Fees and Funding Rate
1. Spot Trading
Trading Fee Rate:
Flat rate: 0.2%
No distinction between Maker and Taker
2. Futures Trading
Matching Fee Mechanism:
Maker: 0.05%
Taker: 0.05%
Definitions:
Maker: A user who places a limit order that is not immediately filled. Makers add liquidity to the market.
Taker: A user who places an order that is immediately matched with an existing order, typically through a market order. Takers consume liquidity.
The specific fee amount will be displayed on the order confirmation page and recorded in the trade history.
3. VIP Tiered Fee Discount System
ChainBitX offers a VIP program for active traders, based on their trading volume over the past 30 days.
The higher the VIP level, the lower the trading fees.
Users can view their current VIP level and the requirements for the next level in the "Account Settings" section.
VIP level upgrades can be accelerated by increasing trading volume or participating in platform events.
4. Funding Fee Settlement (For Futures Only)
Applies only to users with open positions. No funding fees are charged if no positions are held.
Settlement Times (Daily, UTC+8):
00:00
08:00
16:00
Fee Direction:
Positive: Users pay the funding fee
Negative: Users receive funding
The funding rate is dynamically adjusted based on the market's long/short demand balance.
Settlement Method:
Funding fees are automatically deducted from or credited to the user’s account balance.
No manual action is required.
Users are advised to monitor their positions and account balance, especially before funding settlement times, to avoid potential liquidation or other risks.
5. Position Limit
Each user may hold up to 50 open positions simultaneously.