How to charge okex contract handling fee

OKEx contract handling fees are divided into two categories: limit order handling fee (0.02%) and market order rebate fee (0.01%). In addition, users may also encounter position closing fees (0.02%) and funding rates (which vary based on funding rates and positions).

OKEx contract handling fee collection method

1. Handling fee (Taker)

• When executing a limit order, you need to pay a handling fee (Taker) when the transaction is executed directly.
• The handling fee rate is 0.02% of the transaction amount.

2. Rebate (Maker)

• Execute market orders and receive rebate (Maker) when providing liquidity.
• The rebate fee rate is 0.01% of the transaction amount.

Example of handling fee calculation

• 1BTC (approximately $40,000) contract transaction, executing limit order:

  • Handling fee (Taker): $40,000 * 0.02% = $8

• 1BTC (approximately US$40,000) contract transaction, execution of market order:

  • Rebate fee (Maker): US$40,000 * 0.01% = US$4

Other fees

In addition to transaction fees, The following fees may be charged:

• Closing fee: When forced liquidation, a handling fee of 0.02% of the transaction amount will be required.
• Funding rate: Depending on the funding rate, long or short positions may need to pay funding fees to the other party. The specific amount is determined by the direction and time of the position.

The above is the detailed content of How to charge okex contract handling fee. For more information, please follow other related articles on the PHP Chinese website!