# Fees

### Overview

All trading fees consist of three main components:

* **Open/Close Fees** - Charged when opening or closing positions
* **Margin Fees** - Continuous fees on open positions based on utilization
* **Swap Fees** - Applied when using different collateral assets

***

{% stepper %}
{% step %}

### Pool 1: Crypto Assets

**Supported**: BTC, ETH, SOL, ZEC, BNB

#### Open/Close Fees

* **Applied**: On both position opening and closing

#### Supported Markets & Fees

| Market | Open/Close Fee                                                                                                    |
| ------ | ----------------------------------------------------------------------------------------------------------------- |
| SOL    | 0.051% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.045%) |
| BTC    | 0.051% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.045%) |
| ETH    | 0.051% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.045%) |
| ZEC    | 0.2% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.176%)   |
| BNB    | 0.1% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.088%%)  |

#### Margin Fees

* **Rate**: Variable based on pool utilization
* **Cap**: 90% utilization maximum
* Calculated by the formula below:

  $$
  MarginFee/Hr = \frac{\text{Utilization %}}{\text{100%}}(\frac{\text{Step2%}}{hour}) :\ \text{ Utilization %} \geq \text{72%}
  $$

> **Note**: Utilization ≥ 72% triggers higher rates

#### Swap Fees

Applied when using non-native collateral:

* Calculated by the formulas below:

$$
SwapFee\_{total}=SwapFee\_{paying}+BaseFee\_{paying}
$$

**Fee Parameters**:

| Component     | Rate    |
| ------------- | ------- |
| Fee Target    | 0.00075 |
| Fee Max       | 0.0015  |
| Base Fee      | 0.0002  |
| {% endstep %} |         |

{% step %}

***

### Pool 2: Synthetic Assets

**Supported**: EUR, GBP, Gold, Silver, Crude Oil

#### Open/Close Fees

* **Applied**: On both position opening and closing

#### Supported Markets & Fees

| Market    | Open/Close Fee                                                                                                    |
| --------- | ----------------------------------------------------------------------------------------------------------------- |
| FX        | 0.030% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.026%) |
| Metals    | 0.10% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.088%)  |
| Crude Oil | 0.150% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.132%) |

#### Margin Fees

* Same structure as Pool 1 (Crypto Assets)
* Utilization-based dynamic rates
  {% endstep %}

{% step %}

***

### Pool 3: Solana Assets

**Supported**: JUP, JTO, KMNO, RAY, PYTH, W

#### Open/Close Fees

* **Applied**: On both position opening and closing

| Market | Open/Close Fee                                                                                                   |
| ------ | ---------------------------------------------------------------------------------------------------------------- |
| JUP    | 0.11% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.097%) |
| JTO    | 0.11% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.097%) |
| RAY    | 0.11% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.097%) |
| KMNO   | 0.2% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.176%)  |
| 2Z     | 0.2% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.176%)  |
| MET    | 0.2% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.176%)  |
| PYTH   | 0.11% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.097%) |

#### Swap Fees

* Calculated by the formulas below:

$$
SwapFee\_{total}=SwapFee\_{paying}+SwapFee\_{receiving}+BaseFee\_{paying} +BaseFee\_{receiving}
$$

**Fee Parameters**:

| Component     | Rate     |
| ------------- | -------- |
| Fee Target    | 0.001125 |
| Fee Max       | 0.00225  |
| Base Fee      | 0.0003   |
| {% endstep %} |          |

{% step %}

***

### Pools 4+ : Meme Assets

**Supported**: BONK, WIF, PENGU, SAMO, FARTCOIN

#### Open/Close Fees

* **Applied**: On both position opening and closing

| Market   | Open/Close Fee                                                                                                                                                   |
| -------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| PUMP     | 0.12% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.106%)                                                 |
| PENGU    | 0.12% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.106%)                                                 |
| BONK     | 0.12% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.106%)                                                 |
| WIF      | 0.12% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.106%)                                                 |
| FARTCOIN | 0.12% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.106%)                                                 |
| SAMO     | 0.17% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.15%) (<mark style="color:$danger;">Deprecated</mark>) |

#### Margin & Swap Fees

* **Margin**: Same as Pool 1
* **Swap**: Same formula as Pool 3
  {% endstep %}

{% step %}

***

### Pools X : Equities Assets

**Supported**: TSLAr, SPYr, CRCLr, MSTRr, NVDAr

#### Open/Close Fees

* **Applied**: On both position opening and closing

| Market | Open/Close Fee                                                                                                   |
| ------ | ---------------------------------------------------------------------------------------------------------------- |
| TSLAx  | 0.10% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.088%) |
| SPYx   | 0.10% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.088%) |
| NVDAx  | 0.10% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.088%) |
| AMDx   | 0.10% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.088%) |
| APPLx  | 0.10% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.088%) |
| AMZNx  | 0.10% ([Giga Chad](https://docs.flash.trade/flash-trade/faf-token/reward-utility-and-governance#utility) 0.088%) |

#### Margin & Swap Fees

* **Margin**: Same as Pool 1
* **Swap**: Same formula as Pool 3
  {% endstep %}
  {% endstepper %}

### Token Pool Compositions

{% tabs fullWidth="false" %}
{% tab title="FLP.1" %}

<table><thead><tr><th>TOKEN</th><th width="149">Target ratio</th><th width="133">Min ratio</th><th>Max ratio</th></tr></thead><tbody><tr><td>JitoSOL</td><td>23.50%</td><td>14%</td><td>45%</td></tr><tr><td>BTC</td><td>22.50%</td><td>15%</td><td>40%</td></tr><tr><td>USDC</td><td>45%</td><td>15%</td><td>55%</td></tr><tr><td>SOL</td><td>3%</td><td>0.10%</td><td>45%</td></tr><tr><td>ETH</td><td>3%</td><td>1%</td><td>12%</td></tr><tr><td>ZEC</td><td>3%</td><td>1%</td><td>12%</td></tr></tbody></table>
{% endtab %}

{% tab title="FLP.2" %}

<table><thead><tr><th>TOKEN</th><th width="149">Target ratio</th><th width="133">Min ratio</th><th>Max ratio</th></tr></thead><tbody><tr><td>USDC</td><td>100%</td><td>0.10%</td><td>100%</td></tr><tr><td>XAUt</td><td>100%</td><td>0.01%</td><td>100%</td></tr></tbody></table>
{% endtab %}

{% tab title="FLP.3" %}

<table><thead><tr><th>TOKEN</th><th width="149">Target ratio</th><th width="102">Min ratio</th><th>Max ratio</th></tr></thead><tbody><tr><td>JUP</td><td>20%</td><td>10%</td><td>40%</td></tr><tr><td>JTO</td><td>20%</td><td>10%</td><td>40%</td></tr><tr><td>USDC</td><td>30%</td><td>10%</td><td>80%</td></tr><tr><td>RAY</td><td>10%</td><td>5%</td><td>40%</td></tr><tr><td>KMNO</td><td>8%</td><td>2%</td><td>20%</td></tr><tr><td>2Z</td><td>5%</td><td>2%</td><td>20%</td></tr><tr><td>MET</td><td>5%</td><td>2%</td><td>20%</td></tr><tr><td>PYTH</td><td>2%</td><td>0.10%</td><td>10%</td></tr></tbody></table>
{% endtab %}

{% tab title="FLP.4" %}

<table><thead><tr><th width="247">TOKEN</th><th width="145">Target ratio</th><th width="100">Min ratio</th><th>Max ratio</th></tr></thead><tbody><tr><td>PUMP</td><td>30%</td><td>0.01%</td><td>100%</td></tr><tr><td>BONK</td><td>20%</td><td>0.01%</td><td>100%</td></tr><tr><td>PENGU</td><td>20%</td><td>0.01%</td><td>100%</td></tr><tr><td>USDC</td><td>30%</td><td>0.01%</td><td>100%</td></tr></tbody></table>
{% endtab %}

{% tab title="FLP.5" %}

| TOKEN        | Token Ratio | Min Ratio | Max Ratio |
| ------------ | ----------- | --------- | --------- |
| WIF          | 70%         | 1%        | 100%      |
| USDC         | 30%         | 1%        | 100%      |
| {% endtab %} |             |           |           |

{% tab title="FLP.6" %} <mark style="color:$danger;">Pool is Deprecated</mark>

| TOKEN        | Token Ratio | Min Ratio | Max Ratio |
| ------------ | ----------- | --------- | --------- |
| SAMO         | 70%         | 1%        | 100%      |
| USDC         | 30%         | 1%        | 100%      |
| {% endtab %} |             |           |           |

{% tab title="FLP.7" %}

| TOKEN        | Token Ratio | Min Ratio | Max Ratio |
| ------------ | ----------- | --------- | --------- |
| FARTCOIN     | 70%         | 1%        | 100%      |
| USDC         | 30%         | 1%        | 100%      |
| {% endtab %} |             |           |           |

{% tab title="FLP.8" %}

| TOKEN        | Token Ratio | Min Ratio | Max Ratio |
| ------------ | ----------- | --------- | --------- |
| ORE          | 70%         | 1%        | 100%      |
| USDC         | 30%         | 1%        | 100%      |
| {% endtab %} |             |           |           |

{% tab title="FLP.r" %}

| TOKEN         | Token Ratio | Min Ratio | Max Ratio |
| ------------- | ----------- | --------- | --------- |
| SPYr          | 50%         | 10%       | 95%       |
| USDC          | 50%         | 10%       | 95%       |
| {% endtab %}  |             |           |           |
| {% endtabs %} |             |           |           |

***

### Margin Fee Rates by Asset

{% tabs %}
{% tab title="Major" %}

| Asset        | ≤ Optimal Utilization | > Optimal Utilization |
| ------------ | --------------------- | --------------------- |
| BTC          | 30%                   | 105%                  |
| SOL          | 56%                   | 105%                  |
| ETH          | 30%                   | 105%                  |
| {% endtab %} |                       |                       |

{% tab title="Synthetic" %}

<table><thead><tr><th width="259.15625">Asset</th><th>≤ Optimal Utilization</th><th>> Optimal Utilization</th></tr></thead><tbody><tr><td>Metals/FX/Commodities</td><td>175.2%</td><td>175.2%</td></tr></tbody></table>
{% endtab %}

{% tab title="Solana Ecosystem" %}

| Asset        | ≤ Optimal Utilization | > Optimal Utilization |
| ------------ | --------------------- | --------------------- |
| JUP          | 140%                  | 175%                  |
| JTO          | 140%                  | 175%                  |
| KMNO         | 140%                  | 175%                  |
| RAY          | 140%                  | 350%                  |
| 2Z           | 140%                  | 175%                  |
| PYTH         | 140%                  | 175%                  |
| {% endtab %} |                       |                       |

{% tab title="Meme Tokens" %}

| Asset        | ≤ Optimal Utilization | > Optimal Utilization |
| ------------ | --------------------- | --------------------- |
| BONK         | 140%                  | 250%                  |
| WIF          | 140%                  | 250%                  |
| PENGU        | 140%                  | 350%                  |
| TRUMP        | 140%                  | 350%                  |
| SAMO         | 140%                  | 250%                  |
| {% endtab %} |                       |                       |

{% tab title="Stablecoins" %}

| Pool         | ≤ Optimal Utilization | > Optimal Utilization |
| ------------ | --------------------- | --------------------- |
| Pool 1       | 28%                   | 35%                   |
| Pool 3       | 35%                   | 50%                   |
| Pool 4+      | 50%                   | 100%                  |
| {% endtab %} |                       |                       |

{% tab title="Equities" %}

| Pool          | ≤ Optimal Utilization                                                                                       | > Optimal Utilization                                                                                      |
| ------------- | ----------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------- |
| Pool X        | <p>0.0159% hourly at optimal utilization (≤72%)<br>(<mark style="color:$primary;">140% annually</mark>)</p> | <p>0.0239% hourly at max utilization (>72%)</p><p>(<mark style="color:$primary;">210% annually</mark>)</p> |
| {% endtab %}  |                                                                                                             |                                                                                                            |
| {% endtabs %} |                                                                                                             |                                                                                                            |

### Fee Calculation Formulas

#### Swap Fee Components

* Details on the components of the Swap Fee are below. FeeMin is always 0.

$$
SwapFee\_{paying}=M(Ratio)+b \ M = \frac{Fee\_{target}-Fee\_{min}}{Ratio\_{target}-Ratio\_{min}} \ b=Fee\_{min}-M(Ratio\_{min})
$$

### USDC Special Fee Structure

| Component             | Fixed Fee |
| --------------------- | --------- |
| Add/Mint Liquidity    | 0 bps     |
| Remove/Burn Liquidity | 15 bps    |

***

{% hint style="warning" %}

### Important Notes

> ⚠️ **Utilization Cap**: All pools maintain a 90% utilization cap to ensure liquidity provider withdrawals remain possible.

> 📊 **Dynamic Pricing**: All swap fees are calculated dynamically based on current pool ratios and target balances.

> 🔄 **Real-time Updates**: Margin fees are calculated and charged continuously based on current utilization rates.
> {% endhint %}


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