A performance fee is a payment made to an investment manager (in this case, HEYBIT) for generating positive returns (profits).

This means that HEYBIT will charge fees only when there is investment profit made by the end of your investment. Because HEYBIT can charge only when there is profit, we do our best to make the best performance possible, matching the interests of HEYBIT and its users. (This solves the so-called "Principal-Agent" problem!)