common-close-0
BYDFi
Trade wherever you are!

What are the fees for founders in perpetual contracts?

avatarMdballal HossanDec 27, 2021 · 3 years ago3 answers

Can you explain the fees associated with founders in perpetual contracts in the cryptocurrency market? How do these fees work and what are the implications for founders? Are there any specific factors that determine the fees for founders in perpetual contracts?

What are the fees for founders in perpetual contracts?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Founders in perpetual contracts usually enjoy lower fees compared to regular traders. This is because founders play a crucial role in the liquidity and stability of the market. By providing initial capital and actively trading, founders contribute to the overall trading volume and attract more traders to the platform. As a reward for their contribution, founders are often given discounted or even zero fees for their trades. This incentivizes founders to stay active and continue supporting the platform.
  • avatarDec 27, 2021 · 3 years ago
    The fees for founders in perpetual contracts can vary depending on the platform and the specific terms of the contract. Some platforms may have a fixed fee structure for founders, while others may offer a tiered fee system based on the founder's trading volume or the amount of capital they provide. It's important for founders to carefully review the fee structure before entering into a perpetual contract to ensure they understand the costs involved.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, founders in perpetual contracts are charged a fixed fee of 0.05% for each trade they make. This fee is significantly lower than the fees charged to regular traders, which can range from 0.1% to 0.2%. The lower fee for founders is designed to incentivize their participation and reward their contribution to the platform's liquidity. It's important to note that the fee structure may vary on other platforms, so it's always a good idea to check the specific terms and conditions before engaging in perpetual contracts.