# Fees

### Fee Structure

Trading fees are calculated based on a rolling 30 day trading volume. At 0000 UTC every 24 hours, a snapshot of your trading activity over the last 30 days is taken, and your trading volume is computed.&#x20;

#### Tiers for all users:

<table><thead><tr><th width="161.75">User Tier</th><th>Perps Volume (30D)</th><th width="166.53125">Taker Fee</th><th>Maker Fee</th></tr></thead><tbody><tr><td>Standard User</td><td>&#x3C;=$5,000,000</td><td>0.055%</td><td>0.02%</td></tr><tr><td>VIP 1</td><td>>$5,000,000</td><td>0.05%</td><td>0.018%</td></tr><tr><td>VIP 2</td><td>>$10,000,000</td><td>0.045%</td><td>0.016%</td></tr><tr><td>VIP 3</td><td>>$50,000,000</td><td>0.04%</td><td>0.014%</td></tr><tr><td>VIP 4</td><td>>$100,00,000</td><td>0.03%</td><td>0.01%</td></tr><tr><td>VIP 5</td><td>>$500,000,000</td><td>0.02%</td><td>0.005%</td></tr></tbody></table>

#### Upcoming Tiers: Market Makers Program

<table><thead><tr><th>User Tier</th><th>Maker Volume (30D)</th><th width="159">Taker Fee</th><th>Maker Fee</th></tr></thead><tbody><tr><td>MM 1</td><td>>1%</td><td>0.025%</td><td>-0.001%</td></tr><tr><td>MM 2</td><td>>2%</td><td>0.020%</td><td>-0.002%</td></tr><tr><td>MM 3</td><td>>3%</td><td>0.015%</td><td>-0.004%</td></tr><tr><td>MM 4</td><td>>4%</td><td>0.010%</td><td>-0.005%</td></tr><tr><td>MM 5</td><td>>10%</td><td>0.010%</td><td>-0.010%</td></tr></tbody></table>

### Fee Mechanics

At the time of the trades, trades will incur a standard maker and taker fee based on Standard User Tier. If you are eligible for a higher tier, the difference in fees is paid out as rebates. Rebates are paid out once every 24 hours and are settled in USDC. At 0000 UTC every 24 hours, a snapshot of your trading activity over the last 30 days is taken, and your trading volume is calculated.&#x20;
