> For the complete documentation index, see [llms.txt](https://docs.tread.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tread.fi/tread.fi-institutional-api-docs/account-creation-and-api-key-connection/fees-schedule.md).

# Fees Schedule

The builder code fee applies currently **only** to trades on these perpetual DEXs:

* Extended
* Hyperliquid
* Nado
* Ondo
* Pacifica
* Perpl
* RiseX

Trades on any other exchange not currently mentioned here are **not** charged this fee.

No volume-based fees are applied to trades on Centralized Exchanges (such as Binance, Bybit, among others). 

### Fee schedule

Your fee rate depends on two things: your rolling 14-day trading volume and the amount of TREAD you hold. Your volume sets your base rate. Your TREAD holdings reduce that rate by a fixed percentage.

#### Volume-based fee tiers

Your base rate is set by your rolling 14-day trading volume across the eligible venues listed above. Volume from all five venues is combined into a single total. The more you trade, the lower your rate.

| Tier   | 14-day volume       | Base fee |
| ------ | ------------------- | -------- |
| Tier 0 | Under $1M           | 2.5 bps  |
| Tier 1 | $1M to under $5M    | 2 bps    |
| Tier 2 | $5M to under $10M   | 1.75 bps |
| Tier 3 | $10M to under $50M  | 1.5 bps  |
| Tier 4 | $50M to under $100M | 1.25 bps |
| Tier 5 | $100M and above     | 1 bps    |

New accounts and accounts with no eligible volume start at Tier 0.

#### TREAD holder discounts

Holding TREAD reduces your fee. Your TREAD holdings are captured based on a daily snapshot, not your live balance. The discount applies to your base fee from the volume table.

<table><thead><tr><th>TREAD held</th><th data-type="number">Tier</th><th>Fee discount</th></tr></thead><tbody><tr><td>1,000+</td><td>1</td><td>10%</td></tr><tr><td>10,000</td><td>2</td><td>25%</td></tr><tr><td>100,000</td><td>3</td><td>50%</td></tr><tr><td>1,000,000</td><td>4</td><td>100%</td></tr></tbody></table>

Accounts holding 1,000,000 TREAD or more pay no builder fees.

#### How your final rate is calculated

Final fee = Base fee x (1 − TREAD discount)

Example: You traded $12M in the last 14 days, so you are in Tier 3 at 1.5 bps. You hold 10,000 TREAD, which gives a 25% discount. Your final fee is 1.5 x 0.75 = 1.125 bps.

### Where to see your fee tier and lifetime savings

<figure><img src="https://content.gitbook.com/content/QGcP9MNIBq6caHeVJrjq/blobs/cZiHTfftjrkWBQ3QS7fh/image.png" alt="" width="375"><figcaption></figcaption></figure>

To see your current fee tier and lifetime savings, click on your $TREAD holdings (top right next to the wallet icon).&#x20;

### Additional Caveats

1. Pacifica does not support dynamic bps therefore fees will remain flat at 2bps
2. Ondo fees round to whole basis points, therefore the 10% and 25% tiers don't change the charged fee there.