How to calculate Dubai OKX perpetual handling fee

Step 1: Understand perpetual contracts

Perpetual contracts are a type of futures contract that does not have an expiry date. This means that traders can hold positions for as long as they want, without having to worry about the contract expiring.

Step 2: Calculate the funding rate

The funding rate is a fee that is paid by traders who are holding a position in a perpetual contract. The funding rate is calculated every 8 hours, and it is based on the difference between the perpetual contract price and the spot price of the underlying asset in the market.

Step 3: Calculate the handling fee

OKX charges a handling fee on all perpetual contracts. The handling fee is calculated as a percentage of the funding rate. The handling fee is currently 0.02%.

Step 4: Calculate the total fee

The total fee that you will pay for trading a perpetual contract on OKX is the sum of the funding rate and the handling fee.

Example

Let's say that you are holding a position in a perpetual contract for Bitcoin. The current perpetual contract price is $40,000, and the spot price of Bitcoin is $39,900. The funding rate is +0.01%.

The handling fee would be:

0.02% x 0.01% = 0.0002%

The total fee that you would pay would be:

0.01% + 0.0002% = 0.0102%

This means that you would pay a total of $4.08 in fees for holding your position for 8 hours.

Conclusion

The handling fee is a small fee that is charged by OKX on all perpetual contracts. The handling fee is calculated as a percentage of the funding rate. Traders should be aware of the handling fee when trading perpetual contracts on OKX.