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

# Fees

Every fee is paid in USDC and is visible in the ticket before you confirm.

## Perpetuals

| Fee                 | Amount                                                         | When                                                 |
| ------------------- | -------------------------------------------------------------- | ---------------------------------------------------- |
| Taker fee           | 5 bps of the notional                                          | every open and close; 2× outside the regular session |
| Borrow              | per second, up to the market's rate at full utilisation        | while a position is open, settled at close           |
| Funding             | up to the market's rate at full skew, paid by the heavier side | while a position is open, settled at close           |
| Liquidation penalty | 1.5 % of the closed notional, capped by remaining collateral   | on liquidation                                       |
| One-click relay fee | the gas of the action plus a margin, quoted per action         | when the relayer submits for you                     |

Of taker fees and of borrow plus funding, 10 % goes to the insurance vault and 10 % to the protocol treasury. The rest goes to the pool.

## Pools

| Fee                        | Amount                                                                                   | When                                    |
| -------------------------- | ---------------------------------------------------------------------------------------- | --------------------------------------- |
| Mint / burn                | 0 to 80 bps of the value, lower when the request moves the pool toward its target weight | on every executed deposit or withdrawal |
| Index deposit / redemption | none: the index moves USDC into and out of child pools through a fee-free hook           |                                         |

Mint and burn fees stay in the pool.

## Stocks

| Fee          | Amount                              | When                                    |
| ------------ | ----------------------------------- | --------------------------------------- |
| Issuer fee   | about 10 bps, charged by the issuer | on the fill                             |
| Platform fee | 10 bps of the notional              | on a buy or a sell through the terminal |

## What the platform earns

The protocol fee on perpetuals and the platform fee on stock purchases. Dividends are not platform revenue: they stay in the pool for whoever staked the shares. See [Dividends](/protocol/dividends.md).


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.jaawle.xyz/product/fees.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.