# Fees (/docs/risex/trading/fees)

import { Callout } from 'fumadocs-ui/components/callout';

<Callout type="warn">
  Details on this page are being finalised and are subject to change prior to launch.
</Callout>

## Fee Schedule

| Trader Type       | Taker Fee     | Maker Fee                 |
| ----------------- | ------------- | ------------------------- |
| **Click Traders** | 2 bps (0.02%) | -0.5 bps (-0.005%) rebate |
| **API Traders**   | 2 bps (0.02%) | 0 bps                     |

**Note**: 1 basis point (bp) = 0.01%. Fees are subject to change.

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## Get Paid to Trade

Click traders receive a **maker rebate** for adding liquidity. When your limit order rests on the book and gets filled, you earn 0.5 bps instead of paying fees.

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## Trader Types

### Click Traders

Default tier for all users trading via the UI. Optimized for retail experience with maker rebates to encourage limit orders.

### API Traders

For algorithmic traders, market makers, and HFT strategies. Must register via the API to access this tier. Lower latency access with zero maker fees.

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## Fallback Fees

Orders submitted directly via RPC (bypassing the RISEx API) incur higher fees:

| Method     | Taker Fee | Maker Fee |
| ---------- | --------- | --------- |
| Direct RPC | 100 bps   | 100 bps   |

This is an activity we want to discourage initially. This fee will be reduced over time as we build out more robust API access and monitoring.

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## Liquidation Fees

A **1% fee** is charged on liquidated notional value. This fee goes to the protocol and helps maintain exchange solvency.