> 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/trading-fee.md).

# Trading Fee

Transaction fees refer to the costs associated with opening and closing positions. Optimized according to industry standards, the following fee structure has been established:

* Standard Opening and Closing Position Fee Rate: 0.08%.
* Recipient: Vault

Hyperion Exchange sets VIP levels for users based on their perpetual contract trading volume over the past 30 days. Each VIP level is eligible for corresponding transaction fee reductions.The specific rules are as follows:

| 0 | <=50,000    | 0%  | 0.080% |
| - | ----------- | --- | ------ |
| 1 | >50,000     | 5%  | 0.076% |
| 2 | >500,000    | 10% | 0.072% |
| 3 | >2,500,000  | 15% | 0.068% |
| 4 | >5,000,000  | 30% | 0.056% |
| 5 | >10,000,000 | 50% | 0.040% |
| 6 | >25,000,000 | 80% | 0.016% |

Calculation of VIP Level: Calculated daily at 0:00 (UTC+0).

1. Transaction Fee = Position Size \* Opening Price \* Opening/Closing Fee Rate
2. The fee rate may vary for each trading pair. For specifics, please refer to the perpetual contract specifications.
3. Method of Collection: Fees are primarily deducted from the Exchange wallet. If the balance in the Exchange wallet is insufficient, the fees are recorded in the margin and deducted collectively at the time of position closing.

**Case**

| Trading Pair | ETH          |
| ------------ | ------------ |
| FeeRate      | 0.08%        |
| Price        | 2500 USD/ETH |
| Size         | 4 ETH        |
| Position     | 10000 USD    |
| Trading Fee  | 8 USD        |

<br>