Understanding Futures Fees
Types of Fees in Futures Trading
Futures fees are incurred when placing orders or executing market entry/exit transactions. These fees vary based on trade types and can be categorized as:
- Maker Fees: Applied when a user places an order that adds liquidity to the order book (e.g., limit orders).
- Taker Fees: Charged when an order immediately executes against existing orders (e.g., market orders).
👉 Learn more about fee structures
Fee Calculation Formula
Fees are calculated using three primary components:
- Opening/Closing Price: The execution price of the trade.
- Amount: The quantity of the traded asset (Margin × Leverage).
- Fee Rate: Determined by whether the trader is a Maker or Taker.
Formula: Fee = Price × Amount × Fee Rate
Calculation Examples
| Scenario | Price (USDT) | Amount (SBTC) | Fee Rate | Fee (USDT) |
|---|---|---|---|---|
| Order Opening | 23,715.5 | 0.0041 | 0.06% | 0.05834 |
| Order Closing | 24,042.5 | 0.0044 | 0.06% | 0.06347 |
Order Execution and Fee Dynamics
Opening an Order
- Fees are reserved from the margin upfront.
Estimated fees include:
- Opening/closing fees
- Funding fees (for perpetual futures)
Funding Fee Mechanism:
- Charged every 8 hours (UTC+8).
- Only applies to open positions at specified timestamps.
Example Breakdown
- Initial Margin: 100 USDT
- Fees Deducted: 0.71 USDT (0.05898 opening + 0.05902 closing)
- Net P/L: -0.0529 USDT (including fees)
Tracking Fees and Transactions
Accessing Fee Records
Futures Record
- Path: Assets > Financial Record > Futures Record
- Shows P/L and fees per order.
Order Details Tab
- Displays granular fee data (price, amount, volume).
Trading Details
- Path: Assets > Orders > Futures Orders > Trading Details
- Provides a structured breakdown of fees and P/L.
FAQs
How are funding fees calculated?
Funding fees are exchanged between long/short positions every 8 hours to align perpetual futures prices with the underlying asset. The rate varies based on market conditions.
Where can I check my total fees?
Navigate to Futures Orders > Trading Details for a comprehensive view of all fees per transaction.
Why is my margin reduced when opening an order?
The system reserves an estimated fee amount upfront, which is adjusted upon order closure. Unused portions are returned.
Are there fee discounts for high-volume traders?
Some platforms offer tiered fee structures based on 30-day trading volume. Check the exchange’s fee schedule for details.
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Key Takeaways
- Fees depend on order type (Maker/Taker) and trade size.
- Funding fees apply only to perpetual futures.
- Use Trading Details for precise fee analysis.
- Always verify calculations using the formula:
Price × Amount × Fee Rate.