Fees charged on both open and close a position. If maker fee is negative, there would be a fees rebates if you post liquidity to the market.
No fees would be charged should the position is closed by forced liquidation.
|Futures Open Position Fee||Maker Fee||Taker Fee||Delivery Fee|
Token trading Fee
Token trading is as well adopting the same maker-taker model
Maker Fee: -0.1% Taker Fee: 0.1%
In Token to Token trading, ETH/BTC=0.1
Maker order from A: buy 100 ETH
Taker order from B: sell 100 ETH
Let's take a common maker-taker fee percentage used by most digital asset exchanges, which is 0.1%. Therefore, the maker-taker fees are: 100 ETH x 0.1% = 0.1 ETH;
A (maker): Deduct 10BTC, add 99.9ETH (-10BTC +100ETH -0.1ETH)
B (taker): Add 10BTC, deduct 100.1ETH (+10BTC -100ETH -0.1ETH)
However, in OKEx, we offer a maker fee of -0.1% and taker fee of 0.1%. Therefore, A will earn a 0.1% of maker fee instead.
A (maker): Deduct 10 BTC, add 100.1 ETH (-10BTC +100ETH +0.1ETH)
B (taker): Add 10 BTC, deduct 100.1 ETH (+10BTC -100ETH -0.1ETH)
In short, OKEx does not charge the maker for any order fee. Instead, the maker can even earn the fee if the order is filled!
Conditions of being a order maker:
1. You must initial a limit order but not market order
2.If a buy limit order and a sell limit order of the same price are placed on our order book and matched for transaction,
the order created prior to the other one will be regarded as the maker order. And hence, the order created after will be regarded as taker order.