Trading Fee Calculations of USDⓈ-M Perpetual Futures

Trading Fees

The trading fee is required on the FameEX platform according to the fee rate level when making futures trading. The trading fee will only be charged after the order is completed, and will not be charged if the order is not completed.

Futures Trading Fees

You can view the VIP level tiers and corresponding futures fees on the FameEX platform’s ‘Announcement of Fee Adjustment’.

Fee Rates Rules:

● Rate Levels: Futures trading fee rates are divided into VIP levels from VIP.0 to VIP.9. Higher trading volume results in a higher VIP level and lower corresponding fees.

● Automatic Upgrade: If your trading volume or assets meet the criteria for a higher VIP level, the system will automatically upgrade your level at 00:00 (UTC+8) the following day.

● Level Period: If you don’t meet the requirements for your current level on the day after an upgrade, you will still retain your current VIP level for one full calendar day.

● Mandatory Downgrade: If you fail to meet the criteria for your current level for two consecutive days, the system will automatically downgrade you to the highest VIP level for which you qualify.

Fee Calculation

Futures Trading Fee = Quantity * Filled Price * Fee Rate

For example, under the hedge-way position mode, a regular user (fee rate level is VIP.0) opened a Long BTCUSDT position with 0.5 BTC at the market price of 28,000 USDT as a Taker; after that, the user closed this Long position at the limit price of 29,000 USDT, and the quantity was 0.5 BTC.

For example, under the hedge-way position mode, a regular user (VIP.0 fee rate level) opened a long BTCUSDT position with 0.5 BTC at the market price. The order is fully filled as a taker at 28,000 USDT. After opening the position, the user places a limit order to close the long at 29,000 USDT. As the market rises, the close order is fully executed.

[ Regular User’s Fee Rate: Maker: 0.02% | Taker: 0.06% ]

Opening Fee: 0.5 * 28,000 * 0.06% =8.4 USDT

Closing Fee: 0.5 * 29,000 * 0.02% = 2.9 USDT

Note:

1. A maker is a user who places an order that does not immediately match with existing orders in the market. Instead, the order is added to the order book and waits for other users to match with it. This action is referred to as being a Maker. A taker is a user who places an order that immediately matches with existing orders in the order book. This action is referred to as being a Taker.

2. The trading fee is related to the position value of the user's actual transaction and the fee rate VIP level. The higher the fee rate VIP level, the lower the trading fee.