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  • Market Cap: $3.1496T -1.350%
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How are the handling fees for Bitcoin contract transactions calculated?

To minimize fees on BitMEX, traders can become market makers by exceeding 50mtm in volume, earning a 0.025% rebate on trading fees.

Feb 22, 2025 at 04:37 pm

Key Points

  • Types of BitMEX handling fees and their calculations
  • How to minimize BitMEX handling fees
  • FAQs on BitMEX handling fees

Handling Fees for Bitcoin Contract Transactions on BitMEX

Flat Fees:

  • Settlement Fees (Taker and Maker):

    • Charged on all executed orders, regardless of order type.
    • Maker (order taker): 0.0001 XBT / contract (approximately $2)
    • Taker (order maker): 0.0002 XBT / contract (approximately $4)
  • Withdrawal Fees:

    • Charged for withdrawals of XBT.
    • Current rate: 0.0005 XBT (approximately $10)

Variable Fees:

  • Trading Fees:

    • Percentage fees charged based on the traded volume.
    • Taker: 0.075% (rebate of -0.025% if volume exceeds 50mtm)
    • Maker: -0.025%
  • Funding Rates:

    • Variable fees charged on perpétuel futures contracts representing the relative demand between long and short positions.
    • Calculated and paid every 8 hours based on the funding rate.
    • Can be positive (longs pay shorts) or negative (shorts pay longs).

How to Minimize BitMEX Handling Fees

  • Get a referral code: New users can receive a 10% discount on trading fees for up to six months.
  • Become a market maker: Takers receive a 0.025% rebate on trading fees if their volume exceeds 50mtm per month.
  • Use the referral program: Refer new users and earn up to 25% of their trading fees.
  • Maximize profits: Traders can aim to profit enough to offset the handling fees incurred.

FAQs on BitMEX Handling Fees

What is the difference between a taker and a maker?

  • A taker is an order that immediately matches with an existing order on the order book, executing a trade.
  • A maker is an order that adds liquidity to the order book by placing an order that does not immediately match with another order.

How do I calculate the settlement fee for a BitMEX contract?

  • Multiply the number of contracts by the settlement fee (0.0001 XBT for makers, 0.0002 XBT for takers).

What is a funding rate?

  • A funding rate is a variable fee that represents the difference in demand between long and short positions in a perpetual futures contract.
  • Calculated from a complex formula that considers factors such as interest rates, trade volume, and funding rates on other exchanges.

Can I avoid handling fees on BitMEX?

  • No, handling fees are an inherent part of trading on BitMEX and cannot be fully avoided.
  • However, by using the methods discussed above, traders can minimize the impact of these fees on their profits.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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