# Fees

### Spot Fees

Trading fees are based on total volume, with higher volumes unlocking higher cash backs, lowering the net effective fee.&#x20;

#### Stable Coin and Native Transactions

There is a fixed 0.05% fee for stable coin to stable coin transactions (ex. USDC to USDT) and for stable to native asset transactions (ex. BNB -> USDT) regardless of tier. There are no fee kickbacks on stable coin transactions or stable to native, native to stale transactions. Users still earn 0.5X points on this volume.&#x20;

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### Perps Fees

Perps fees are based entirely on your Hyperliquid and Aster tier.&#x20;