How to calculate contract fees on Dubai OKX

To calculate contract fees on Dubai OKX, users need to consider the maker and taker fee structure, which varies based on contract type and trading volume.

Oct 23, 2024 at 02:16 pm

How to Calculate Contract Fees on Dubai OKX

1. Understand the Fee Structure

Dubai OKX charges a maker and taker fee for all contract trades. The maker fee is a fee charged to users who add liquidity to the market by placing limit orders. The taker fee is charged to users who remove liquidity from the market by executing market orders.

The fee structure varies depending on the type of contract and the trading volume. Tiered fee structures apply, with lower fees for higher trading volumes.

2. Maker Fees

Maker fees are typically 0.02% to 0.05%, depending on the contract and trading volume.

3. Taker Fees

Taker fees are typically 0.06% to 0.10%, depending on the contract and trading volume.

4. Funding Fees

Funding fees are periodic payments made between long and short positions to ensure market equilibrium. These fees can be positive or negative, depending on market conditions. Funding rates are typically updated every 8 hours.

5. Calculation Example

Let's say you execute a 1 BTC perpetual swap with a taker fee of 0.08%. Your trade value is 1 BTC x $20,000 = $20,000.

• Taker Fee: 0.08% x $20,000 = $16

6. Total Contract Fee

The total contract fee is the sum of the maker or taker fee, and any applicable funding fees. In the above example, the total contract fee would be $16.