Futures Fee Structure and Fee Calculation

Coin8 Global Station Users:

 

Coin8 Futures [Futures Fee Structure and Fee Calculation]

 

I. Futures Transaction Fee Introduction

The futures transaction fee is the trading fee charged when placing an order. Since the fee structure varies by transaction type, please check Coin8's official announcements or the fee page for the latest rates.

 

Coin8's revenue comes from the fees that users pay for trading activities such as futures trading and spot trading. This announcement provides detailed information about Coin8's fee structure. It introduces the calculation and specifics of the futures fees.

 

II. Futures Fee Explanation

The futures fee is calculated based on a simple rate formula that varies depending on the type of product being traded and whether the trader is a maker or a taker.

 

Maker: A limit order refers to an order where the specified price is not immediately executed against the order book but waits until a counterparty matches it. This behavior is also known as placing a limit order and is referred to as a maker.

Taker: A taker occurs when the user's buy price is greater than or equal to the best ask price, or the sell price is less than or equal to the best bid price. Such orders are executed immediately, reducing market depth, and this behavior is referred to as being a taker.

 

III. How to Calculate Futures Fees?

 

The formula for calculating futures trading fees is as follows:

Transaction Fee = (Futures Quantity × Trading Price) × Trading Fee Rate = Order Amount × Trading Fee Rate

Note: Order Amount = Futures Quantity × Trading Price

 

Example: Trader A uses a market order to buy 1 BTCUSDT futures contract. Trader B uses a limit order to sell 1 BTCUSDT contract. If the final trading price is 40,000 USDT:

Trader A's taker fee = 1 × 40,000 × 0.06% = 24 USDT

Trader B's maker fee = 1 × 40,000 × 0.02% = 8 USDT

 

Thank you for your support of Coin8, and we will continue to provide better products and services in the future!