What are the fees and charges associated with trading perpetual futures on FTX US?
blessed chihowaDec 28, 2021 · 3 years ago5 answers
Can you provide a detailed explanation of the fees and charges that traders need to consider when trading perpetual futures on FTX US?
5 answers
- Dec 28, 2021 · 3 years agoWhen trading perpetual futures on FTX US, there are several fees and charges that traders should be aware of. Firstly, there is a taker fee, which is charged when you remove liquidity from the order book. The taker fee starts at 0.07% and can be reduced based on your trading volume. Secondly, there is a maker fee, which is charged when you add liquidity to the order book. The maker fee starts at -0.02% and can also be reduced based on your trading volume. Additionally, there is a funding fee, which is paid by traders who hold positions in perpetual futures overnight. The funding fee is calculated based on the funding rate and is typically paid every 8 hours. It's important to note that the funding fee can be positive or negative, depending on the direction of the funding rate. Finally, there may be withdrawal fees for transferring funds out of your FTX US account, which can vary depending on the cryptocurrency you are withdrawing. It's recommended to check the FTX US website for the most up-to-date information on fees and charges.
- Dec 28, 2021 · 3 years agoTrading perpetual futures on FTX US comes with certain fees and charges. Traders should be aware of the taker fee, which is incurred when executing market orders and removing liquidity from the order book. The taker fee starts at 0.07% and can be reduced based on trading volume. On the other hand, the maker fee is charged when placing limit orders and adding liquidity to the order book. The maker fee starts at -0.02% and can also be reduced based on trading volume. Additionally, traders need to consider the funding fee, which is paid by those who hold positions in perpetual futures overnight. The funding fee is calculated based on the funding rate and is typically settled every 8 hours. It's worth noting that the funding fee can be positive or negative, depending on the direction of the funding rate. Lastly, there may be withdrawal fees for transferring funds out of your FTX US account, which can vary depending on the cryptocurrency being withdrawn. For the most accurate and up-to-date information on fees and charges, it's recommended to refer to the FTX US website.
- Dec 28, 2021 · 3 years agoWhen it comes to trading perpetual futures on FTX US, it's important to understand the fees and charges involved. Traders should take note of the taker fee, which is incurred when executing market orders and removing liquidity from the order book. The taker fee starts at 0.07% and can be reduced based on trading volume. On the other hand, the maker fee is charged when placing limit orders and adding liquidity to the order book. The maker fee starts at -0.02% and can also be reduced based on trading volume. Additionally, traders need to consider the funding fee, which is paid by those who hold positions in perpetual futures overnight. The funding fee is calculated based on the funding rate and is typically settled every 8 hours. It's worth mentioning that the funding fee can be positive or negative, depending on the direction of the funding rate. Lastly, there may be withdrawal fees for transferring funds out of your FTX US account, which can vary depending on the cryptocurrency being withdrawn. It's always a good idea to check the FTX US website for the most accurate and up-to-date information on fees and charges.
- Dec 28, 2021 · 3 years agoTrading perpetual futures on FTX US involves certain fees and charges that traders should be aware of. The taker fee is applied when executing market orders and removing liquidity from the order book. The taker fee starts at 0.07% and can be reduced based on trading volume. On the other hand, the maker fee is charged when placing limit orders and adding liquidity to the order book. The maker fee starts at -0.02% and can also be reduced based on trading volume. Traders also need to consider the funding fee, which is paid by those who hold positions in perpetual futures overnight. The funding fee is calculated based on the funding rate and is typically settled every 8 hours. It's important to note that the funding fee can be positive or negative, depending on the direction of the funding rate. Lastly, there may be withdrawal fees for transferring funds out of your FTX US account, which can vary depending on the cryptocurrency being withdrawn. For the most accurate and up-to-date information on fees and charges, it's recommended to visit the FTX US website.
- Dec 28, 2021 · 3 years agoWhen trading perpetual futures on FTX US, you'll encounter various fees and charges. The taker fee is applicable when executing market orders and removing liquidity from the order book. Starting at 0.07%, the taker fee can be reduced based on trading volume. On the other hand, the maker fee is incurred when placing limit orders and adding liquidity to the order book. Starting at -0.02%, the maker fee can also be reduced based on trading volume. Traders should also take into account the funding fee, which is paid by those who hold positions in perpetual futures overnight. Calculated based on the funding rate, the funding fee is typically settled every 8 hours. It's worth noting that the funding fee can be positive or negative, depending on the direction of the funding rate. Lastly, there may be withdrawal fees for transferring funds out of your FTX US account, which can vary depending on the cryptocurrency being withdrawn. To get the most accurate and up-to-date information on fees and charges, it's advisable to refer to the FTX US website.
Related Tags
Hot Questions
- 86
How does cryptocurrency affect my tax return?
- 76
How can I protect my digital assets from hackers?
- 59
Are there any special tax rules for crypto investors?
- 50
What is the future of blockchain technology?
- 46
How can I minimize my tax liability when dealing with cryptocurrencies?
- 31
What are the best practices for reporting cryptocurrency on my taxes?
- 23
How can I buy Bitcoin with a credit card?
- 14
What are the advantages of using cryptocurrency for online transactions?