For every executed order, there is a Trading Fee incurred.
Note that the actual order cost will be reserved for open taker transaction fee; however, the actual transaction fee will be paid when the order is executed and calculated based on the actual transaction price. When all orders are completed, if there is still remaining after deducting the actual fees for, it will be automatically returned to the available assets.
◆The formula for Inverse Contract:
Fee Rate:taker 0.06%, maker 0.04%
Trading Fee = Contract Face Value x Trading Fee Rate/ Order Price
Order value =Contract Face Value * contract size / Order Price
Trader A buys 100 BTCUSD contracts using Market order. (1 contract face value=100USD)
Trader B sells 100 BTCUSD contracts using Limit order. (1 contract face value=100USD)
Assuming that the execution price is 8,000 USD:
Taker fee for Trader A = 100*100/8,000 x 0.06% = 0.0005 BTC
Maker fee for Trader B = 100*100/8,000 x 0.04% = 0.00025 BTC
Hence, upon execution, Trader A will be paying 0.0005 BTC of Taker fee and Trader B will be paying 0.00025 BTC .
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