# Trade Fees and Funding
There are 2 types of fees when trading: **Trade Fee** incurred when a trader’s order is executed, and **Funding** (financing) incurred when a position is carried into a new funding period.
## **Trade fee**
When an order is executed on the market it will be charged a trade fee depending on the [Order Type](https://help.margex.com/help-center/leverage-trading-guide/orders-positions/order-types) used:
Taker Fee (Market Orders)
Maker Fee (Limit Orders)
0.060%
0.019%
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**Maker Fee** is charged when adding liquidity to the order book by placing a delayed order that is not matched immediately against an order on the order book: i.e [Limit orders](https://help.margex.com/help-center/leverage-trading-guide/orders-positions/order-types#limit-order) placed below the current price for a BUY order or above the current price for a SELL order. This includes conditional [Take Profit](https://help.margex.com/help-center/leverage-trading-guide/orders-positions/order-types#stop-loss-and-take-profit) orders.
**Taker fee** is charged when removing liquidity from the order book by placing an order that is matched immediately against an order already on the order book: i.e [Market orders](https://help.margex.com/help-center/leverage-trading-guide/orders-positions/order-types#market-order) or conditional orders that convert to a market order when executed, such as a [Stop-Market](https://help.margex.com/help-center/leverage-trading-guide/orders-positions/order-types#stop-market-order) and [Stop Loss](https://help.margex.com/help-center/leverage-trading-guide/orders-positions/order-types#stop-loss-and-take-profit).
> A trade fee is incurred anytime that a trader’s order is executed on the market, i.e. when **opening** and when **closing** a position.
## **Funding**
**Funding** (financing) is incurred anytime that a position is carried into a new **8-hour funding period** - past 00:00, 08:00 and 16:00 UTC. A position that is closed before the next funding rollover will not be charged.
{% hint style="info" %}
Estimated Funding Rates:\
\
\- Longs: -0.12%\
\- Shorts: -0.12%
**Actual funding rates incurred may vary depending on your order size, total market exposure, market volatility and the ratio of Longs/Shorts.**\
\
Fees and funding are always calculated based on the full order size.
{% endhint %}
The **funding countdown timer** is reflected on the [Trade](https://margex.com/app/trade) page, above the trading chart. Once the timer reaches 00:00, funding will be incurred for any open position and a new funding period will begin:
