How does Dubai OKX perpetual contract charge

For perpetual contract takers, OKX charges a competitive 0.05% fee, while makers enjoy a unique fee structure with rebates as low as -0.01%.

Oct 19, 2024 at 09:11 am

Dubai OKX Perpetual Contract Fees

1. Taker Fees

• Maker fees: 0.02%
• Taker fees: 0.05%

2. Maker Fees

• Maker fees for market takers: 0.02%
• Maker fees for market makers: -0.01%

3. Funding Rates

• Funding rates are charged every 8 hours at a variable rate.
• The funding rate is determined by the difference between the perpetual contract price and the spot price of the underlying asset.

4. Other Fees

• Withdrawal fees: Vary depending on the cryptocurrency withdrawn.
• Deposit fees: Free for most cryptocurrencies.

Explanation:

• Maker fees are paid when you submit an order that is not immediately executed.
• Taker fees are paid when you submit an order that is immediately executed against an existing order on the order book.
• Market takers are traders who execute market orders, while market makers are traders who provide liquidity to the market by placing limit orders.
• Funding rates are designed to ensure that the price of the perpetual contract tracks the spot price of the underlying asset.
• Withdrawal fees cover the cost of processing withdrawal requests.
• Deposit fees are not usually charged for cryptocurrencies, but some fiat currencies may have a small deposit fee.

Conclusion:

OKX perpetual contracts have transparent and competitive fees compared to other exchanges. The combination of maker fees and funding rates creates a favorable trading environment for both market takers and market makers.