# Fees

### Spot Fees

<figure><img src="https://648953540-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FYi7R7aICYPBVuitHcLHc%2Fuploads%2FBUmdPDfud5Um3UOWZ6wk%2Fimage.png?alt=media&#x26;token=98c24330-08c4-492c-b1b9-b68b2be7e2fe" alt=""><figcaption></figcaption></figure>

Trading fees are based on total volume, with higher volumes unlocking lower fee tiers. At Level One, accounts under $1M in traded volume pay 0.95%, while progressively higher tiers reduce fees to as low as 0.25% for volumes above $10M.

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### Perps Fees

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