Understanding Futures Trading Fees

In futures trading, the platform charges trading fees when orders are executed.

1. How Are Futures Trading Fees Charged?

• USDT-Margined Futures: Fees are typically charged in the quote currency (such as USDT)
• Coin-Margined Futures: Fees are typically charged in the underlying asset (such as BTC or ETH)

The actual fee rate may also depend on several factors, including:

• Whether the order was classified as Maker or Taker
• The user’s current VIP level
• The platform’s latest fee schedule

2. How Are Futures Trading Fees Calculated?

Futures trading fees are generally calculated using the following formula:

Trading Fee = Order Value × Fee Rate

Where:

Order Value = Contract Quantity × Contract Face Value × Execution Price

For example:

• Contract Quantity: 100 contracts
• Contract Face Value: 0.01 BTC
• Execution Price: 80,000 USDT
• Fee Rate: 0.04%

Then:

Order Value = 100 × 0.01 × 80,000 = 80,000 USDT

Trading Fee = 80,000 × 0.04% = 32 USDT

3. What Are Fee Discount Coupons?

Users may obtain fee discount coupons through the Rewards Center, platform campaigns, or other promotional activities to reduce trading fees.

Fee discount coupons generally fall into the following two categories:

I. Percentage-Based Discount

Actual Fee Charged = Original Fee × (1 - Discount Rate)

For example:

• Original Fee: 10 USDT
• Discount Rate: 20%

The actual fee charged would be:

10 × (1 - 20%) = 8 USDT

II. Fixed-Amount Discount

Actual Fee Charged = Original Fee - Discount Amount

For example:

• Original Fee: 10 USDT
• Discount Amount: 3 USDT

The actual fee charged would be:

10 - 3 = 7 USDT

Actual discount rules are subject to the terms of each platform campaign.

4. How Can You Check Fee Details?

Fees generated from futures trading can usually be viewed in the following sections:

• Order Details
• Trade History
• Order History