Key Words: Trading Fee, Funding Fee, Max. Profit Ratio.
- Fee Schedule of Standard Contract
Spread
1. The spread depends on the Long to Short Ratio. If long positions outnumber short positions, the spread of buying will be larger, and vice versa.
2. Calculation Method
When there is a spread in the long position,
Long Price = Current Price * (1 + Spread Ratio);
When there is a spread in the short position,
Short Price = Current Price * (1 - Spread Ratio).
3. The spread ratio will be adjusted based on the change of market depth. Spread ratios differ in different trading categories.
Reminder: The spread ranges shown below are only for reference. During extremely volatile market conditions, the spread may be larger than the examples listed in the table below.
|
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. With regards to market conditions and liquidity, if a user's positions are large ( open positions and pending trades included), the spread fee will be adjusted slightly and allocated to both sides (regular users will not be affected).
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.
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.
- Max. Profit Ratio of Standard Contract
In Isolated-Margin Mode
For the BTC/USDT trading pair, the maximum profit ratio of a single trade is 2,000 %; for other trading pairs, the maximum profit ratio is 1,000 %. When the profit ratio reaches the maximum, the system will take over your position and close your position at the maximum profit ratio.
In Cross-Margin Mode
The maximum profit ratio for a Cross Margin trade is 2,000 % of the account funds in the user's Standard Contract Account or the total initial margin (whichever is larger). When the profit ratio reaches the maximum, the system will take over your position and close your position at 2,000 % of the account funds/ the total initial margin.
Note:
1. The account funds here refer to the user's settled equity.
Account Funds = Net “Transfer-In” Funds + Settled Trading P&L
2. When the maximum profit ratio is settled, no matter how much the actual profit of the current position is, it will actually be settled and issued to your account at 2000% of the account funds.
Example 1
1,000 USDT is transferred into the Standard Contract Account. There is a loss of 200 USDT after trading. The account funds are of 800 USDT currently. Then 100 USDT is used to open a BTC/USDT trade, when the account's unrealized P&L reaches 2000% of 800 USDT(16,000 USDT), the opened position will be closed at the max. profit ratio.
Example 2
① 1,000 USDT is transferred into the Standard Contract Account. Use 100 USDT to buy Long with the BTC/USDT trading pair and another 100 USDT to buy Short.
② The Long position profits 1,500 USDT while the Short position loses 1,500 USDT; the total Unrealised P&L is 0; the NAV is 1,000 USDT; the Available Margin is 800 USDT and the Total Initial Margin is 200 USDT.
③ The Short position with 1,500 USDT loss is closed; the NAV after closed this Short position is still 1,000 USDT.
NAV ③ = NAV ② - Loss of the closed Short Position + Profit of the holding Long position = 1,000 USDT - 1,500 USDT + 1,500 USDT = 1,000 USDT
Account Funds ③ = Net “Transfer-In” Funds + Settled Trading P&L = 1,000 USDT + (-1,500 USDT) = -500 USDT
Total Initial Margin ③ = Initial Margin of the holding Long position = 100 USDT
Since Total Initial Margin ③ is larger than Account Funds ③, the profit reaches 2,000 % o the Total Initial Margin ③ 2,000 U (100 USDT * 2,000 %), the Max. Take Profit setting will be triggered to close the position. Considering that the current unrealized P&L is 1500 USDT, the profit will increase by 500 USDT, the Max. Take Profit setting will be triggered.