# Fees

Please find all the fee settings below. Mind that they are all adjustable by governance.<br>

| Fee                                                                      | Setting                                                                                                                                                                                                           |
| ------------------------------------------------------------------------ | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| ETH xPOSITION and sPOSITION Opening fee                                  | 0.3%                                                                                                                                                                                                              |
| ETH xPOSITION and sPOSITION Closing fee                                  | 0.1%                                                                                                                                                                                                              |
| BTC xPOSITION  and sPOSITION Opening fee                                 | 0.3%                                                                                                                                                                                                              |
| BTC xPOSITION  and sPOSITION Closing fee                                 | 0.1%                                                                                                                                                                                                              |
| Funding Cost Level I                                                     | AAVE USDC borrowing rate charged on xPOSITIONs only when there is too much fxUSD in the Stability Pool (see [Advanced Peg Protection Mechanisms](/fx-docs/risk-management/advanced-peg-protection-mechanisms.md)) |
| Funding Cost Level II                                                    | AAVE USDC borrowing rate x10 charged on xPOSITIONs only when fxUSD depegs for too long (see [Advanced Peg Protection Mechanisms](/fx-docs/risk-management/advanced-peg-protection-mechanisms.md))                 |
| Funding Cost Level III                                                   | AAVE USDC borrowing rate x10 charged on sPOSITIONS only when a certain threshold of xPOSITION collateral is lent out (See [Risk parameters](/fx-docs/risk-management/risk-parameters.md))                         |
| Rebalance / Liquidation                                                  | 10% of the bounty (see [Risk parameters](/fx-docs/risk-management/risk-parameters.md))                                                                                                                            |
| Unused slippage                                                          | f(x) offers the lowest trading commissions. To compensate for this, any unused slippage will be retained to incentivize stablecoin supply in the Stability Pool. You can set your own slippage.                   |
| Collateral Yield / Funding / fxSAVE harvesting bounty (keeper incentive) | 1% (0.01% for fxSAVE currently)                                                                                                                                                                                   |
| Stability Pool early exit fee                                            | 1%                                                                                                                                                                                                                |
| fxMINT ETH opening fee (of minted debt)                                  | 0.5%                                                                                                                                                                                                              |
| fxMINT ETH closing fee (of repaid debt)                                  | 0.2%                                                                                                                                                                                                              |
| fxMINT BTC opening fee (of minted debt)                                  | 0.5%                                                                                                                                                                                                              |
| fxMINT BTC closing fee (of repaid debt)                                  | 0.2%                                                                                                                                                                                                              |

Want to learn how these fees are redistributed? Take a look at the section below 👇<br>

{% content-ref url="/pages/618YG33YWIhorhBN8YC3" %}
[Protocol Revenue & Distribution](/fx-docs/earn-with-f-x/protocol-revenue-and-distribution.md)
{% endcontent-ref %}


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