# Trading Fees
Trading fees are proportional to the position size and are applied when a position is opened or closed.
* Taker orders incur a 0.05% fee.
* Maker orders have no fees.
We also offer a VIP Fee Structure where the fees charged on taker orders are discounted further based on the wallet’s “Kana” Tokens holdings and 14-day trading volume. Here’s a detailed breakdown of the same -
* VIP0: $3M volume – Taker fee 0.03% (0.015% with KANA + referral discount)
* VIP1: $3M + 10K KANA – Taker fee 0.025% (0.0125% with KANA + referral)
* VIP2: $10M + 40K KANA – Taker fee 0.02% (0.01% with KANA + referral)
* VIP3: $25M + 100K KANA – Taker fee 0.015% (0.007% with KANA + referral)
* VIP4: $100M + 200K KANA – Taker fee 0.01% (0.005% with KANA + referral)
* VIP5: $500M + 300K KANA – Taker fee 0.005% (0.0025% with KANA + referral)
* VIP6: $1B + 500K KANA – Taker fee 0.002% (0.001% with KANA + referral)
* VIP7: $1.5B + 700K KANA – Taker fee 0.0015% (0.0007% with KANA + referral)
* VIP8: $2B + 1M KANA – Taker fee 0.001% (0.0005% with KANA + referral)
* VIP9: $5B + 1.5M KANA – Taker fee 0.0005% (0.00025% with KANA + referral)
> Maker fees are always 0% and higher KANA holdings equals lower fees. Note the discount for Kana holdings is applicable post TGE
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