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

# Fees Calculation

## **How Perpetual Trading Fees are Calculated**

Fee = \
`"Number of contracts * contract value * transaction price * initial fee rate * VIP tier discount * fee discount`

* The initial fee rate depends on whether the user is a taker or a maker after the transaction.\
  The fee rates for takers and makers will vary.
* During the testing period, the VIP tier is not implemented; all users are treated as the same tier.
* Once the official launch occurs, VIP tiers will be introduced based on users' historical trading volume, with corresponding fee discounts.
* Fee discount refers to a 5% discount on fees if the user is invited via an LN Exchange invite link from another user."

## Fees

{% hint style="info" %}
\*The fees may be adjusted.
{% endhint %}

### Spot Trading

| Fees  | %       |
| ----- | ------- |
| Maker | 0.04%\* |
| Taker | 0.05%\* |

### Perpetual Trading

#### USDT-M

<table><thead><tr><th>Fees</th><th>%</th><th data-hidden>BTC-USDT</th></tr></thead><tbody><tr><td>Maker</td><td>0.02%*</td><td></td></tr><tr><td>Taker</td><td>0.05%*</td><td></td></tr></tbody></table>

#### ALTCOIN-M

| Fees  | %       |
| ----- | ------- |
| Maker | 0.04%\* |
| Taker | 0.1%\*  |


---

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