How to calculate BitFlyer contract fees

When trading Bitcoin futures contracts on BitFlyer, maker fees are charged at 0.02% and taker fees at 0.06% of the order size.

Nov 10, 2024 at 11:23 pm

How to Calculate BitFlyer Contract Fees

BitFlyer is a Japanese cryptocurrency exchange that offers a variety of trading services, including spot trading, margin trading, and futures trading. When trading futures contracts on BitFlyer, you need to be aware of the fees that you will be charged. These fees can vary depending on the type of contract you are trading, the size of your order, and your trading volume.

Types of BitFlyer Contract Fees

There are three main types of fees that you need to be aware of when trading futures contracts on BitFlyer:

1. Maker Fees: Maker fees are charged when you create a new order that adds liquidity to the market. This means that you are placing an order to buy or sell a contract at a specific price that is different from the current market price.
2. Taker Fees: Taker fees are charged when you execute an order that takes liquidity from the market. This means that you are placing an order to buy or sell a contract at the current market price.
3. Margin Fees: Margin fees are charged when you trade futures contracts using leverage. Leverage allows you to trade with more money than you have in your account, but it also increases your risk of loss.

Fee Schedule

The following table shows the fee schedule for BitFlyer futures contracts:

How to Calculate BitFlyer Contract Fees

The following steps will show you how to calculate the fees that you will be charged when trading futures contracts on BitFlyer:

1. Determine the type of contract you are trading. This will determine the maker fee and taker fee that you will be charged.
2. Calculate the size of your order. This will determine the amount of fees that you will be charged.
3. Calculate your trading volume. This will determine the margin fee that you will be charged.
4. Multiply the maker fee or taker fee by the size of your order. This will give you the amount of fees that you will be charged for the trade.
5. Multiply the margin fee by your trading volume. This will give you the amount of fees that you will be charged for the margin.
6. Add the trade fees and the margin fees together. This will give you the total amount of fees that you will be charged for the trade.

Example

Let's say that you are trading a Bitcoin futures contract with a size of 1 BTC. You are placing an order to buy the contract at a price of $10,000. The maker fee for Bitcoin futures contracts is 0.02%.

To calculate the trade fees, you would multiply the maker fee by the size of your order:

0.02% x 1 BTC = 0.0002 BTC

This means that you would be charged 0.0002 BTC in trade fees for this trade.

To calculate the margin fees, you would multiply the margin fee by your trading volume:

0.05% x 1 BTC = 0.00005 BTC

This means that you would be charged 0.00005 BTC in margin fees for this trade.

To calculate the total fees for the trade, you would add the trade fees and the margin fees together:

0.0002 BTC + 0.00005 BTC = 0.00025 BTC

This means that you would be charged a total of 0.00025 BTC in fees for this trade.