> For the complete documentation index, see [llms.txt](https://hashhedge.gitbook.io/hashhedge-user-guide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hashhedge.gitbook.io/hashhedge-user-guide/en/trading-module/fees-and-funding-rate.md).

# Fees and Funding Rate

Two kinds of cost apply when you trade: trading fees and the funding fee.

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## Trading fees (maker and taker)

Trading fees are charged on the **total position size, including leverage** — both when you open and when you close a position.

| Fee       | Rate  | Charged on                                                                |
| --------- | ----- | ------------------------------------------------------------------------- |
| **Maker** | 0.01% | Orders that add liquidity — e.g. a limit order waiting to be filled       |
| **Taker** | 0.03% | Orders that remove liquidity — e.g. a market order that fills immediately |

**Example.** You open a $10,000 position with 1:5 leverage, so the total size is $50,000.

* Maker fee: $50,000 × 0.01% = **$5**
* Taker fee: $50,000 × 0.03% = **$15**

## Funding fee (funding rate)

The funding fee is a periodic payment that keeps the futures price in line with the spot market price. It's exchanged **between traders**, not paid to the platform.

The rate is variable and depends on market sentiment:

* If more traders are **long**, the rate is **positive** — longs pay shorts.
* If more traders are **short**, the rate is **negative** — shorts pay longs.

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The funding fee affects your **Balance** when it's accrued or deducted. Keep it in mind when holding positions over time.