# Trading Fee ## Trading Fees Drake charges up to a **0.1% fee** on the notional value of each trade. **Example:** A 10x leveraged position using 1000 USDC collateral creates a $10,000 position size. The fee is $10 (0.1% of $10,000), deducted from your collateral, leaving you with $990 collateral while maintaining full market exposure. ### VIP Discounts High-volume traders receive reduced fees through Drake's VIP program. Details are available in the VIP program documentation. ### Fee Distribution #### Without Referral * **5%** → Onchain costs (gas, oracles, AA wallets) * **66.5%** → Drake Earn Vault stakers * **28.5%** → Platform operations #### With Referral * **5%** → Onchain costs (gas, oracles, AA wallets) * **57%** → Drake Earn Vault stakers * **19%** → Referral bonus * **19%** → Platform operations --- # Agent Instructions: 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: ``` GET https://docs.drake.exchange/trading/fees/trading-fee.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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.