How to calculate AscendEX contract handling fee

To calculate the contract handling fee for an AscendEX perpetual futures contract, multiply its notional value (contract size x underlying asset's spot price) by the applicable fee rate (based on contract type and VIP level).

Nov 23, 2024 at 11:42 am

How to Calculate AscendEX Contract Handling Fee

AscendEX, a leading cryptocurrency exchange, charges a contract handling fee for its perpetual futures contracts. This fee is calculated based on the contract's notional value and the applicable fee rate.

Steps to Calculate AscendEX Contract Handling Fee

To calculate the contract handling fee for an AscendEX perpetual futures contract, follow these steps:

1. Determine the Contract's Notional Value:

   The notional value of a futures contract is the contract's total value based on its underlying asset's price and the contract size. To calculate the notional value, multiply the contract size by the underlying asset's spot price at the time of the trade.

2. Identify the Applicable Fee Rate:

   AscendEX charges different fee rates based on the contract type and the trader's VIP level. Visit the AscendEX fee schedule to determine the applicable fee rate for your particular contract.

3. Calculate the Contract Handling Fee:

   The contract handling fee is calculated by multiplying the contract's notional value by the applicable fee rate. The resulting value represents the total fee charged for the contract.

Example of AscendEX Contract Handling Fee Calculation

Let's illustrate the calculation of the contract handling fee with an example:

Suppose you enter a perpetual futures contract on AscendEX with the following parameters:

• Contract Size: 100 USD Coin (USDT)
• Underlying Asset Spot Price: $10
• Applicable Fee Rate: 0.0003%

Step 1: Calculate Notional Value:

Notional Value = Contract Size * Spot Price
Notional Value = 100 USDT * $10
Notional Value = $1,000

Step 2: Identify Fee Rate:

Assuming you are a VIP Level 1 trader, the applicable fee rate is 0.0003%.

Step 3: Calculate Contract Handling Fee:

Contract Handling Fee = Notional Value * Fee Rate
Contract Handling Fee = $1,000 * 0.0003%
Contract Handling Fee = $0.003

Therefore, the contract handling fee for the given contract is $0.003.

Additional Considerations

• The contract handling fee is charged once at the time of entering the contract.
• The fee may vary based on market conditions and exchange updates.
• AscendEX may charge additional fees, such as maker/taker fees and funding rates, for perpetual futures trading.