Market Cap: $2.7386T 4.470%
Volume(24h): $80.0112B -12.790%
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21 - Extreme Fear

  • Market Cap: $2.7386T 4.470%
  • Volume(24h): $80.0112B -12.790%
  • Fear & Greed Index:
  • Market Cap: $2.7386T 4.470%
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How does Dubai OKX perpetual contract charge

For perpetual contract takers, OKX charges a competitive 0.05% fee, while makers enjoy a unique fee structure with rebates as low as -0.01%.

Oct 19, 2024 at 09:11 am

Dubai OKX Perpetual Contract Fees

1. Taker Fees

  • Maker fees: 0.02%
  • Taker fees: 0.05%

2. Maker Fees

  • Maker fees for market takers: 0.02%
  • Maker fees for market makers: -0.01%

3. Funding Rates

  • Funding rates are charged every 8 hours at a variable rate.
  • The funding rate is determined by the difference between the perpetual contract price and the spot price of the underlying asset.

4. Other Fees

  • Withdrawal fees: Vary depending on the cryptocurrency withdrawn.
  • Deposit fees: Free for most cryptocurrencies.

Explanation:

  • Maker fees are paid when you submit an order that is not immediately executed.
  • Taker fees are paid when you submit an order that is immediately executed against an existing order on the order book.
  • Market takers are traders who execute market orders, while market makers are traders who provide liquidity to the market by placing limit orders.
  • Funding rates are designed to ensure that the price of the perpetual contract tracks the spot price of the underlying asset.
  • Withdrawal fees cover the cost of processing withdrawal requests.
  • Deposit fees are not usually charged for cryptocurrencies, but some fiat currencies may have a small deposit fee.

Conclusion:

OKX perpetual contracts have transparent and competitive fees compared to other exchanges. The combination of maker fees and funding rates creates a favorable trading environment for both market takers and market makers.

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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!

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