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

# Fee & Tier

### Trading Fee

When you open or close a position, you’ll pay a fee based on your position size and your tier level. The fee is taken from your balance in this order: L-USDT > USDT, USDC > other assets > C-USDT. 

If your position gets liquidated (margin call), there’s no fee for closing it.

| Tier   | 30D Volume | L-USDT bonus | C-USDT bonus | Fee (Taker) | Fee (Maker) |
| ------ | ---------- | ------------ | ------------ | ----------- | ----------- |
| Newbie |            | 5            | 0.1          | 0.050%      | 0.020%      |
| Rookie | 100,000    | 10           | 1            | 0.045%      | 0.018%      |
| Degen  | 500,000    | 20           | 3            | 0.040%      | 0.016%      |
| Pro    | 2,000,000  | 50           | 10           | 0.035%      | 0.014%      |
| Elite  | 10,000,000 | 100          | 20           | 0.030%      | 0.012%      |
| Legend | 50,000,000 | 500          | 100          | 0.025%      | 0.01%       |

\*L-USDT is used to cover your trading fee.

\*C-USDT can be used as collateral for trading (LTV = 1, and cannot be withdrawn)

***

### Liquidation Fee

There is no liquidation fee on Hopium.

***

### Funding Rate

The funding fee is calculated based on the basic funding rate and the ratio of Long and Short positions open on Hopium. The basic funding rate is referenced from major exchanges (like Binance).

When the funding rate is negative:

* Dump positions pay the funding fee.
* Pump positions receive the funding fee.

When the funding rate is positive:

* Pump positions pay the funding fee.
* Dump positions receive the funding fee.