> For the complete documentation index, see [llms.txt](https://docs.avantisfi.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.avantisfi.com/trading/fees.md). # Fees **Fee Overview** Fees are calculated on your notional size, not your collateral. Notional = collateral x leverage. **Opening and closing: maker and taker pricing** Every market wants balance between longs and shorts. The commission you pay depends on which side of that balance your trade lands: * Trade toward balance, joining the lighter side, and you pay the lower maker rate * Trade away from balance, adding to the heavier side, and you pay the higher taker rate * A large trade that pushes the market past balance pays a blend of the two The same logic applies when you close. A close that restores balance is cheaper than one that skews it further. [Rates vary by market](/trading/fees/fee-schedule-by-asset-class.md). **Zero commission on real-world assets** Equities, forex, commodities and indices trade with zero maker and taker fees while these markets are in growth mode. Holding costs and spread still apply. **Ongoing costs (Net Rate)** Two small costs accrue while a position stays open: * Funding: the heavier side of the market pays the lighter side. You can earn this. See Funding Fees * Borrow: the cost of the leverage itself. [Read more](/trading/fees/net-rate-funding-+-borrow.md) **Other charges** * Upside Perps skip all upfront fees and charge only on profits. See [Upside Perps](/trading/upside-perps.md) Most of every fee goes to the liquidity vault that takes the other side of your trades. **Fees** Avantis has two fee models. Standard markets charge a small commission plus a holding cost. Upside Perps drop the commission and take a share of profit instead, only when you win. Every fee is charged on your position size, collateral times leverage, and every number is shown in the app before you confirm. Example: 100 USDC at 20x is a 2,000 USDC position, so a 0.045% commission on it is 1 USDC. **Fixed fee trading** The standard model, on every market: * Fees is charged at open and at close. Rates are maker and taker: balance the market and you pay the lower maker rate, lean it further and you pay the higher taker rate. See Maker and Taker Fees. Real world assets trade with zero commission while in growth mode * Funding, while you hold. One rate per side, shown on every market as Funding (L/S). It combines the balance payment between longs and shorts with the cost of your leverage, and depending on your side it can pay you. Rates track the most liquid venues in the world for each market, which is why holding a position here costs less than you are used to. See Funding Fees
**Upside Perps** The second model, available on crypto majors. No commission to open, none to close. Win, and a small share of the profit is the fee. Lose, and you pay no trading fee at all. Funding still accrues while you hold. The full breakdown lives in Upside Perps. **Where fees go** Most of every fee goes to the vault that takes the other side of your trades and pays out your wins. The rest funds the protocol and AVNT governance staking. Note - To unlock higher discounts tiers, stake $AVNT in [Avantis Security Module](/avnt-token/staking-security-module.md).