> For the complete documentation index, see [llms.txt](https://docs.level.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.level.finance/tutorials/trading-tutorials/fee.md). # Fee * **Position fee**: 0.05% of position size * **Execution fee**: fee paid to the network to execute your trade * **Swap fee**: ranging from 0% to 0.65% depending on the pool weight of the asset used for collateral * **Borrowing fee**: calculated dynamically based on the asset utilization rate Opening or closing a position incurs a 0.05% fee based on the Position Size of the trade. Once a request has been made to open, close, or edit (deposit/withdraw) a position, keepers execute the actual trade in a separate transaction. This second transaction incurs an ‘Execution Fee’, paid to the network, and is displayed in the trade confirmation box. Depending on the trade opened, a specific type of collateral is required (ETH for ETH longs, BTC for BTC longs, and USDT for any shorts). If you open a position with a different collateral asset than that required, the collateral will be automatically swapped, incurring a regular swap fee. Depending on each LEVEL Liquidity Pool's current and target weights, this swap fee can range from 0 - 0.65% of the Collateral Size. A borrowing fee is also applied to open positions, paid every hour and calculated dynamically based on the asset utilization rate up to a maximum borrowing fee of 0.01% per hour at 100% utilization. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.level.finance/tutorials/trading-tutorials/fee.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.