When users conduct contract trading on nodexx, the platform charges a certain transaction fee. Whether opening or closing a position, the fee is charged in the asset of the corresponding contract type. For example, the fee for USDT-margined contracts is charged in USDT.
The calculation of the fee differs depending on whether the trader is a maker or a taker.
Maker
When a maker (market maker) places an order in the market depth, the order enters the order book and waits to be matched with a similar buy/sell order before execution. Essentially, this provides liquidity.
Taker
When a new order matches with an existing maker order, the new order’s taker side is immediately executed, removing the maker order from the market depth/unfilled orders, thereby reducing liquidity.
In most exchanges, maker fees are generally lower than taker fees. This is because makers provide liquidity to the exchange’s order book, attracting traders seeking liquidity. Lower maker fees encourage makers to participate in the exchange.
The nodexx contract trading fee rates are as follows:
Fee = Number of contracts traded * Contract face value * Average execution price * Fee rate
Opening position fee rate: Maker fee rate: 0.04%; Taker fee rate: 0.06%
Closing position fee rate: Maker fee rate: 0.04%; Taker fee rate: 0.06%
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