When the performance fee is due, we will send you an invoice which has to be paid in USDT from your exchange account or any other external wallet. The performance fee will be invoiced and paid per exchange. 

This is a fee Robuxio charges, amounting to 30% of new profits we generate above your high water mark.

The performance fee is charged at the end of each quarter or when you stop the service.

This is a fee Robuxio charges, amounting to 30% of new profits we generate above your high water mark.

A stable period is a specific time frame during which there are no movements—such as withdrawals or deposits—in your account. Any deposit or withdrawal signifies the end of the current stable period. Additionally, the end of a quarter also marks the end of a stable period.

The performance fee is the 30% of the realized PnL since the last HWM.

You won't pay any performance fee. Also the last high water mark is retained for the next fee calculation.

Let’s use an example to see how it works:

Start of the first quarter:

• You invest 10,000 USDT, which also becomes your initial HWM. 
• At the end of the first quarter, the balance has grown to 13,000 USDT.
• The formula to calculate your profit is Balance – HWM. The Performance fee is 30% of that amount.
• The Performance fee is: (13,000-3,000)*0.3 = 900 USDT
• The new HWM becomes 13,000 USDT.
  
  

At the end of the 2nd quarter:

• The balance has grown to 20,000 USDT.
• The performance fee is: (20,000−13,000)*0.3=2,100 USDT
• The new high water mark is 20,000 USDT 

Let’s again look at an example:

Initial Investment:

• You invest 10,000 USDT, which also becomes your initial HWM. 
• At the end of the first quarter, the realized balance has grown to 13,000 USDT. 
• The formula to calculate your profit is Balance – HWM. The Performance fee is 30% of that amount.
• The Performance fee is: (13,000-10,000)*0.3 = 900 USDT
• The new HWM becomes 13,000 USDT.

At the beginning of the 2nd quarter:

• 5 days after we sent the invoice, the current balance is 14,000 USDT. At that moment, you paid the fee using your balance, so your balance got reduced to 14,000 – 900 USDT = 13,100 USDT.
• As our system will detect a withdrawal of 900 USDT, the HWM will be reduced 900 USDT as well, from 13,000 to 12,100 USDT.

At the end of the 2nd quarter:

• The realized balance has grown to 20,000 USDT.
• The performance fee is: (20,000 – 12,100) * 0.3 = 2,370 USDT.
• The new high water mark is 20,000 USDT.
   

Because we work with what we call stable periods, you can make a deposit or withdrawal before the quarter has ended. We adjust the high water mark for each stable period.

Here an example of how it works making deposits and withdrawals during the quarter:

Initial Investment:

• You invest 10,000 USDT, which also becomes your initial HWM. 

Deposit:

• After one week, the realized balance is 15,000 USDT when you add 3,000 USDT.
• This marks the end of a stable period; therefore, we recalculate the HWM and start the new stable period.
• The new HWM is now 10,000 + 3,000 = 13,000 USDT.

Withdrawal:

• A week later, the realized balance then goes down to 16,000 USDT, and you decide to withdraw 5,000 USDT.
• The new HWM is now 13,000 – 5,000 = 8,000 USDT.

End of the Quarter:

• At the end of the quarter, the realized balance is 14,000 USDT.
• The performance of the quarter is the difference between the realized balance and the HWM, that is, 14,000 – 8,000 = 6,000 USDT.
• The performance fee of the quarter is 6,000 * 0.3 = 1,800 USDT. 

We will deploy the same method as above to calculate the performance fee, and send the invoice after you make the withdrawal.

Start of the first quarter:

• You invest 10,000 USDT, which also becomes your initial HWM.
• 2 months later, the balance has grown to 13,000 USDT.
• At that moment you withdraw all your balance.
• The formula to calculate your profit is your latest balance – HWM. The Performance fee is 30% of that amount.
• So the Performance fee in that case is: (13,000-3,000)*0.3 = 900 USDT