> For the complete documentation index, see [llms.txt](https://docs.hello.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hello.trade/about/trading/trading-fees.md). # Trading Fees Now that Alpha 2.0 is underway, **Growth Mode fees** will soon take effect on all crypto and RWA perpetuals markets. These fees are competitive, lower than typical CEX fees and will apply for a limited time. As Alpha 2.0 progresses, we'll introduce a **Standard fee schedule** for crypto perpetuals markets, while RWA perpetuals will remain on Growth Mode fees. Fee schedules may evolve further as we continue through Alpha, Beta and beyond. ### Fee Tiers: Growth Mode (Alpha)

Tier	14-day Perpetual Futures Volume ($)	Maker Fees	Taker Fees
0	≥ $0	0.000% (0 bps)	0.040% (4 bps)
1	≥ $5m	0.000% (0 bps)	0.035% (3.5 bps)
2	≥ $10m	0.000% (0 bps)	0.030% (3 bps)
3	≥ $50m	0.000% (0 bps)	0.025% (2.5 bps)
4	≥ $500m	0.000% (0 bps)	0.020% (2 bps)
5	≥ $1bn	0.000% (0 bps)	0.015% (1.5 bps)

## How Fees Are Applied The tier zero fee will be charged when you make a trade, with a rebate issued so that your final effective fee matches the rates above, in line with your trading volume. Following a future planned upgrade, the fee rates above will apply directly at trade execution, eliminating the need for rebates.