> For the complete documentation index, see [llms.txt](https://docs.bean.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bean.exchange/trading-perp/fees/trading-fee-and-price-impact.md).

# Trading Fee & Price Impact

**Trading Fees**

* **Opening/Closing Positions**: 0.04% or 0.06% of position size
  * 0.04% if trade balances long/short ratio
  * 0.06% if trade imbalances pool
* **Swap Fees**:
  * Regular tokens: 0.05% or 0.07%
  * Stablecoins: 0.005% or 0.02%
  * Lower fee when balancing pool

**Price Impact**

* **Positive Impact**:
  * Occurs when trade balances pool
  * Better entry/exit price than market
  * Increases tokens received in swaps
  * Example: Opening long when shorts > longs
* **Negative Impact**:
  * Occurs when trade imbalances pool
  * Worse entry/exit price than market
  * Decreases tokens received in swaps
  * Example: Opening long when longs > shorts
* **Calculation**: Based on pool balance and trade size
* **Visibility**: Always displayed in interface before trade execution

**Price Impact Rebates**

* **Threshold**: Each market has maximum acceptable price impact (\~1%)
* **Rebate Process**:
  * Close position with >1% negative impact
  * Excess impact becomes claimable after \~10 days
  * Example: 3% impact → 2% rebate claimable
* **Purpose**: Protect traders during high volatility, prevent manipulation
* **Scope**: Only applies to closing/decreasing positions