> ## Documentation Index > Fetch the complete documentation index at: https://docs.ownit.xyz/llms.txt > Use this file to discover all available pages before exploring further. # Fees > The evaluation fee, simulated trading fees by asset class, funding, and what is free. One fee is paid to OWNIT; it's the evaluation fee. Trading and funding fees are simulated and come off your account balance, to reflect real trading costs. OWNIT does not collect them. ## Fee structure | Fee | Paid from | Rate | Applies to | | - | - | - | - | | Evaluation fee | You, at purchase | By tier; see [Choose an evaluation](https://docs.ownit.xyz/getting-started/choosing-a-challenge.md) | Once, at purchase. Refunded for the first account qualifying for a payout | | Maker | account balance | By asset class, see below | Limit orders that rest on the book, including reduce-only limit orders that close a position | | Taker | account balance | By asset class, see below | Market orders, trigger orders, and limit orders that cross the spread | | Funding | account balance | Varies by market, hourly | Open positions only for one hour or more | ### Trading fee rates | Asset class | Maker | Taker | | - | - | - | | Crypto | 1 bps · 0.01% | 3 bps · 0.03% | | Equities | 1 bps · 0.01% | 3 bps · 0.03% | | FX, commodities, indices | 0.1 bps · 0.001% | 0.7 bps · 0.007% | `fee = size × fill price × rate` Trading fees are deducted from your balance on every fill. They reduce equity, so they count toward the loss limits. For maker and taker fees, every position is charged twice: once on the order that opens it, once on the order that closes it. Opening and closing 1 BTC at \$60,000 costs \$36 with market orders in and out, or \$12 with limit orders that rest on the book both ways. ## Maker or taker Every position is charged twice: an opening fee on the order that opens it, then a closing fee on the order that closes it. Each pays maker or taker depending on how it fills. To close at the maker rate, use a reduce-only limit order that rests on the book. Budget the round trip, not one leg. ## Worked examples | Trade | Fee | | - | - | | Market buy 1 BTC at \$60,000 | 1 × 60,000 × 0.03% = \$18.00 | | Limit buy 0.5 ETH at \$3,000, rests then fills | 0.5 × 3,000 × 0.01% = \$0.15 | | Stop-loss sell 10 SOL at \$150 | 10 × 150 × 0.03% = \$0.45 | | Close a \$20,000 crypto position at market | 20,000 × 0.03% = \$6.00 | | Close a \$20,000 crypto position with a reduce-only limit, rests then fills | 20,000 × 0.01% = \$2.00 | | Market buy a \$100,000 S\&P 500 position | 100,000 × 0.007% = \$7.00 | Round trip on 1 BTC at \$60,000, opened and closed at the same price: | Round trip | Opening fee | Closing fee | Total | | - | - | - | - | | Market in, market out | \$18.00 taker | \$18.00 taker | \$36.00 | | Limit in, market out | \$6.00 maker | \$18.00 taker | \$24.00 | | Limit in, reduce-only limit out | \$6.00 maker | \$6.00 maker | \$12.00 | The Order panel shows the fee for the order you are about to place, which is one leg. The position needs to cover both before it is in profit. ## Funding Funding is a payment between longs and shorts that keeps the perpetual price near spot. | Detail | Behavior | | - | - | | When | Every hour, on the hour, UTC | | Who pays | Positive rate: longs pay shorts. Negative rate: shorts pay longs | | Amount | position notional × hourly rate | | Applies to | Open positions at the funding time. Resting orders pay nothing | The current rate for each market is the 1H Funding column on the Markets screen. Funding paid or received is shown on the position row and settles into balance. ## Other costs | Item | Cost | | - | - | | Paying the evaluation fee | None from OWNIT; Solana network fee when you send USDC | | Payouts | None; network fee sponsored | | Inactivity | None | | Data, platform, monthly | None | | Payout limits | \$20 minimum; \$10,000 a day during private beta | ## Questions > [accordion] Do fees count toward the max daily loss? > > Yes. Fees come off balance and equity on each fill. > [accordion] Do I pay fees on a losing trade? > > Yes. Fees are on notional, not on profit. > [accordion] Does closing pay maker or taker? > > Taker for market closes, stop losses, take profits, and Close All. Maker for a reduce-only limit order that rests on the book until it fills. > [accordion] Can I avoid funding? > > Close before the hour, or hold no position across it. Leverage is a separate limit: [Leverage](https://docs.ownit.xyz/trading/leverage.md). Rates are Hyperliquid's and can change; the Order panel shows the current fee before you confirm. This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.