When trading futures contracts on OKEx, a common question arises: Are there fees for canceling orders? Understanding the fee structure is crucial for effective risk management and cost optimization in derivatives trading.
OKEx Contract Trading Fee Structure
OKEx employs a maker-taker fee model for its futures contracts. Key points to know:
- No Cancellation Fees: Canceling limit orders (unfilled) does not incur charges.
- Partial Execution Fees: If an order is partially filled before cancellation, the filled portion follows standard trading fees.
- Fee Triggers: Fees apply only when orders are matched (market orders or filled limit orders).
Fee Calculation Parameters
| Order Type | Maker Fee | Taker Fee |
|---|---|---|
| BTC/USDT | -0.02% | 0.05% |
| ETH/USDT | -0.01% | 0.04% |
Negative maker fees indicate rebates for adding liquidity.
How to Minimize Trading Costs
- Use Limit Orders: Avoid market orders to qualify for maker rebates.
- Monitor Order Books: Cancel unfilled orders before significant market moves.
- Leverage Fee Tiers: Higher trading volumes unlock reduced fees.
👉 Optimize your trading strategy with OKEx's fee calculator
Risk Management Considerations
OKEx's smoothing mechanism reduces abnormal volatility spikes, lowering risks of:
- Unnecessary liquidations
- Stop-loss triggers from temporary price fluctuations
- Margin call errors during high volatility
Unique Features of OKEx Contracts
- Unified Margin System: Shared collateral across positions (launched December 2020)
- Multi-Currency Support: 9+ DeFi tokens including COMP, SNX, YFI
- Real-Time Yield Calculation: Instant accrual for staking/margin activities
Getting Started with OKEx Contracts
Step-by-Step Guide:
- Complete identity verification (KYC)
- Deposit funds into your trading account
- Navigate to "Derivatives" → select contract type
- Set leverage (1x-125x) based on risk tolerance
- Monitor positions using cross/isolated margin modes
👉 Begin trading with OKEx's beginner-friendly interface
FAQ Section
Q: Do canceled orders affect my trading fee tier?
A: No, only executed trades count toward volume-based fee reductions.
Q: How quickly are canceled orders removed from order books?
A: Instantly—funds return to available balance immediately.
Q: What's the difference between partial cancelation and full cancelation?
A: Partial cancellations only refund the unfilled portion; already-matched portions incur standard fees.
Q: Can I cancel orders during system maintenance?
A: No—order modifications are disabled during scheduled maintenance windows.
Q: Are there cancellation limits?
A: OKEx imposes no daily cancellation limits, but excessive API order spam may trigger rate limits.
Platform Comparison
While evaluating exchanges like Huobi vs. OKEx, consider:
- Liquidity Depth: OKEx consistently ranks top-3 in BTC futures open interest
- Product Range: Unique offerings like options and DeFi staking
- Security: Cold wallet storage with multi-signature protocols
For institutional traders, OKEx provides:
- Portfolio margin accounting
- Institutional-grade API connectivity
- Insurance fund protection against extreme volatility
Note: Fees and features updated as of 2025—always check OKEx's official announcements for latest changes.