What are the fees associated with trading on the BitMEX exchange?
Andrew FrappaDec 15, 2021 · 3 years ago1 answers
Can you provide a detailed explanation of the fees associated with trading on the BitMEX exchange? I would like to know the different types of fees, how they are calculated, and if there are any discounts available.
1 answers
- Dec 15, 2021 · 3 years agoWhen it comes to trading on BitMEX, there are several fees to consider. The main fee is the trading fee, which is charged for each executed trade. The trading fee is calculated based on the contract's notional value and the fee rate, which can vary depending on the contract type and trading volume. In addition to the trading fee, there may be funding fees for perpetual contracts, which are charged periodically to maintain the contract's price alignment with the underlying asset's price. BitMEX also offers a fee discount program for high-volume traders, allowing them to enjoy lower trading fees. Overall, BitMEX's fee structure is competitive within the cryptocurrency exchange industry.
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