Keywords: Perpetual Futures, Trading Fees, Funding Rate
1. Trading Fee Rate
Taker (executed instantly): 0.075%; The current fee rate is discounted as 0.050%.
Maker (pending orders) fee rate: 0.045%; The current fee rate is discounted as 0.020%.
VIP users can enjoy trading fee discount 👉https://bingx.com/fee
2. Funding Rate
Without a fixed delivery date, the perpetual contract price and spot price may never converge. In order to make the perpetual contract's trading price close to the spot price, we’ve introduced the funding mechanism. Funding fees do not go to the exchange, instead, they are exchanged between the long and short positions. If the funding rate is positive, long position holders shall pay funding fees to short position holders, and vice versa.
In the isolated-margin mode, the funding fee will be deducted from the initial margin (or issued as a reward); In the cross-margin mode, the funding fee will be deducted from the balance (or issued as a reward).
Funding fee payments occur every 8 hours at 00:00, 08:00, and 16:00 (UTC+8) for BingX Perpetual Futures.
Funding Rate
= Clamp (MA (((Best Bid + Best Offer)/2-Spot Index Price)/Spot Index Price
-Interest), a, b)
*Interest = 0
*All trading pairs in Perpetual Futures: a=-0.3%, b=0.3%
Risk reminder: Perpetual Futures involves leveraged trading, and some trading pairs support high leverage. When going for leveraged trading, not only the position value but also the risk is amplified. Traders should be aware of the high risks that come with high leverage.
3. Forced Liquidation
Margin Rate <= Maintenance Margin Rate + Taker Fee Rate
The maintenance margin rate is 0.5%, and there are currently no tiered ratios.
When forced liquidation occurs, the liquidated position is closed at the bankruptcy price, which means that you will lose all your initial margin. If the final liquidation price is better than the bankruptcy price, the excess margin will be remitted to the insurance fund. Conversely, if the final liquidated price is worse than the bankrupt price, the insurance fund can be used to cover the difference.