# Liquidation Fees When positions get liquidated, a liquidation fee is charged to the user that gets liquidated. There are different liquidation fees, depending on the underlying assets: * Tier 1 perpetuals: 1% * Tier 2 perpetuals: 3% * Pre Launch Markets: 5% * Options: 0.5% Perpetuals tiers are based on conditions such as global market liquidity and CEX/DEX availability of the underlying. #### **Example Scenario** Symbol: ETH-30DEC22-1500-C Type: ETH Call Option Underlying: ETH Current Price: $2000 Strike Price: $1500 Quantity: 1 contracts Expiration Date: December 30, 2022 User A is short 1 contract of ETH-30DEC22-1500-C, which is currently in-the-money. Because User A runs out of maintenance margin, he gets liquidated. Liquidation Fees paid by User A: `0.5% * 2000 = $10` --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.aevo.xyz/aevo-products/aevo-exchange/fees/liquidation-fees.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.