Position Exchange's Futures Transaction Fees

Futures transaction fees:

The transaction fee is calculated based on your notional value

How are transaction fees calculated?

Formula for Perpetual transaction fees:

Transaction fee = Notional value × Transaction fee rate

Nominal value = Order Quantity × Order Price (Avg. Price for Market Order)

For Position Exchange users, Maker fees are 0.01% and Taker fees are 0.02%.

Buying 1 BTCBUSD Futures Contract using a Market Order and leverage of 10x:

Suppose that the average filled price is 49,000 BUSD

Notional value

= Order Quantity × Order Price (Avg. Price for Market Order)

= 1 BTC × 49,000

= 49,000

Then, there is a transaction fee of 49,000 × 0.02% = 9.8 BUSD.

Initial Margin

= Order Quantity / Leverage * Order Price (Avg. Price for Market Order)

= 1/10 * 49,000

= 4,900 BUSD

So the final amount you need to pay to open a Market order is 4,909.8 BUSD.

Note: Before opening a position on Position Exchange, you should be aware that you will need to pay the gas fee for the blockchain because all transactions happen on-blockchain. The amount of the gas fee will depend on the source chain.