Fees
Trading Fees
Trading fees refer to the costs users must pay when executing buy and sell orders. These fees are an essential part of maintaining the platform's operations, liquidity provision, and security services. Trading fees are typically divided into two categories based on the user's role in the order book: Maker and Taker.
Fee Structure
In this product, the trading fee structure is as follows:
Maker Fee: 0.02%
Taker Fee: 0.04%
A Maker is a user who creates a limit order on the order book, contributing to market depth and liquidity. A Taker is a user who immediately matches an existing order in the order book.
Fee Calculation
Trading fees are calculated based on the user's transaction amount. For example:
Transaction Amount: $10,000
Maker Fee: Maker Fee = 0.02% × $10,000 = $2
Taker Fee: Taker Fee = 0.04% × $10,000 = $4
Thus, a user acting as a Maker in this transaction will pay $2, while a Taker will pay $4.
Liquidation Fees
Liquidation fees are incurred when a user's position is forcibly closed due to insufficient margin. These fees are designed to cover the costs associated with the liquidation process and to incentivize users to maintain sufficient margin in the market.
Liquidation Fee: 2%
This rate applies to all contract types and asset classes, whether it’s perpetual contracts, options, or other derivatives. Regardless of market conditions or asset types, the liquidation fee remains fixed at 2%.
Liquidation Fee Calculation
Liquidation fees are calculated based on the market price of the underlying asset at the time of liquidation. For example:
Underlying Asset: ETH
Current Price: $2,000
Position Size: 1 contract
If User A's position is liquidated, the liquidation fee is calculated as follows:
Liquidation Fee = 2% × Market Price of the Underlying Asset Substitute the values: Liquidation Fee = 2% × $2,000 = $40
Therefore, in this example, User A will need to pay a liquidation fee of $40.
Deposit Fees
Withdrawal Fees
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