-
Bitcoin $97,805.8982
1.09% - Ethereum
$2,693.6772
-0.40% - XRP
$2.4478
5.00% - Tether USDt
$1.0002
-0.07% - Solana
$197.8676
3.67% - BNB
$583.5799
1.16% - USDC
$0.9999
-0.05% - Dogecoin
$0.2520
1.24% - Cardano
$0.7223
1.31% - TRON
$0.2331
2.27% - Chainlink
$18.8491
1.24% - Avalanche
$24.9800
0.78% - Stellar
$0.3358
5.12% - Sui
$3.1433
-0.99% - Toncoin
$3.7895
0.62% - Hedera
$0.2396
3.03% - UNUS SED LEO
$9.8104
0.12% - Shiba Inu
$0.0...01526
1.28% - Bitget Token
$6.6413
-0.35% - Litecoin
$104.3621
2.89% - Hyperliquid
$23.2654
-3.55% - Polkadot
$4.7074
3.94% - Bitcoin Cash
$325.4176
2.23% - Ethena USDe
$1.0000
-0.02% - MANTRA
$6.1906
8.96% - Uniswap
$9.0522
0.48% - Dai
$0.9998
-0.03% - Ondo
$1.4004
6.35% - Pepe
$0.0...09356
-0.17% - NEAR Protocol
$3.2903
3.58%
How to calculate Upbit contract fees
For a maker, buying a perpetual contract worth $1,000 with a base fee of 0.03% and a maker rebate of 0.015% would result in a total fee of $0.2805 after applying a VIP Level 1 discount of 5%.
Nov 08, 2024 at 02:50 am
How to Calculate Upbit Contract Fees
1. Understand the Fee Structure
Upbit's contract fee structure is based on a maker-taker model, where makers (users who add liquidity to the order book) pay lower fees than takers (users who remove liquidity). The fee structure also varies depending on the contract type and the user's VIP level.
2. Calculate the Base Fee
The base fee is the standard fee charged for each contract trade. It is calculated as a percentage of the contract value and is determined by the contract type. For example, the base fee for perpetual contracts is 0.03%.
3. Calculate the Maker Rebate
Makers receive a rebate on their trading fees. The rebate is calculated as a percentage of the base fee and is also determined by the contract type. For example, the maker rebate for perpetual contracts is 0.015%.
4. Calculate the Taker Fee
Takers pay a higher fee than makers. The taker fee is calculated as a percentage of the base fee and is also determined by the contract type. For example, the taker fee for perpetual contracts is 0.06%.
5. Calculate the VIP Discount
Upbit offers a VIP program that provides discounts on trading fees. The VIP discount is calculated as a percentage of the base fee and is determined by the user's VIP level. For example, VIP Level 1 users receive a 5% discount on trading fees.
6. Calculate the Total Fee
The total fee is the sum of the base fee, the maker rebate (if applicable), and the taker fee (if applicable). The total fee is also subject to the VIP discount (if applicable).
Example:
Let's say you are a VIP Level 1 user and you want to buy a perpetual contract worth $1,000. The base fee for perpetual contracts is 0.03%. Your VIP discount is 5%.
Calculation:
- Base Fee = $1,000 x 0.03% = $0.30
- Maker Rebate = $0.30 x 0.015% = $0.0045
- Taker Fee = NA (since you are not a taker)
- VIP Discount = $0.30 x 5% = $0.015
- Total Fee = $0.30 - $0.0045 - $0.015 = $0.2805
Therefore, the total fee for this trade would be $0.2805.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Maximize Your Crypto Investment: Discover the Power of XRP and Avoid Pitfalls!
- 2025-02-08 01:56:04
- Bitcoin Mining Difficulty Will Jump This Sunday, Data Shows
- 2025-02-08 01:56:04
- Coinbase Adds Morpho (MORPHO), Pudgy Penguins (PENGU), and Popcat (POPCAT) Tokens to Its Roadmap
- 2025-02-08 01:56:04
- Solana (SOL) Price Prediction 2023: Can SOL Recover Its ATH?
- 2025-02-08 01:56:04
- Rexas Finance (RXS) Token Is Gaining Momentum With an 8x Surge, Drawing Investor Interest Ahead of Its June 2025 Launch
- 2025-02-08 01:56:04
- Arctic Pablo Coin (APC): A Top Meme Coin Contender With a Deflationary Mechanism and Promising Presale
- 2025-02-08 01:56:04
Related knowledge
What are the impacts of different contract leverage multiples?
Dec 16,2024 at 12:46pm
Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...
Which is more suitable for novices, contract trading or margin trading on Huobi.com?
Dec 16,2024 at 12:44pm
Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...
What does the leverage ratio of contract trading mean?
Dec 16,2024 at 12:43pm
What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...
What scams exist in leveraged trading of virtual currency contracts?
Dec 16,2024 at 12:42pm
What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...
What is 20x leverage on Bitcoin contracts?
Dec 16,2024 at 12:40pm
What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...
What is the difference between Huobi’s margin trading and contract trading?
Dec 16,2024 at 12:39pm
Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...
What are the impacts of different contract leverage multiples?
Dec 16,2024 at 12:46pm
Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...
Which is more suitable for novices, contract trading or margin trading on Huobi.com?
Dec 16,2024 at 12:44pm
Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...
What does the leverage ratio of contract trading mean?
Dec 16,2024 at 12:43pm
What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...
What scams exist in leveraged trading of virtual currency contracts?
Dec 16,2024 at 12:42pm
What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...
What is 20x leverage on Bitcoin contracts?
Dec 16,2024 at 12:40pm
What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...
What is the difference between Huobi’s margin trading and contract trading?
Dec 16,2024 at 12:39pm
Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...
See all articles
