On the VOOX platform, trading fees are only incurred when opening, closing, or reducing positions. No trading fees are charged when a pending order remains unfilled or is canceled. Trading fees are calculated based on the value of the position, regardless of leverage.
About Trading Fee Calculation
Trading Fee Deduction Rules:
- Trading fees are deducted from the position margin.
- Different rates apply for maker and taker orders, with specific rates based on the https://futures.voox.com/en_US/myRate.
Definitions of Maker and Taker
Maker: When you place an order, and the order waits in the market depth to be filled, it is a “maker” order. This action helps increase market liquidity, so the trading fee is relatively low. Points cannot be used to offset maker fees.
Taker: When your order is immediately filled with a maker order in the market, it is a “taker” order. This reduces market liquidity, so the trading fee is higher.
Formula for Futures Trading Fee
Trading Fee = Position Value x (Maker/Taker Fee Rate)
For example:
- Market Order (Taker): User A executes a BTCUSDT contract with a market order value of 100 USDT. If User A’s VIP level is 5, with a corresponding taker rate of 0.045%, a trading fee of 100 x 0.045% = 0.045 USDT should be paid.
- Limit Order (Maker): User B executes a BTCUSDT contract with a limit order value of 100 USDT. If User B’s VIP level is 5, with a corresponding taker rate of 0.03%, a trading fee of 100 x 0.03% = 0.03 USDT should be paid.
Tiered Fee Structure
- Futures trading uses a tiered fee structure, where fees vary by user’s VIP level.
- Maker and taker fees both follow the tiered structure.
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