Understanding Your Futures Trading Fees
Engaging in futures trading might appear complex due to the multiple components involved. This guide aims to simplify and explain these components:
What is Futures Trading?
Futures trading enables investors to buy or sell an asset at a predetermined price in the future. On BTSE, these trades come with specific fees.
Basics of Futures Trading Fees
What are they? Futures trading fees are charged both when you open and close futures contract positions. These are distinct from the funding rate.
How are they deducted? These fees are subtracted from the user's margin balance.
How Futures Trading Fees Are Calculated:
Fees upon opening and closing contracts are derived from the Notional Value of the positions.
Notional Value = Mark Price [USDT] x Position Size [Crypto Units]
If a user employs 1 BTC of margin to open a 10 BTC position with 10X leverage, and the Mark Price stands at $29,400 USDT, the Notional Value becomes:
$29,400 [USDT] x 10 [BTC] = $294,000
For a General User acting as a Maker, the fee is:
General User Maker Fee Rate x Notional Value = 0.01% x $294,000 = $29.40 USDT
Can I get a discount on futures trading fees?
Yes, you can! If you're an active trader with us, you can enjoy discounted fees, depending on your VIP level. You’ll qualify for lower fees by trading a lot on spot or futures and holding specific amounts of BTSE Token.
Check out the table below for the exact details.
BTSE Futures Trading Fees
Re-evaluation: VIP levels are updated daily, relying on the preceding 30-day trading volume.
Checking Your VIP Level: Your current VIP status is accessible on the Account Profile Page.
Discounts: VIP level benefits and other promotional offers don't combine. If both are available, the larger discount prevails.
Volume Conversion: All trading volumes are measured in USDT. Other currency volumes are translated to USDT based on the prevailing spot rate.
Policy Reminder: BTSE doesn't permit users to self-refer through multiple accounts.
Do market makers enjoy special trading fees?
Yes, BTSE offers attractive rates for market makers, as outlined below. If you're a market maker looking to join our program, please reach out to us at email@example.com.
Market Maker Tiers & Fees for Futures Trading
Required Maker Volume: ≥ 0.15% of Exchange Volume
Maker Fee: -0.0125%
Taker Fee: 0.0400%
Required Maker Volume: ≥ 0.5% of Exchange Volume
Maker Fee: -0.0150%
Taker Fee: 0.0350%
Required Maker Volume: ≥ 1.5% of Exchange Volume
Maker Fee: -0.0175%
Taker Fee: 0.0325%
Required Maker Volume: ≥ 3% of Exchange Volume
Maker Fee: -0.0200%
Taker Fee: 0.0300%