> For the complete documentation index, see [llms.txt](https://docs.hyperionx.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.hyperionx.xyz/perpetual-contract/fees/execution-fee.md).

# Execution Fee

Execution fees are collected at the time of opening a position and are fixed.

1. Fee Rate: Currently set at 2.5 USDC.
2. Recipient: Vault.
3. Collection Method: Deducted from the Exchange Wallet. If One-Click Trade is enabled, it will be deducted from the 1CT wallet.
4. This fee is charged at the time of order submission. Users have the option to reclaim this fee by canceling the order.