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

# Fees

> What each trade costs, and what Turbo doesn't charge for.

Turbo charges one fee, per trade. There are no subscriptions or platform charges.

## The trading fee

Every trade has two parts:

| Component          | Rate                  | Who it goes to          |
| ------------------ | --------------------- | ----------------------- |
| Turbo fee          | 0.1% of trade value   | Turbo                   |
| Exchange taker fee | 0.045% of trade value | The underlying exchange |

**Say you trade \$1,000:** that's \$1.00 to Turbo plus \$0.45 to the exchange — \$1.45 all in. Closing the position is a trade too, so the full round trip costs about \$2.90.

Fees are charged in USD and shown on each order before you confirm it.

## Funding is not a fee

Holding a position also involves funding: a small hourly payment between traders on the long and short sides of a market, which keeps the contract price tracking the asset. Depending on which side you're on, you either pay it or receive it — and it never goes to Turbo. See [Funding](/funding) for how it works.

## What Turbo doesn't charge for

* No subscription and no account fee.
* No charge to hold a balance or keep positions open (funding aside, see above).
* No spread markup — orders execute against a live order book at the prices shown in it. Turbo's charge is the fee above, not something embedded in the price.

## Related

* [Order types](/order-types) — how orders execute against the order book.
* [Deposits and withdrawals](/deposits-withdrawals) — moving money in and out.