How much is the handling fee for BigONE 100 times leverage?

For a trade size of $100,000 with a maker order, the BigONE handling fee for 100x leverage would be $2 (0.02% of the trade size).

Nov 27, 2024 at 03:00 pm

How much is the handling fee for BigONE 100 times leverage?

BigONE Handling Fees for 100x Leverage:

Maker: 0.02%
Taker: 0.05%

Additional Fees:

Overnight Funding Fee: Varies based on market conditions and can be positive or negative.
Withdrawal Fee: Specific fees apply for withdrawing different cryptocurrencies.
Deposit Fee: No deposit fees are charged.

Example Calculation:

Trade Size: $100,000
Maker:
- Handling Fee: $100,000 * 0.02% = $2
Taker:
- Handling Fee: $100,000 * 0.05% = $5

In-depth Explanation:

Maker vs. Taker Fees:

Maker: A user who places an order that adds liquidity to the order book by placing a limit order below (for asks) or above (for bids) the current market price.
Taker: A user who places an order that immediately executes against an existing order in the order book, removing liquidity from the market.

Overnight Funding Fee:

When holding a leveraged position overnight, a funding fee is applied to adjust the positions of traders, ensuring the leverage market remains balanced.
The funding fee can be positive (paid by shorts to longs) or negative (paid by longs to shorts) depending on market conditions and the underlying asset's demand.

Withdrawal Fees:

The specific withdrawal fees for different cryptocurrencies vary and are subject to change.
Users can check the withdrawal fee for their specific cryptocurrency before initiating a withdrawal.

Steps to Calculate Handling Fees:

Determine Trade Size: Calculate the total value of the trade in USD.
Identify Maker/Taker: Determine if the order is a maker or taker order based on its placement in the order book.
Apply Fee Percentage: Multiply the trade size by the appropriate handling fee percentage (0.02% for makers, 0.05% for takers).
Calculate Handling Fee: The result from step 3 represents the handling fee for the trade.

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