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Dawn charges one fee, on trades, and covers your gas up to a cap. Every other cost comes from the network or the market, not from Dawn.

Trading fee

1% of the trade, with a $0.35 minimum. Ethereum has its own rates.

Gas

Covered by Dawn up to $5 per trade.

Minimum trade

$1, and $5 for a buy on Ethereum.

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The trading fee

Every buy and sell pays it.
Applies to Solana, BNB Chain, Robinhood Chain, Base, Arc, Ink, HyperEVM and NEAR.
Cashback pays part of the fee back: 25% at the entry tier, rising to 55% with your 30-day volume. A 1% fee works out to 0.75%, down to 0.45% at the top tier.

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Gas

Dawn pays up to $5 of gas per trade, which covers nearly every trade on every chain. You never need to hold SOL, BNB, ETH or HYPE to trade. When a trade needs more than that, the extra comes out of your USDC, up to your Gas Surplus limit.

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Minimum trade

$1, and $5 for a buy on Ethereum. Routes that move value between chains have a higher minimum, and the bot tells you when a trade is below it.

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Withdrawals

Dawn charges no fee on withdrawals or sends. You pay only the network’s costs: See Withdraw and send.

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Other costs

None of these is a Dawn fee. They move the price you actually get.
Every swap pays its liquidity pool, typically 0.01%–1%, and every trade of size moves the price against itself. Both come out of the amount you receive.On thin liquidity this can cost far more than the trading fee. Check Liq on the token panel before a big trade.
Some tokens charge their own tax on every buy or sell, sometimes 10% or more, sometimes only on selling. It is taken before you receive the coins, not shown as a separate charge.
Your balance is USDC on Solana, so buying a coin on any other chain means moving value across. That route has its own cost, already inside the quoted price.

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Failed trades

A trade that cannot fill inside your slippage is refunded: your USDC comes back and no trading fee is charged. A buy on another chain can fail after it has gone out. Your USDC and the trading fee come back to your balance on their own, less any gas the attempt used. Any other gas spent on a failed trade is covered by Dawn.