Guide to Spot and Futures Trading Fees on WEEX

Understanding the fee structure is vital for trading on WEEX. Whether you’re engaging in spot or futures trading, knowing how fees are calculated helps you optimize your trades. This guide details WEEX’s fee calculations and highlights the latest discounts and related charges.

WEEX Spot Trading Fees

Spot trading fees on WEEX are clear and simple:

• Spot Trading Fees: 0.1% for both makers and takers.

This means a 0.1% fee applies to the transaction value for every buy or sell on the spot market, whether you’re a maker or taker.

WEEX Futures Trading Fees

Futures trading features a varied fee structure with different rates for makers and takers:

• Makers: 0.02% fee rate.

• Takers: 0.08% fee rate.

In futures, makers add liquidity with orders that aren’t filled instantly, while takers remove liquidity by matching existing orders immediately.

How Are Trading Fees Calculated?

Fee calculations depend on factors like opening, closing, or reducing positions. Here’s how they work:

• Spot Trades: Fees are computed as 0.1% of the trade value.

• Futures Trades: The calculation is more complex, using the formula:

  • Transaction Fee = (Entry Price × Futures Nominal Value × Quantity × Maker or Taker Rate)

This reflects your position’s value and your maker or taker status.

Fees apply only when you open, close, or reduce positions, not for unfilled or canceled orders. They’re deducted from your position margin and based on position value, unaffected by leverage.

Fee Discounts for WEEX Traders

To ease trading costs, WEEX offers attractive discounts:

• VIP Members: Holding WXT grants WEEX VIPs up to 70% off futures trading fees, with savings tied to your VIP level.

• Futures Fee Promotions: WEEX hosts events offering reduced fees, such as discounts for holding WXT over specific periods.

Additional Fees on WEEX

Beyond trading fees, consider these charges:

• Deposit Fees: None.

• Withdrawal Fees: Vary by cryptocurrency and network conditions, with no fixed rate due to potential congestion.

Where to Check Fee Rates

WEEX makes fee information accessible:

• In the WEEX App: Tap the profile icon, then select [Fee Rates] to view the fee schedule for all tokens.

• Withdrawal Interface: See specific crypto and chain fees at the bottom of the withdrawal page.

Understanding Makers and Takers

• Maker Orders: These boost market liquidity, like limit orders listed in the order book, charged at the lower 0.02% maker fee.

  • GTC Orders (Good-Till-Canceled) may be maker or taker, depending on execution.

  • Use “Maker Only” to ensure your order enters the order book.

• Taker Orders: These reduce liquidity, like market orders filled instantly, charged at the higher 0.08% taker fee.

  • IOC (Immediate or Cancel) and FOK (Fill or Kill) orders are treated as taker orders.

Conclusion

Grasping WEEX’s fee calculations is key to enhancing your trading efficiency. Whether trading spot or futures, you can benefit from VIP discounts, with up to 70% off futures fees by holding WXT. The fee structure is transparent, and this guide helps you strategize trades to boost profits.

Keep track of fee rates and seize special discount events to lower costs. The more you trade and elevate your VIP level, the more you can save!

For details, visit the WEEX Fee Rates page to make informed trading choices.