How much is the handling fee for BigONE 100 times leverage?

How much is the handling fee for BigONE 100 times leverage?

BigONE Handling Fees for 100x Leverage:

• Maker: 0.02%
• Taker: 0.05%

Additional Fees:

• Overnight Funding Fee: Varies based on market conditions and can be positive or negative.
• Withdrawal Fee: Specific fees apply for withdrawing different cryptocurrencies.
• Deposit Fee: No deposit fees are charged.

Example Calculation:

• Trade Size: $100,000
• Maker:
  • Handling Fee: $100,000 * 0.02% = $2
• Taker:
  • Handling Fee: $100,000 * 0.05% = $5

In-depth Explanation:Maker vs. Taker Fees:

• Maker: A user who places an order that adds liquidity to the order book by placing a limit order below (for asks) or above (for bids) the current market price.
• Taker: A user who places an order that immediately executes against an existing order in the order book, removing liquidity from the market.

Overnight Funding Fee:

• When holding a leveraged position overnight, a funding fee is applied to adjust the positions of traders, ensuring the leverage market remains balanced.
• The funding fee can be positive (paid by shorts to longs) or negative (paid by longs to shorts) depending on market conditions and the underlying asset's demand.

Withdrawal Fees:

• The specific withdrawal fees for different cryptocurrencies vary and are subject to change.
• Users can check the withdrawal fee for their specific cryptocurrency before initiating a withdrawal.

Steps to Calculate Handling Fees:

1. Determine Trade Size: Calculate the total value of the trade in USD.
2. Identify Maker/Taker: Determine if the order is a maker or taker order based on its placement in the order book.
3. Apply Fee Percentage: Multiply the trade size by the appropriate handling fee percentage (0.02% for makers, 0.05% for takers).
4. Calculate Handling Fee: The result from step 3 represents the handling fee for the trade.