> For the complete documentation index, see [llms.txt](https://flipper-3.gitbook.io/flipper-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://flipper-3.gitbook.io/flipper-docs/faq/fees-and-risk-faq.md).

# Fees & Risk FAQ

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<summary><mark style="color:$primary;">What fees does Flipper charge?</mark></summary>

Flipper may charge trading fees when you open or close a position and a separate Stop-out Protection fee when that feature is enabled.

Before you confirm a trade, Flipper displays the estimated costs. These may include Flipper fees, fees charged by the DEXs used for execution, Stop-out Protection fees where applicable, and network transaction costs.

The final cost can depend on the market, order size, selected route, and the venues used to execute your trade.

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<summary><mark style="color:$primary;">Is funding a Flipper fee?</mark></summary>

No. Funding is not a Flipper fee.

Funding is part of perpetual futures trading. It is paid between long and short traders depending on market conditions and the venue where the position is executed.

Because Flipper routes trades through external perp venues, funding may depend on the underlying DEX or route used for your position.

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<summary><mark style="color:$primary;">What are the main risks of leverage?</mark></summary>

Leverage lets you open a larger position with less collateral, but it also increases both potential gains and potential losses.

If the market moves against the position, losses can grow quickly and move it closer to Flipper's stop-out conditions or the external venue's liquidation threshold.

The main risks include market volatility, stop-out or external venue liquidation, slippage, funding costs, and changes in available liquidity.

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<summary><mark style="color:$primary;">How can I reduce stop-out and liquidation risk?</mark></summary>

Use lower leverage, avoid oversized positions, maintain sufficient collateral, and monitor your position health and risk levels.

You can also use Stop Loss orders when available and reduce or close the position before it reaches a critical level.

Stop-out Protection may provide an additional layer of protection, but it does not replace active risk management and cannot guarantee that external venue liquidation will be avoided.

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