# Fees

Imperial's fees are simple and transparent:

* Swap fee: 10 bps on collateral
* Platform fee: 0-5 bps on collateral depending on net position size

Users still pay the underlying fees of the venue they are trading on.

## Swap Fee

Imperial uses [Titan](https://titan.exchange/), Solana's superior swap aggregator, for all swaps to get the best price. Oracle based platforms require swaps for most pairs on longs, shorts are denominated in USDC and don't require a swap. Oracle based platforms on Imperial include:

* Jupiter
* Flash Trade
* GMTrade

Platforms charge as much as 30 bps to swap against their LP pool; Imperial charges a flat 10 bps & gets the best price for the asset; often incurring negative slippage, making the trader money back.

## Platform Fee

Fees accrue by position size and are charged by brackets, i.e. every user's first $1000 of a position aren't charged fees.

| Position Size | Fee Rate |
| ------------- | -------- |
| $0-$1k        | 0 bps    |
| $1k-$10k      | 1 bps    |
| $10k-$500k    | 5 bps    |
| $500k-$2M     | 2 bps    |
| $2M+          | 0 bps    |


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