> 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/trading-terminal/fees-funding.md).

# Fees and funding rate

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

<table data-view="cards"><thead><tr><th></th><th></th></tr></thead><tbody><tr><td><strong>0.01%</strong></td><td>Maker</td></tr><tr><td><strong>0.03%</strong></td><td>Taker</td></tr><tr><td><strong>Variable</strong></td><td>Funding rate</td></tr></tbody></table>

<figure><img src="/files/jA8TsjiwZ9UbUq0qBbEk" alt=""><figcaption><p>The funding rate and the countdown to the next payment, in the terminal header</p></figcaption></figure>

***

## 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, such as a limit order waiting to be filled   |
| **Taker** | 0.03% | Orders that remove liquidity, such as a market order that fills at once |

**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)

{% hint style="info" %}
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.
{% endhint %}

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.

***

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

Next: [Finding your way around](/hashhedge-user-guide/account-and-payouts/account-tour.md).


---

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