Fee Schedule

Key words: Withdrawal Fees
Standard Contract Trading Fees
Perpetual Swap Trading Fees
Currency Exchange Fee.

Ⅰ. Withdrawal Fees

Ⅱ. Standard Contract Trading Fees

Spread:

1. The spread depends on the Long to Short Ratio. If long positions outnumber short positions, then the spread of buying is larger, vice versa.
2. 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.

    4. Considering the market conditions and liquidity, when the user's position is large (including holding positions and pending trades), or if the user is doing high-frequency trading and multi-account trading, the spread cost will be adjusted accordingly; The transaction will be executed at the actual market price when closing the position. For such transactions mentioned, the platform does not guarantee that they will be executed at the index price.

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

1. Trading Fee Rate: 0.075% (The current fee rate is discounted as 0.045%.)
2. 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.

1. 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.