# Fees

## Fees

<table data-header-hidden><thead><tr><th>Fee Tier</th><th>Requirements</th><th width="150">Taker</th><th>Maker</th></tr></thead><tbody><tr><td>Fee Tier</td><td>Requirements</td><td>Taker</td><td>Maker</td></tr><tr><td>0</td><td>Hold &#x3C;100 SRM</td><td>4 bps</td><td>0 bps</td></tr><tr><td>1</td><td>100 SRM</td><td>3.9 bps</td><td>0 bps</td></tr><tr><td>2</td><td>1,000 SRM</td><td>3.8 bps</td><td>0 bps</td></tr><tr><td>3</td><td>10,000 SRM</td><td>3.6 bps</td><td>0 bps</td></tr><tr><td>4</td><td>100,000 SRM</td><td>3.4 bps</td><td>0 bps</td></tr><tr><td>5</td><td>1m SRM</td><td>3.2 bps</td><td>0 bps</td></tr><tr><td>6</td><td>1 MSRM</td><td>3 bps</td><td>0 bps</td></tr></tbody></table>

Trading fees are incurred when an order is executed.

### Fees in the Serum ecosystem currently work as follows:

* 20% of net fees go to the project or GUI hosting the activity
* 80% of fees go to buy and burn of SRM


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.projectserum.com/appendix/fees.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.