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Can you explain the fee structure for futures contracts on FTX?

avatarCHARLES AGYEMANGDec 17, 2021 · 3 years ago3 answers

Could you please provide a detailed explanation of the fee structure for futures contracts on FTX? I would like to understand how the fees are calculated and what factors can affect them.

Can you explain the fee structure for futures contracts on FTX?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! When it comes to the fee structure for futures contracts on FTX, there are a few key factors to consider. Firstly, FTX charges a taker fee and a maker fee. The taker fee is applied when you place an order that is immediately filled, while the maker fee is applied when you place an order that adds liquidity to the order book. The fees are tiered based on your trading volume, so the more you trade, the lower your fees will be. Additionally, FTX offers a fee discount if you hold and use their native token, FTT. By holding FTT, you can receive a discount on your trading fees. It's important to note that the fee structure may vary for different types of futures contracts and trading pairs on FTX, so it's always a good idea to check the platform for the most up-to-date information.
  • avatarDec 17, 2021 · 3 years ago
    No problem! The fee structure for futures contracts on FTX is designed to be competitive and transparent. FTX charges a percentage fee based on the notional value of your position. The fee rates vary depending on the trading volume and whether you are a maker or a taker. As a maker, you can enjoy lower fees as you provide liquidity to the market. On the other hand, as a taker, you will pay slightly higher fees for taking liquidity from the market. FTX also offers fee discounts for high-volume traders and users who hold FTT, their native token. It's worth noting that the fee structure may be subject to change, so it's always a good idea to check FTX's website or contact their customer support for the most accurate and up-to-date information.
  • avatarDec 17, 2021 · 3 years ago
    Certainly! The fee structure for futures contracts on FTX is quite straightforward. FTX charges a taker fee and a maker fee, which are based on your trading volume. The more you trade, the lower your fees will be. In addition, FTX offers a fee discount if you hold and use their native token, FTT. By holding FTT, you can receive a discount on your trading fees. It's important to note that FTX is known for its competitive fee structure compared to other exchanges in the market. However, it's always a good idea to compare the fee structures of different exchanges and choose the one that best suits your trading needs. If you have any specific questions about the fee structure on FTX, feel free to ask!