Key Words: Trading Fee, Funding Fee, Max. Profit Rate
1. Fee Schedule of Standard Futures
1. The spread depends on the Long to Short Ratio. If long positions > short positions, the spread of buying will be larger, and vice versa.
2. Calculation Method
When there is a spread in the long position, Long Price = Current Price * (1 + Spread Ratio);
When there is a spread in the short position, Short Price = Current Price * (1 - Spread Ratio).
3. The spread ratio will be adjusted dynamically based on the change in market depth.
|BTC/USDT||0.02% ~ 0.1%|
|Others||0.02% ~ 0.2%|
Reminder: The spread ranges shown above are only for reference. During extremely volatile market conditions, the spread may be larger than the examples listed in the table above.
4. Considering the market conditions and liquidity, if a user's positions are large (including opened positions and pending orders), the spread fee will be adjusted slightly and will be allocated to both sides. (Users with smaller positions are less affected or not affected.)
Please note: The spread between the orders placed by the copy trader and followers will be adjusted according to the market depth consumed by the total position size of all copied orders under the same trader.
5. Operations of position opening/closing and TP/SL need to consume market depth (especially high-frequency trading, large orders require more depth). Thus, when the market depth is insufficient, orders will be traded at the actual price corresponding to the consumed market depth. The system does not guarantee that orders will be filled with the current mark price or the preset TP/ SL price.
Trading Fee for Standard Futures
1. Trading Fee Rate: 0.075% (The current fee rate is discounted as 0.045%.)
Calculation Method: Trading Fee = Trade Volume * Trading Fee Rate (One-Time Charge)
The Trading Fee for Standard Futures is recorded when opening a position and deducted when closing a position.
Optimization of Settlement Rules for Funding Fees on BingX: https://support.bingx.com/hc/en-001/articles/900004773026-Optimization-of-Settlement-Rules-for-Funding-Fees-on-BingX
When the funding rate is positive, Longs pay Shorts.
When the funding rate is negative, Shorts pay Longs.
2. Funding Timetable
Funding occurs every 8 hours at 0:00, 8:00 and 16:00 (UTC+8 ).
Users can observe the current funding rate for a contract on the “ Position” page. Funding Rates will be settled when closing a position.
Funding Fee = Total Trading Volume * Funding Rate (If the funding rate is negative, you will receive a funding reward.)
The funding rate is calculated by the platform at the time of charging.
2. Max. Profit Rate of Standard Futures
Isolated Margin: For BTC/USDT trading, the maximum profit rate of a single contract trade is 2000%, and for other trading pairs the maximum profit rate is 1000%.If the profit rate exceeds the maximum, the system will take over your position and close your position at the maximum profit rate.
Cross Margin Mode: The max. profit rate for a Cross Margin trade is 2,000 % of the fund in the user's Standard Futures Account or the position margin (whichever is larger). When the profit rate reaches the maximum, the system will take over your position and close your position at 2,000 % of the account fund or the position margin.
Note: 1. The account fund here refers to the user's settled equity. Account Fund = Net “Transfer-In” Funds + Settled P&L and Fees.2. When the max. take profit is triggered, no matter how much the actual profit of the current position is, it will actually be settled and issued to your account at the max. profit rate - 2,000%.
1,000 USDT is transferred into the Standard Futures account. After trading, you lose 200 USDT. You are with 800 USDT account funds. Then you use 100 USDT to open a BTC/USDT trade. When the unrealized P&L in your account reaches 2,000% of 800 USDT (16,000 USDT), your opened position will be closed at the max. profit rate.
① 1,000 USDT is transferred into the Standard Futures account. Use 100 USDT to long the BTC/USDT trading pair and another 100 USDT to short.② The Long position profits 1,500 USDT while the Short position loses 1,500 USDT; the total unrealized P&L is 0; the net asset value (NAV) is 1,000 USDT; there is a loss of 200 USDT after trading. The account funds are of 800 USDT currently.
③ The short position with 1,500 USDT loss is closed; the NAV is still 1,000 USDT; the available margin is 800 USDT, and the position margin is 200 USDT; the unrealized P&L is 1,500 USDT. Due to a deduction of 1,500 USDT when closing the position, and that the initial account fund is 1,000 USDT, the actual account fund is -500 USDT.
Max. Profit Rate: 2,000 % of the account fund or the position margin (whichever is larger) in the user's Standard Futures account. Considering that the position margin is larger, the max. take profit will be triggered when the profit rate reaches 2,000% of the position margin. The current unrealized P&L is 1,500 USDT. Considering that the current unrealized P&L is 1500 USDT, the profit will trigger the max. take profit when it increases by 500 USDT.
Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before conducting contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether to participate in contract trading based on their investment experience, goals, financial status, and ability to bear risks.