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2⃣
Trade Fees and Funding
Our goal is to provide the most competitive fees and trading conditions. There are two types of fees: a Trade fee when making a trade, and Funding (financing).
There are 2 types of fees when trading: Trade Fee incurred when a trader’s order is executed, and Funding (financing) incurred when a position is carried into a new funding period.
When an order is executed on the market it will be charged a trade fee depending on the Order Type used:
Taker Fee (Market Orders) | Maker Fee (Limit Orders) |
|---|---|
0.060% | 0.019% |
Maker Fee is charged when adding liquidity to the order book by placing a delayed order that is not matched immediately against an order on the order book: i.e Limit orders placed below the current price for a BUY order or above the current price for a SELL order. This includes conditional Take Profit orders.
Taker fee is charged when removing liquidity from the order book by placing an order that is matched immediately against an order already on the order book: i.e Market orders or conditional orders that convert to a market order when executed, such as a Stop-Market and Stop Loss.
A trade fee is incurred anytime that a trader’s order is executed on the market, i.e. when opening and when closing a position.
Funding (financing) is incurred anytime that a position is carried into a new 8-hour funding period - past 00:00, 08:00 and 16:00 UTC. A position that is closed before the next funding rollover will not be charged.
The funding countdown timer is reflected on the Trade page, at the bottom of the order placement module. Once the timer reaches 00:00, funding will be incurred for any open position and a new funding period will begin:
23Funding in timer.png
To check the current funding rates for the selected trading pair, simply click on the funding timer:
Funding rates are directly related to the current ratio of Longs to Shorts and underlying market volatility. Funding costs are due every 8 hours at 00:00, 08:00 and 16:00 UTC. If a position is closed before the funding cut-off time, it will not be charged funding.
Fees and funding are always calculated based on the full order size.