> For the complete documentation index, see [llms.txt](https://docs.atoma.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.atoma.fi/using-atoma/fees.md).

# Fees

| Fee         | Rate                                                                   |
| ----------- | ---------------------------------------------------------------------- |
| Deposit     | 0%                                                                     |
| Management  | 0%                                                                     |
| Performance | 20% of trading gains above the high-water mark and 20% of venue points |
| Withdrawal  | 0.5%, deducted at claim                                                |

## Performance fee on trading gains

The fee is 20% of gains above the high-water mark: the share price after the last fee charge. After a loss, no fee is charged until the share price is back above the mark. It is charged weekly, before every deposit and at settlement on withdrawn shares. The fee is paid to Atoma in vault shares.

**Example**

* High-water mark 1.00. The share price rises to 1.05 before the fee.
* The fee is 0.01 per share. The share price becomes 1.04, and so does the high-water mark.
* The share price falls to 1.01, then recovers to 1.03. No fee: 1.03 is below the mark.

## Performance fee on venue points

20% of the points earned by the vault go to Atoma. The other 80% are distributed to depositors in proportion to their shares over time.

## Withdrawal fee

0.5% of the withdrawn amount, deducted when you claim. Example: [Withdrawals](/using-atoma/withdrawals.md#example).