# Maker and Taker Fees The concepts of "taker" and "maker" are crucial to understand. These terms don't relate to whether you're buying or selling (the side of the trade), nor whether you're opening or closing a position. Instead, they refer to how your order interacts with the existing order book: 1. Taker Orders: * A "taker" is someone who "takes" liquidity from the market. * You become a taker when you place an order that immediately executes against an existing order in the order book. * This typically happens when you place a market order or an aggressive limit order that crosses the current bid-ask spread. * Taker orders are often described as "aggressive" because they actively remove orders (liquidity) from the book. * Example: If the current best ask price is $100, and you place a buy order at $100 or higher, you're a taker. 2. Maker Orders: * A "maker" is someone who "makes" or provides liquidity to the market. * You become a maker when you place a limit order that doesn't immediately execute and instead sits in the order book waiting to be filled. * These orders add depth to the market and are typically seen as passive. * Example: If the current best ask price is $100, and you place a buy limit order at $99.50, you're a maker. --- # 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/maker-and-taker-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.