> For the complete documentation index, see [llms.txt](https://leverup.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://leverup.gitbook.io/docs/trading/fee-breakdown/zero-fee-perpetuals.md).

# 🈚 Zero-Fee Perpetuals

### Why Zero Fee?

In traditional perpetual exchanges, whether CEXs or on-chain AMMs, traders are charged fees regardless of performance:

* Fixed opening and closing fees
* Borrowing fees
* Funding payments
* Slippage costs
* Liquidation risks amplified by fee decay

This means even if your position is flat or slightly negative, you still pay

The system penalizes traders before they even start to win

Data across major perp platforms shows that over 90% of traders lose money, and yet they are still charged fees on every action

We believe this is fundamentally misaligned with traders’ interests

### Introducing Zero-Fee Perpetuals

LeverUp’s Zero-Fee on high leverage mechanism adopts a simple principle:

#### **If PnL < 0 → You pay 0 fees**

No opening fee.

No closing fee.

No borrow fee.

No hidden carry cost.

When a position closes with profit, traders share only a  portion of the gains with the protocol.

LeverUp uses a profit-sharing curve where traders keep a higher percentage of profits as their PnL increases, at low PnL, the protocol takes a slightly larger share; as profits grow, the trader’s share rises rapidly, The model is designed so that traders who generate stronger performance retain the majority of their upside, reinforcing the core principle:

#### Win More Keep More

***

Zero-Fee Perpetuals create a fairer, more capital-efficient model designed specifically for active, high-leverage traders on Monad

[Fee Breakdown](/docs/trading/fee-breakdown.md)