Understanding Futures Trading Fees
Contract fee calculation formula
Per-trade fee = Position value × Fee rate
Every transaction incurs corresponding fees based on this calculation.
Key Components:
- USDT-Margined Contracts: Position value = Price × Contract quantity (calculated in USDT)
- Coin-Margined Contracts: Position value = (1/Price) × Contract quantity (calculated in base currency, where 1 contract = $1 USD)
Practical Examples
Example 1: USDT-Margined BTC Trade
- Trade Details: Long position, 1,000 contracts at 50,000 USDT entry price (1 contract = 0.001 BTC)
- Calculation:
Position value = 50,000 × 0.001 × 1,000 = 50,000 USDT
Fee = 50,000 × 0.06% = 30 USDT
Example 2: Coin-Margined BTC Trade
- Trade Details: Long position, 1,000 contracts at 50,000 USD entry price
- Calculation:
Position value = 1,000 / 50,000 = 0.02 BTC
Fee = 0.02 × 0.06% = 0.000012 BTC
Factors Affecting Fee Rates
1. Fee Tiers
Your VIP level determines applicable rates. Higher tiers enjoy lower fees and potential rebates.
👉 Check your current tier here
Note: API users with VIP status on other platforms may apply for equivalent fee benefits.
2. Maker vs. Taker Roles
- Taker: Pays fees when using market/hidden/iceberg orders.
- Maker: Pays lower fees for limit orders adding liquidity.
3. Contract Types
| Type | Fee Currency | Funding Fees? |
|---|---|---|
| Coin-Margined Perpetual | Base coin (e.g., BTC) | Every 8 hours |
| USDT-Margined Perpetual | USDT | Every 8 hours |
| Coin-Margined Delivery | Base coin | None |
4. Position Management
- Opening fees are factored into position cost.
- Liquidation fees are pre-frozen upon position opening and adjusted upon actual closure.
5. Fee Discount Coupons
Automatically applied at order placement, reflected as separate credit entries.
FAQs
Q: How can I reduce my trading fees?
A: Climb VIP tiers, act as a Maker, or use fee discount coupons.
Q: Are funding fees charged on delivery contracts?
A: No, they only apply to perpetual contracts.
Q: What happens to unused liquidation fees?
A: They're released back to your account after position closure.
Q: Can I trade futures in restricted regions?
A: No, contracts are unavailable in prohibited jurisdictions.
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Note: All fee examples are illustrative. Always verify current rates before trading.