diff --git a/x/evm/keeper/state_transition.go b/x/evm/keeper/state_transition.go
index 02e534f822..9c1b3e98d7 100644
--- a/x/evm/keeper/state_transition.go
+++ b/x/evm/keeper/state_transition.go
@@ -337,7 +337,14 @@ func (k *Keeper) ApplyMessageWithConfig(
 	if vmCfg.Tracer != nil {
 		if cfg.DebugTrace {
 			// msg.GasPrice should have been set to effective gas price
-			stateDB.SubBalance(sender.Address(), new(big.Int).Mul(msg.GasPrice, new(big.Int).SetUint64(msg.GasLimit)))
+			var gasPrice *big.Int
+			if cfg.BaseFee == nil {
+				gasPrice = msg.GasPrice
+			} else {
+				// for legacy tx, the GasFeeCap/GasTipCap defaults to GasPrice, so it's compatible.
+				gasPrice = types.EffectiveGasPrice(cfg.BaseFee, msg.GasFeeCap, msg.GasTipCap)
+			}
+			stateDB.SubBalance(sender.Address(), new(big.Int).Mul(gasPrice, new(big.Int).SetUint64(msg.GasLimit)))
 			stateDB.SetNonce(sender.Address(), stateDB.GetNonce(sender.Address())+1)
 		}
 		vmCfg.Tracer.CaptureTxStart(leftoverGas)