> For the complete documentation index, see [llms.txt](https://docs.ra.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ra.exchange/introduction-to-ra/dex-functionalities/swaps/swap-fee-structure.md).

# Swap Fee Structure

RA has a competitive fee structure based on the **current market environment**, while also maintaining attractive fee revenue for veRA holders.\
\
**Default fees:**

* Volatile Pair (vAMM) - 0.25% swap fee
* Correlated Pair (cAMM) - 0.01% swap fee

The protocol native pairs (vAMM - RA/wETH) will be set at a 2% swap fee initially, to provide further incentive for users who wish to vote aligned to the protocol's native liquidity.

{% hint style="info" %}
Fees are adjustable by the RA multisig if need be, to ensure the competitiveness and attractiveness for veRA holders. The average ranges\* of each will be around:\
\- Volatile (0.2-2%)\
\- Correlated (0.01%-0.03%)\
\- Native (2%)

\*In the event of extreme market volatility, the RA Reserve can hike the fees past the ranges, within reason. \
\
The theoretical MIN and MAX for the pair fees is (1<= Fee <= 500bps). This means the minimum fee is 0.01%, and the highest is 5.00%.
{% endhint %}


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