good literature on this topic which has considered transaction fee? Thank you in advance!

Edit 1: for some context, I am doing a research project on marketing making in crypto. So, basically, I am the market maker and will need to pay transaction fees to crypto exchanges.

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Market making with transaction fee literature

In the past 2 months, I have read number of literature on market making; however, all of it has not considered transaction fee. Therefore, when implemented, those strategies are all loss-making after transaction fee. Does anyone know if there is any good literature on this topic which has considered transaction fee? Thank you in advance!