How to calculate BitMart contract fees

To determine the total fees incurred while trading futures contracts on BitMart, consider trading volume, maker/taker fees, funding fees (if applicable), and withdrawal fees.

Nov 23, 2024 at 02:40 pm

How to Calculate BitMart Contract Fees

BitMart is a centralized cryptocurrency exchange that offers a variety of trading services, including spot trading, margin trading, and futures trading. When trading futures contracts on BitMart, traders are charged a variety of fees, including trading fees, funding fees, and withdrawal fees.

Trading Fees

Trading fees on BitMart are charged on a per-trade basis and are based on the trading volume. The trading fee schedule is as follows:

• Maker fee: 0.025%
• Taker fee: 0.075%

Funding Fees

Funding fees are charged on a periodic basis to traders who hold open positions overnight. The funding fee is designed to incentivize traders to close their positions before the end of the trading day. The funding fee schedule is as follows:

• Positive funding rate: 0.01%
• Negative funding rate: -0.01%

Withdrawal Fees

Withdrawal fees are charged when traders withdraw their assets from BitMart. The withdrawal fee schedule is as follows:

• BTC: 0.0005 BTC
• ETH: 0.005 ETH
• USDT: 1 USDT

How to Calculate BitMart Contract Fees

To calculate the total fees that you will be charged when trading futures contracts on BitMart, you need to take into account the following factors:

• Trading volume: The total volume of your trades.
• Maker/taker fees: The fees charged for placing maker and taker orders.
• Funding fees: The fees charged for holding open positions overnight.
• Withdrawal fees: The fees charged for withdrawing your assets from BitMart.

Example

Let's say that you want to trade a futures contract with a contract value of $10,000. You place a maker order and the trade is executed. You hold the position overnight and close it the next day. The funding rate is positive, so you are charged a funding fee of 0.01%. You then withdraw your profits from BitMart.

The total fees that you will be charged are as follows:

• Trading fee: 0.025% of $10,000 = $2.50
• Funding fee: 0.01% of $10,000 = $1.00
• Withdrawal fee: 1 USDT = $1.00

Total fees: $4.50

Additional Tips

• You can reduce your trading fees by becoming a VIP member. VIP members receive a discount on trading fees.
• You can avoid funding fees by closing your positions before the end of the trading day.
• You can reduce your withdrawal fees by using a cryptocurrency with a low withdrawal fee.