To create an accurate and realistic trading environment, we've designed crypto trading fees on our platform (CPX) to mirror those of the top global crypto exchanges. This includes a trading fee in Futures, which is a commission applied after a successful order. The fee calculation is based on whether the transaction is classified as a [Maker] or a [Taker].
Maker
A maker order, also known as a limit order, is placed on the order book and provides liquidity to the market. It awaits a matching buy or sell order before execution and can be seen as a Limit order on trading platforms like CPX.
Taker
When a new order is placed and matches a pending order, it will be fulfilled immediately, taking the pending order out of the market and reducing liquidity. This new order is called a Taker and can be seen as a Market order on trading platforms like CPX.
Maker fees are typically lower than taker fees on most exchanges, as makers provide liquidity to the exchange's order book, attracting traders seeking liquidity. The lower fees incentivize market makers to participate on the exchange.
Generally on CoinProp, our Futures fee rate for global users are [Maker: 0.01%] and [Taker: 0.03%].
Formula of Futures Fee
Futures Fee = Position Value * Fee Rate
Position Value = Position size * Price
Note: Position size is the same as quantity/unit of a contract.
Here are some examples of how to calculate futures fees for opening and closing a position in Bitcoin, using the given formulas and assuming a Bitcoin price of $100,000:
Scenario: Ordering 1 Bitcoin Contract at $100,000 Price
Position Value: 1 Bitcoin * $100,000/Bitcoin = $100,000
Futures Fees:
Maker Fee Rate: 0.01%
Taker Fee Rate: 0.03%
Calculations:
Maker Fee (Opening or Closing): $100,000 * 0.01% = $10
Taker Fee (Opening or Closing): $100,000 * 0.03% = $30
Total Fees for Opening and Closing:
Maker (Opening and Closing): $10 + $10 = $20
Taker (Opening and Closing): $30 + $30 = $60
Note:
These examples assume that the position size is equivalent to the quantity or unit of the contract. In this case, 1 Bitcoin contract represents 1 Bitcoin.
