# Fees

### Overview

Hibachi’s volume-based fee tier system rewards active traders with lower fees as their trading volume increases.

Your tier is determined by your 14-day rolling trading volume. As you trade, your volume automatically updates and your tier adjusts accordingly.

### How It Works

Fees are assessed daily at 00:00 UTC, based on your rolling 14-day perpetual trading volume. Your new fee tier, determined by that calculation, takes effect around 03:00 UTC.

Any trades executed between 00:00 UTC and \~03:00 UTC will still use your previous day’s tier, but those trades will count toward the following day’s rolling volume update.

All sub-accounts share the same fee tier as the master account, and sub-account volumes are aggregated toward your total. Vault trading volume is treated separately and does not count toward your master account’s fee tier.

### Fee Tiers

| Tier | 14-Day Rolling Volume (USD) | Maker Fee | Taker Fee |
| ---- | --------------------------- | --------- | --------- |
| 1    | 0                           | 0.000%    | 0.045%    |
| 2    | > $5,000,000                | 0.000%    | 0.038%    |
| 3    | > $10,000,000               | 0.000%    | 0.036%    |
| 4    | > $25,000,000               | 0.000%    | 0.034%    |
| 5    | > $50,000,000               | 0.000%    | 0.032%    |
| 6    | > $250,000,000              | 0.000%    | 0.025%    |
| 7    | > $500,000,000              | 0.000%    | 0.020%    |
| 8    | > $2,000,000,000            | 0.000%    | 0.000%    |

Note:\
All thresholds are based on your total executed perpetual trading volume in USD equivalent.

### Fee Settlement

Trading fees are automatically deducted upon execution and settled in USDT. Fee tiers update daily at 03:00 UTC, reflecting your trading activity over the previous 14 days.

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