Platform Trading Fees
One basis point (bps) is 0.01%. For example, a 5.50 platform fee before any applicable discount. At 2 bps, the platform fee is $2.00.
The 2 bps terminal rate is not a universal rate for every trading bot. Existing account or strategy fee configurations can differ. Check the applicable fee before starting or resuming a strategy.
Builder Authorization Is a Ceiling
The standard builder authorization requests a maximum rate of 0.1% (10 bps). This is permission for a maximum charge, not an upfront payment or the rate charged on every trade. The actual builder fee submitted with an order determines its platform trading fee, within the approved limit. Some account onboarding flows may check an existing approval against their own required minimum. An approval value alone does not establish the fee a strategy will charge.Referral Discounts
Eligible referral discounts reduce the builder fee for supported Owly-managed strategies during the applicable discount window. Discount ratios and duration are configurable; they are not a separate withdrawable rebate. See Referral System.Performance and Management Fees
The current trading flow does not add a platform performance fee or management fee to the builder trading charge. Profitability still depends on trading fees, funding, execution prices, and other costs.Other Costs
The platform trading fee is separate from:- Hyperliquid exchange fees, including maker/taker fees and any applicable exchange fee discounts.
- Perpetual funding payments, which can be paid or received while holding positions.
- Network, bridge, swap, or withdrawal charges associated with moving funds or using external services.
- Borrowing costs when using an On-chain Lending account.