Perpetual futures fees

When managing, opening, and closing positions, you may incur fees. These include:

Opening and closing fees: There are partner venue maker/taker fees and Robinhood fees associated with opening and closing positions. These are shown as estimated until settlement completes.
Liquidation fees: If your position is partially or fully liquidated due to insufficient margin, the partner venue charges 5 basis points (0.05%) of the total notional liquidated. Robinhood does not collect this fee.
Funding rate fees: Positions will incur funding rate payments or receive funding payments every 8 hours. These are fees paid between long and short positions to help keep the perpetual contract price close to the spot price.

Fee type	Amount/details
Maker/Taker fees	2bps (0.02%) Robinhood maker/taker fee plus a flat 0bp maker/2bps taker venue fee for all trading volume. Maker/taker fees are assessed on the order notional USD value.
Funding rate	Applied every 8 hours; varies by token and direction; funding costs do not apply to positions closed before the end of the funding period
Liquidation fees	5bps (0.05%) of USD notional liquidated for partial or full liquidations

Review Robinhood’s fee schedule for details.

Disclosures

Perpetual futures are complex derivative products, and trading involves significant risk and is not appropriate for all investors, particularly for perpetuals referencing crypto assets which experience volatile price movements. Further, leveraged trading is risky as it can amplify the speed of your losses and increases the chance of you losing all of your initial investment. Please carefully consider if investing in such financial instruments is appropriate for you in light of your specific experience, risk tolerance, and financial situation. Restrictions and eligibility requirements apply.

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