Key words: Withdrawal Fees
Standard Contract Trading Fees
Perpetual Swap Trading Fees
Currency Exchange Fee.
Ⅰ. Withdrawal Fees
No. |
Cryptocurrencies |
Minimum Withdrawal Amount |
Withdrawal Fee |
1 |
USDT-ERC20 |
15 USDT |
4 USDT |
USDT-TRC20 |
0 USDT |
||
USDT-OMNI |
5 USDT |
||
2 |
USDC |
15 USDC |
2 USDT |
3 |
BTC |
0.06 BTC |
0.0005 BTC |
4 |
ETH |
0.15 ETH |
0.005 ETH |
Ⅱ. Standard Contract Trading Fees
Spread:
- The spread depends on the Long to Short Ratio. If long positions outnumber short positions, then the spread of buying is larger, vice versa.
- Calculation Method:
When there is a spread in the long position, the long price: current price * (1 + spread ratio)
When there is a spread in the short position, the short price: current price * (1 - spread ratio)
3. The spread ratio will be adjusted based on the change of the market depth. Spread ratios vary in trading categories.
Type |
Spread Ranges |
Cryptocurrency - Bitcoin |
0.02% ~ 0.1% |
Cryptocurrencies other than Bitcoin |
0.02% ~ 0.2% |
Global Indices |
0.02% ~ 0.15% |
Commodities |
0.02% ~ 0.1% |
Forex |
0.02% ~ 0.1% |
4. Considering the market conditions and liquidity, if a user's positions are large (including opened positions and pending trades), the spread fee will be adjusted slightly and will be allocated to both sides (regular users will not be affected).
Reminder: Please note that the spread ranges shown above are only for reference. During extremely volatile market conditions, the spread may be larger than the examples listed in the table above.
Trading Fee for Standard Contract
- Trading Fee Rate: 0.075% (The current fee rate is discounted as 0.045%.)
- Calculation Method: Trading Fee = Trade Volume * Trading Fee Rate (One-Time Charge)
The Trading Fee is recorded when opening a position and deducted when closing a position.
Funding Rate
When a user has held a position for more than an hour, the funding rate ( charge / reward ) will be calculated.
- Definition
When the funding rate is positive, Longs pay Shorts. When the funding rate is negative, Shorts pay Longs.
2. Funding Timetable
Funding occurs every 8 hours at 0:00, 8:00 and 16:00 ( GMT+8 ).
Users can observe the current funding rate for a contract on the “ Position” page. Funding Rates will be settled when closing a position.
3. Calculation Method
Funding Amount = Total Contract Trading Volume * Funding Rate ( If the funding rate is negative, you will receive a funding reward. )
The funding rate is calculated by the platform at the time of charging.
Ⅲ. Perpetual Swap Trading Fees
Trading Fee for Perpetual Swap
Taker ( executed instantly): 0.075%; The current fee rate is discounted as 0.045%.
Maker( pending orders): 0.045%; The current fee rate is discounted as 0.020%.
Funding Rate of Perpetual Swap
- A perpetual contract has no expiration date, which means that traders can hold the contract technically forever. Without a fixed delivery date, the contract price and spot price may never converge. In order to make the perpetual contract trading price close to the spot price, we’ve introduced the funding mechanism. Funding fees are not collected by the exchange; However, they are exchanged between the long and short positions. If the funding rate is positive, long position holders shall pay funding fees to short position holders. Alternatively, if the funding rate is negative, short position holders will end up paying funding fees to long position holders.
- In the isolated-margin mode, the funding fee will be deducted from the initial margin (or issued as a reward); In the cross-margin mode, the funding fee will be deducted from the balance (or issued as a reward).
- Funding occurs every 8 hours at 0:00, 8:00 and 16:00 ( GMT+8 ); Settlement is made only with opened positions.
Calculation Method:
Funding Rate = Clamp (MA (((Best Bid + Best Offer)/2-Spot Index Price)/Spot Index Price-Interest), a, b)
* Interest is currently zero
a = -0.3%, b = 0.3%
Risk warning:There is leverage in the contract trading and some of the underlying indexes' leverage ratios are high.Your potential return is therefore multiplied, but so is your potential loss. Traders should be aware of its high risk.
Ⅳ. Currency Exchange Fee
The Cryptocurrency Exchange Fee rate is 0.2% at Bingbon.