> For the complete documentation index, see [llms.txt](https://docs.yellow.pro/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.yellow.pro/fees/trading-fees.md).

# Trading Fees (Maker & Taker)

Yellow\.pro charges a trading fee when your order is **filled** on a Spot or Perpetual market. The amount depends on your [VIP tier](/fees/vip-tiers.md) and whether your order acts as a maker or taker.

## How Trading Fees Are Calculated

`Fee = Fill Value × Fee Rate`, where `Fill Value = Price × Size`.

> **Example:** buy 1 ETH at 2,000 USDT with a 0.1% taker fee → Fill Value = 2,000 USDT, Fee = 2,000 × 0.001 = **2 USDT**.

Fees are charged **only on filled orders** — cancelled or unfilled orders cost nothing, and partial fills are charged only on the filled portion. The fee currency differs by market:

* **Spot** — charged in the asset you **receive**: the base asset when you buy (e.g. ETH on an `ETH-USDT` buy), the quote asset when you sell (e.g. USDT on an `ETH-USDT` sell).
* **Perpetuals** — charged in the **quote currency** (e.g. USDT).

## Maker vs Taker

Your rate depends on whether your order adds or removes liquidity:

* **Maker** — adds liquidity by resting in the order book (e.g. a limit buy below the market, or a limit sell above it). **Lower fee.**
* **Taker** — removes liquidity by filling immediately against existing orders (market orders, or limit orders that match an existing price). **Slightly higher fee.**

Order type doesn't always decide this: a limit order placed away from the market is usually a maker, but a limit order placed at a matching price fills instantly as a taker.

{% hint style="info" %}
At higher VIP tiers, Perpetual maker fees fall — reaching **0%** at VIP 4 and above. See [VIP Tiers & Fee Discounts](/fees/vip-tiers.md).
{% endhint %}

## Spot vs Perpetual

Spot trading has slightly higher fees than Perpetual trading. Your exact maker and taker rates on both markets are set by your **VIP tier** — see the full schedule in [VIP Tiers & Fee Discounts](/fees/vip-tiers.md).

## Important Things to Know

* **Funding fees are separate** — Perpetual traders also pay [funding fees](/fees/funding-fees-explained.md) (every 8 hours).
* **Your VIP tier updates automatically** as your trading activity or $YELLOW balance changes.
* **No separate $YELLOW discount** — your savings come from your VIP tier, not from paying fees with $YELLOW. See [$YELLOW Token & Fee Discounts](/fees/yellow-token-fee-discount.md).
* The fee you pay is divided internally afterwards — see [Fee Split Explained](/fees/fee-split.md).

## Where to Check Your Fees

View exact fees in your trade history — Spot at `yellow.pro/spot/orders?tab=trades`, Perpetual at `yellow.pro/perps/orders?tab=trades`. Each trade shows the fee type (maker or taker), the amount charged, and the executed price and size.

## Related Articles

* [VIP Tiers & Fee Discounts](/fees/vip-tiers.md)
* [Funding Fees Explained](/fees/funding-fees-explained.md)
* [Fee Split Explained](/fees/fee-split.md)