> For the complete documentation index, see [llms.txt](https://velocity-1.gitbook.io/velocity-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://velocity-1.gitbook.io/velocity-docs/trading/fees.md).

# Fees

We charge our own Velocity fees, shown in the tables below. On top of those sit the provider and chain fees: what each venue (Hyperliquid, Lighter, Ostium, and others) and the underlying network charges.

No spread, no subscription, no data fees.

## Velocity fees

These are **our** fees: what Velocity charges to route and execute your order. Provider and chain fees (further down) are separate and added on top of the rates below.

Your tier is set by your rolling 30 day weighted volume:

`30 day weighted volume = (30 day perps volume) + 2 × (30 day spot volume)`

Everyone starts at **Standard**. VIP tiers are not automatic. Once your weighted volume passes a tier threshold, apply for that tier and we'll review and upgrade your account.

### Perpetuals

| Tier     | Monthly volume | Taker  | Maker  |
| -------- | -------------- | ------ | ------ |
| Standard | < $10M         | 0.080% | 0.027% |
| VIP 1    | > $10M         | 0.072% | 0.024% |
| VIP 2    | > $50M         | 0.065% | 0.022% |
| VIP 3    | > $200M        | 0.058% | 0.019% |
| VIP 4    | > $1B          | 0.050% | 0.000% |
| VIP 5    | > $4B          | 0.042% | 0.000% |
| VIP 6    | > $14B         | 0.035% | 0.000% |

### Spot

| Tier     | Monthly volume | Taker  | Maker  |
| -------- | -------------- | ------ | ------ |
| Standard | < $10M         | 0.200% | 0.100% |
| VIP 1    | > $10M         | 0.180% | 0.090% |
| VIP 2    | > $50M         | 0.160% | 0.080% |
| VIP 3    | > $200M        | 0.140% | 0.070% |
| VIP 4    | > $1B          | 0.120% | 0.000% |
| VIP 5    | > $4B          | 0.100% | 0.000% |
| VIP 6    | > $14B         | 0.080% | 0.000% |

Taker is when your order crosses the spread. Maker is when your order rests on the book and someone else trades against it.

For **Ostium** markets (forex, commodities, equities, indices), our fee is 0.2% paid into the open price; closes are free. Ostium's own protocol fees are separate. See the Ostium fees section below.

You approve our fee once when you start trading. The signature locks in a cap above which we cannot charge, and we can lower the rate without you signing again. To revoke, go to **Settings → Builder fee → Revoke**.

## Provider & chain fees (added on top)

The rates below are **not ours**. They're charged by the venue or the network and added on top of the Velocity fees above. We pass them through at cost and never mark them up. The fee column on your trade history always reflects the actual total paid; we never under-display.

### Builder-deployed perps (HIP-3)

Markets like `xyz:NVDA`, `para:TOTAL2`, `flx:TSLA` are deployed by a third-party builder and add a deployer fee share on top of the base perp rate. The deployer can configure that share between 0% and 300% of the base (0-100% in growth mode); markets currently in growth mode (`xyz`, `cash`, `flx`, `km`) pay reduced overall rates. The HL fee column on your trade history reflects the actual total paid; we never under-display.

### Ostium fees

Ostium is a separate venue we route trades to (forex, commodities, equities, indices). Ostium charges its own protocol fees on top of our builder fee.

### Chain & network fees

Anything the underlying network charges, for example deposit and withdrawal network fees, is set by the chain, not by us. Hyperliquid charges a flat $1 on withdrawals (we don't add to it). Everything else on Hyperliquid is gasless for you.

## Strategy fees

Run a strategy and you pay:

* The same trading and Velocity fees on every order it places.
* A performance fee on net positive profit when you stop the strategy. It is variable from 0% to 20% of profit depending on the strategy and its configuration.

If the strategy ends in net negative or flat, no performance fee.

## Referrals

Hyperliquid gives new traders a 4% discount on trading fees for the first $25M of volume when a referrer is attached. Sign-ups through Velocity are auto-attached. There's nothing to claim.

Velocity also runs its own rewards program: points on every trade, plus 10% of the points (and, for creators, 10% of the fees) from traders you refer, plus a bonus point for each referred trader. See [Refer and earn](/velocity-docs/referrals/refer-and-earn.md).


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