# Cashback Structure

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To aid in intuitive understanding, the table below is based on a scenario where a trader executes a **crypto position of $1 million**. Additionally, it assumes that Feeturn holds the **highest referral tier** in each Perp DEX.

However, it's important to note that Feeturn is still in its early stages and **has not yet achieved the highest referral tier**. Therefore, the **Cashback received by Feeturn customers and the final fees paid may differ from the examples in the table**.

Of course, Feeturn is **determined to reach the highest Tier as quickly as possible**, and the contents of this table will soon become a reality.
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<table><thead><tr><th></th><th width="149">GMX v1</th><th>GMX v2</th><th>gTrade(Gains)</th><th>Gambit</th></tr></thead><tbody><tr><td>Opening Fee</td><td>0.1%</td><td>0.07%</td><td>0.08%</td><td>0.04%</td></tr><tr><td>Closing Fee</td><td>0.1%</td><td>0.07%</td><td>0.08%</td><td>0.04%</td></tr><tr><td><strong>Trading Volume</strong></td><td><strong>$1,000,000</strong></td><td><strong>$1,000,000</strong></td><td><strong>$1,000,000</strong></td><td><strong>$1,000,000</strong></td></tr><tr><td>Total Fees</td><td>$2,000</td><td>$1,400</td><td>$1,600</td><td>$800</td></tr><tr><td>User<br>Cashback</td><td>$210</td><td>$147</td><td>$140</td><td>$210</td></tr><tr><td><strong>Final Fees</strong></td><td><strong>$1,790</strong></td><td><strong>$1,253</strong></td><td><strong>$1,460</strong></td><td><strong>$590</strong></td></tr></tbody></table>