Traders can see the cost of opening a position or submitting an order in the “order confirmation window” or “order area”, that is, the amount of margin required for opening a position. The commission is calculated based on the cost of the initial deposit plus Open and Open liquidity taker fee (Taker Fee) terms computed. The final actual transaction cost depends on different transaction types.

Commission cost = initial margin + liquidity withdrawal fee for opening and closing positions

Position opening fee = number of contracts x commission price x liquidity withdrawal party fee rate

Liquidation fee = number of contracts x bankruptcy price x liquidity withdrawal party fee rate

Long bankruptcy price = commission price x (1-initial margin rate)

Short position bankruptcy price = commission price x (1 + initial margin rate)

Example: A

Trader uses 50 times leverage to open a long position of 1 BTC at a price of 10,000 USD.

Initial margin = (1BTC*10000) / 50 = 200USDT

Opening fee = 1BTC x 10000 x 0.075% = 7.5USDT

Bankruptcy price = 10000 x (1 – 0.02) = 9800 USD

Closing fee = 1BTC x 9800 x 0.075 % = 7.35USDT

Commission cost = 200USDT + 7.5USDT + 7.35USDT = 214.85 USDT

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