> For the complete documentation index, see [llms.txt](https://docs.fwx.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.fwx.finance/protocol-overview/trading-conditions-and-fee.md).

# Trading Conditions & Fee

## Trading Conditions

<table><thead><tr><th width="292">Features</th><th width="243">Minimum Deposit Collateral</th><th>Minimum Contract Size</th></tr></thead><tbody><tr><td><p>Permissionless Listing </p><p>(Leverage DEX)</p></td><td>>1 USD</td><td>No Minimum</td></tr><tr><td><p><a data-footnote-ref href="#user-content-fn-1">Perps Trading</a> </p><p>(Peer-to-Pool)</p></td><td>No Minimum </td><td>>20 USD</td></tr></tbody></table>

There is a minimum margin, maintenance margin, maximum contract size, and maximum P\&L. Traders can view these details on [the Configuration Page of Perpetual Trading](/protocol-overview/perps-trading-peer-to-pool/configuration.md).

## Trading Fee

<table><thead><tr><th width="410">Features</th><th width="122">Avalanche</th><th width="113">Base</th><th>BSC</th></tr></thead><tbody><tr><td>Permissionless Listing (Leverage DEX)</td><td>0.03%</td><td>0.03%</td><td>0.03%</td></tr><tr><td><a data-footnote-ref href="#user-content-fn-1">Perps Trading</a> (Peer-to-Pool)</td><td>0.1%</td><td>0.1%</td><td>0.1%</td></tr><tr><td>FWX DEX (Swap)</td><td>0.1%</td><td>0.25%</td><td>-</td></tr></tbody></table>

### Deposit and Withdrawal Fee (Collateral)

> "There is no protocol fee on any deposit and withdrawal fee"

### Permissionless Listing (Leverage DEX)

In the Leverage DEX model, assets listed via Permissionless Listing have their underlying assets held in the lending pool. These assets are directly swapped on the DEX using the best-rate swap router, which ensures that the swap occurs on the destination DEX with the highest liquidity and lowest price impact. However, traders are **required to pay a swap fee to the destination DEX**.

In addition, **FWX charges a 0.03% fee**, of which 20% is allocated to liquidity providers. This ensures that liquidity providers are rewarded for their contributions to the platform.

Unlike traditional futures markets, there is no funding fee when opening a position in this model. However, users are subject to a borrowing fee, which can be considered similar to the funding fee on centralized futures exchanges. For example, if the annual borrowing APR is 12%, this translates to approximately 0.01% every 8 hours, which can be seen as the funding fee equivalent.

### Perps Trading (Peer-to-Pool)

FWX allocates 80% of the trading fees to the liquidity providers of the Perps Vault. This setup ensures efficient, decentralized trading of major assets while providing liquidity for users to trade with leverage in a secure and transparent environment. The Perps Futures Model is similar to a casino: when players have a 50% chance of winning on a long/short position and the house takes a trading fee, over time, the house will prevail - This will lead to positive expectation in the long-run.

### FWX DEX (Swap)

**FWX DEX** is an Automated Market Maker (AMM) decentralized exchange designed to seamlessly integrate with and support the FWX ecosystem. Inspired by the Uniswap V2 model, FWX DEX provides a straightforward and efficient trading experience for users and liquidity providers

#### No Additional Fees

Unlike other platforms that charge fees beyond standard trading costs, FWX DEX ensures that all trading fees are directly distributed to liquidity providers, with no additional platform fees.

[^1]: FWX also charges a one-time funding fee (OTF), which is described at [Configuration](/protocol-overview/perps-trading-peer-to-pool/configuration.md).


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