# Fees

Fees are calculated based on your cumulative trading volume over the past 14 days and are settled daily at 00:00 UTC.\
Referral rewards apply when users reach **$1 billion** in trading volume for the first time, and referral discounts apply when users first reach **$25 million** in trading volume.

Fee tiers for **perpetual contracts** and **spot** are separate. However, trading volumes from both perpetual contracts and spot are combined to determine your fee tier, with spot volume **counted double** in the calculation.

For example:\
(14-day weighted volume) = (14-day perpetual contracts volume) + 2 × (14-day spot volume)

### Perpetual Contracts Fee Tiers

| Tier | 14-Day Volume (USD) | Perpetual Taker Fee | Perpetual Maker Fee |
| ---- | ------------------- | ------------------- | ------------------- |
| 0    | ≤ $5,000,000        | 0.1432%             | 0.1144%             |
| 1    | > $5,000,000        | 0.1384%             | 0.1115%             |
| 2    | > $25,000,000       | 0.1350%             | 0.1080%             |
| 3    | > $100,000,000      | 0.1300%             | 0.1040%             |
| 4    | > $500,000,000      | 0.1280%             | 0.1000%             |
| 5    | > $2,000,000,000    | 0.1260%             | 0.1000%             |
| 6    | > $7,000,000,000    | 0.1240%             | 0.1000%             |

### Spot Fee Tiers

| Tier | 14-Day Volume (USD) | Spot Taker Fee | Spot Maker Fee |
| ---- | ------------------- | -------------- | -------------- |
| 0    | ≤ $5,000,000        | 0.1672%        | 0.1384%        |
| 1    | > $5,000,000        | 0.1576%        | 0.1288%        |
| 2    | > $25,000,000       | 0.1500%        | 0.1200%        |
| 3    | > $100,000,000      | 0.1400%        | 0.1100%        |
| 4    | > $500,000,000      | 0.1350%        | 0.1000%        |
| 5    | > $2,000,000,000    | 0.1300%        | 0.1000%        |
| 6    | > $7,000,000,000    | 0.1250%        | 0.1000%        |

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