# Fees

Fees are an important aspect of perpetual futures trading, as they can have a significant impact on a trader's profitability.

Prodigy uses a maker-taker fee model to determine trade fees for participants.

## Order types

There are two types of orders on Prodigy:

### Maker order

A *Maker Order* is an order that is not executed or matched immediately with a buyer's (or seller's) order on the order book, which adds liquidity.

### Taker order

A *Taker Order* is an order that is executed or matched immediately with a buyer's (or seller's) order on the order book, which removes liquidity.

Funding fees are charged periodically to ensure that the perpetual contract remains in line with the underlying market price. These fees are paid by traders who hold positions and recieved by those who hold short positions. The amount of funding fee depends on the difference between the perpetual contract price and the underlying asset price, as well as the prevailing interest rates.

Trading fees are charged every time a trader executes a trade. These fees can be either a fixed percentage of the trade size or a variable percentage based on the volume of the trade. Trading fees are charged by the platform that facilitates the trading of perpetual futures contracts, and can vary depending on the platform and the type of perpetual contract being traded.

Traders should carefully consider the fees associated with different platforms and contracts, as well as their own trading strategies and risk tolerance, when deciding where and how to trade perpetual futures contracts.

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