> ## Documentation Index
> Fetch the complete documentation index at: https://docs.momentrates.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# Fees

> Two fees, both already included in every number the app shows.

Moment has two fees. Every rate and amount in the app already includes them. Both go to the protocol owner.

| Fee | Who pays | How much |
| - | - | - |
| **Performance fee** | Everyone holding a TimeBalance or LP tokens | 5% of the yield you earn, and of vault extras such as points |
| **Taker fee** | Fixed and Leverage traders | 0.5% of the rate |
| Maker fee | No one | 0% |
| Converting to or from vault shares (wrap / unwrap) | No one | No Moment fee |

## Taker fee: 0.5% of the rate

The fee nudges the rate a little against the trader:

* **Fixed:** you get the maker's rate × 0.995. A 5.26% bid gives you 5.23%.
* **Leverage:** you pay the maker's rate ÷ 0.995. A 5.30% ask costs you 5.33%.

![A Fixed taker receives the maker's rate times one minus f; a Leverage taker pays the maker's rate divided by one minus f; makers keep their spread](https://mintcdn.com/moment-0fa29e7e/56i_Vda3i0jcVF4_/images/fee.webp?fit=max\&auto=format\&n=56i_Vda3i0jcVF4_\&q=85\&s=e598b0302e64758586b48a20fb5189d6)

Traders pay 0.5% of the rate. Makers keep their full rate.

Closing before the maturity is a Fixed or Leverage trade in reverse through the book, so it pays the same 0.5%. Let the position reach its maturity and there is no fee at all: Fixed has realised all its yield and is plain balance, and a Leverage window has run down to 0 with its yield already in your balance.

It is charged on the interest, not on the full trade size. For example, a \$1M Fixed trade for one month at 5% pays about \$21 in fees.

## Makers pay nothing

Limit and Recursive providers keep their full rate and their full spread.

The fee is not a share of the LP's spread. A one-sided Limit order has no spread to take a share of, so Moment charges the taker directly instead. That way Limit and Recursive liquidity are charged the same way.

## Not Moment fees

* **Vault fees** belong to the vault and are already in its price.
* **Network gas** is shown in your wallet.


## Related topics

- [Limit bid](https://docs.momentrates.xyz/use-the-app/limit-bid.md)
- [Limit ask](https://docs.momentrates.xyz/use-the-app/limit-ask.md)
- [How it works](https://docs.momentrates.xyz/for-builders/how-it-works.md)
- [FAQ](https://docs.momentrates.xyz/good-to-know/faq.md)
- [Strategy maths](https://docs.momentrates.xyz/for-builders/strategy-maths.md)


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