When users trade futures on JuCoin, the platform charges a certain transaction fee. Whether opening or closing a position, the fee is charged in the corresponding asset of the traded contract. Futures trading fees are charged after the order is successfully placed. For example, fees for USDT-margined contracts are charged in USDT.
The calculation formula for fees varies depending on whether the trader is a maker or a taker.
Maker
When a market depth maker/market maker (Maker) places an order, the order enters the order book and waits for a matching buy/sell order to execute. This essentially provides liquidity.
Taker
When a new order matches with an existing order, the taker (Taker) of the new order is immediately executed. This removes the pending order from the market depth, thereby reducing liquidity.
In most exchanges, maker fees are typically lower than taker fees. This is because makers provide liquidity to the exchange through their order books, helping to attract traders seeking liquidity. Lower maker fees encourage makers to join the exchange.
JuCoin Futures Trading Fee Rates:
Fee = Number of Contracts Traded * Contract Face Value * Average Execution Price * Fee Rate
Opening Fee Rate: Maker Fee Rate: 0.04%; Taker Fee Rate: 0.06%
Closing Fee Rate: Maker Fee Rate: 0.04%; Taker Fee Rate: 0.06%