# 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