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What are the charging standards for OKEx perpetual contract transactions?
For perpetual contract trading on OKEx, makers receive fee rebates ranging from 0.004% to 0.02%, while takers incur fees between 0.008% and 0.04%, based on their respective VIP levels.
Dec 16, 2024 at 10:18 am
- Maker Fees:
- VIP0: 0.02%
- VIP1: 0.015%
- VIP2: 0.01%
- VIP3: 0.008%
- VIP4: 0.006%
- VIP5: 0.004%
Makers are traders who place orders that add liquidity to the market. They generally receive a rebate on their trading fees.
- Taker Fees:
- VIP0: 0.04%
- VIP1: 0.03%
- VIP2: 0.02%
- VIP3: 0.016%
- VIP4: 0.012%
- VIP5: 0.008%
Takers are traders who place orders that immediately execute against existing orders in the market. They generally pay a higher fee than makers.
- Funding fees are paid by traders who hold positions overnight. The funding rate is calculated based on the difference between the perpetual contract price and the underlying index price.
- If the perpetual contract price is higher than the index price, traders who are long the contract will pay funding to traders who are short the contract.
- If the perpetual contract price is lower than the index price, traders who are short the contract will pay funding to traders who are long the contract.
- The funding rate is usually updated every 8 hours.
- Margin interest is charged on borrowed funds used to trade perpetual contracts. The interest rate is determined by the prevailing market conditions and is subject to change.
- Traders can reduce their margin interest costs by keeping their margin utilization ratio low.
- Withdrawal Fees: OKEx charges a withdrawal fee for each cryptocurrency withdrawal. The fee varies depending on the cryptocurrency and the withdrawal method.
- Deposit Fees: OKEx does not charge any deposit fees.
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