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How are the fees calculated for spot trading?

  • Updated

When trading on BitMEX, there are two types of fees: Taker Fees and Maker Fees. Here is what these fees mean: 

 

Taker Fees

  • Taker fees are charged when you place an order that is executed immediately at the market price.
  • These fees apply when you are "taking" liquidity from the order book.
  • The fee amount is calculated based on the appropriate fee tier.
  • BitMEX assumes the highest fee based on the fee tier and locks the total order amount plus fees.

 

Maker Fees

  • Maker fees are charged when you place an order that is not executed immediately but instead adds liquidity to the order book.
  • These fees apply when you are "making" liquidity by placing a limit order.
  • The fee amount is calculated based on the appropriate fee tier.
  • BitMEX assumes the highest fee based on the fee tier and locks the total order amount plus fees.

 

Example Scenario

Suppose you want to place a buy order of 1 XBT (Bitcoin) at a limit price of 40,000.00 USDT (Tether).

  • Before executing the trade, the system checks if you have sufficient balance to cover the trade.
  • Based on the fee rate of 0.1%, you will need to have at least 40,040.00 USDT in your wallet to submit this trade.
  • If the actual fee amount, when the order is filled, turns out to be lower than the initially assumed fees, the difference will be refunded to you.

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