> For the complete documentation index, see [llms.txt](https://arbital-1.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://arbital-1.gitbook.io/docs/trading/fee-structure.md).

# Fee Structure

## Trading in the terminal

Every trade in the Arbital terminal costs a flat 0.5%. That is Arbital's only fee. Depending on the asset and venue, your trade may also include small costs that go to the network, not to Arbital - things like slippage (the price moving slightly while your order fills), liquidity pool fees, and network priority fees. These exist on every trading platform; Arbital does not add anything on top of its flat fee.

## Automated strategies

These fees apply to the trading volume your bots generate, and vary by venue.

**Total Fees Paid =** Exchange Maker Fee + Arbital Builder Fee

Arbital charges a builder fee on executed volume. The rate depends on the exchange:

| Exchange    | Arbital Builder Fee |
| ----------- | ------------------- |
| Hyperliquid | 1 bps (0.01%)       |
| Decibel     | 1 bps (0.01%)       |
| Pacifica    | 1 bps (0.01%)       |
| Extended    | 1 bps (0.01%)       |
| GRVT        | 1 bps (0.01%)       |
| Hotstuff    | 1 bps (0.01%)       |
| Ondo        | 1 bps (0.01%)       |
| Hibachi     | 0 bps (free)        |
| Paradex     | 0 bps (free)        |
| Risex       | 0 bps (free)        |
| Phoenix     | 0 bps (free)        |

Exchange maker fees still apply on all exchanges that charge them, regardless of Arbital's builder fee.

### Example

**If you trade on a 1 bps exchange:**

* Exchange maker fee = 1.5 bps
* Arbital builder fee = 1.0 bps
* **Total cost = 2.5 bps**

This means: every $1M in volume will cost around \~$250 in fees paid.

**If you trade on a 0 bps exchange:**

* Exchange maker fee = 1.5 bps
* Arbital builder fee = 0 bps
* **Total cost = 1.5 bps**

Every $1M in volume costs \~$150, paid entirely to the exchange.