> For the complete documentation index, see [llms.txt](https://docs.kinto.xyz/kinto-the-modular-exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kinto.xyz/kinto-the-modular-exchange/user-guides/hyperliquid/fees.md).
# Fees
Hyperliquid's standard fee is 0.035% for market orders and 0.01% for limit orders. Kinto users get a 4% reduction on these fees. You can read more about Hyperliquid fees [here](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees).
As a standard, Kinto charges a 5bps fee on trades until a user hits $5m in trading volume; on Kinto the more you trade the less fees you pay. Volume is calculated over a 14 day rolling period. The table below illustrates the fee tiers relative to volume.
In addition, **Engen holders get a lifetime 10% discount on Kinto's trading fees.**
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