# Fee Rates

Traders are divided into market takers and market makers. Whenever an order is filled, a transaction fee is generated.

* Market takers are traders who find liquidity and immediately take liquidity. They are subject to Taker fees.
* Market makers provide liquidity and increase the depth of the order book. They are subject to Maker fees.
* The fees are deducted from the frozen margin but do not affect the initial margin of the order.
* Traders can view the transaction fees generated in their trading history.

Note: The following rates apply to all non-VIP users. For more details about VIP rates, please refer to the MUFEX tiered fee structure, coming soon. Fee Structure:

| **Taker Fee Rate** | **Maker Fee Rate** |
| ------------------ | ------------------ |
| 0.06%              | 0.03%              |

**Formula:**&#x20;

Fee = Position Value × Fee Rate&#x20;

Position Value = Position Quantity × Execution Price



Here's an example:&#x20;

Trader A places a market order to buy 10 BTC contracts.&#x20;

Trader B places a limited order to sell 10 BTC contracts.&#x20;

Assuming the execution price is 18,000 USDT:&#x20;

Taker Fee for Trader A = 10 × 18000 × 0.06% = 108 USDT&#x20;

Maker Fee for Trader B = 10 × 18000 × 0.03% = 54 USDT

Therefore, upon order execution, Trader A will pay a Taker fee of 108 USDT, and Trader B will pay a Maker fee of 54 USDT.
