# Fees 

## Swapping Fees

The business model is simple—**8 basis points fee per parent order, charged sequentially for each child order transaction.**

* **8bps means 0.08%.**
* *ex: for a $10000 order of 8 rounds, that's $8 total, and each transaction costs $1.*

Dexible takes its fees from the [Approved Vault Fee Token](https://dexible.gitbook.io/dexible/dxbl/dxbl-and-proof-of-trade-litepaper) in the swap pair *(ex: swapping a long tail moonshot asset for USDC, Dexible will take USDC as the fee token)*.

Dexible delivers the most value for its traders. 

* Traders take home more output than other aggregators. On average, **traders incur 30% less slippage**, meaning **nearly at least 3% improved output** than the next closest alternative. 
* Other platforms *charge higher bps* (like MetaMask).
* Other platforms *capture the trader's positive slippage* (like 1inch).
* Other platforms *don't have robust conditional orders* (like Kyberswap and Paraswap).
* Dexible has a 95%+ transaction success rate, whereas the industry average is closer to 78%.

## Gas Fees

Dexible will perform some wizadry to estimate the gas fee for successful strategy execution. The gas fee, computed off-chain, will be expressed in fee-token and native currency units. Because it's computed off-chain, the estimate's accuracy may not align with actual gas fees on-chain. Sometimes it will be higher, sometimes lower.

Notes:

* Pre-October 2022, Dexible charged flat fees at different rates per each chain. Based on community feedback, we shifted to a volume-based fee structure so that smaller portfolios could benefit from Dexible's automation.
* Pre-February 2023, Dexible charged 8bps in the highest liquid token of the swap pair. Likely, this would involve a Stablecoin, a wrapped native token, or any token with the highest liquidity in the swap pair. This shifted to protocol fees expressed in the Approved Vault Token in the pair.