【Tutorial】DigiFinex's instructions on futures trading fee rates

Dear Users,

According to market conditions and operational needs, from 10:00 on October 12, 2020 (GMT+8), DigiFinex will adjust the future transaction fee rate to 0.03% for the maker and 0.05% for the taker.

What Do "Maker" and "Taker" Mean?
Taker:
When you place an order that trades immediately before going on the order book, either filling partially or fully, those trades will be "taker" trades.
Trades from Market orders are always Takers, as Market orders can never go on the order book. These trades are "taking" volume off of the order book, and therefore called the "taker."

Maker:
When you place an order that goes on the order book partially or fully, such as a limit order, any subsequent trades coming from that order will be as a “maker.”
These orders add volume to the order book, helping to "make the market," and are therefore termed the "maker" for any subsequent trades.

How to calculate the commission for U-margined contracts?
Commission fee = notional value*fee rate
For U-margined contracts: Notional value = contract quantity x contract face value x trade price

For example, regular maker commission: 0.03%; taker commission: 0.05%.
Using a market order to buy 1,000 BTCUSDT contracts with a contract value of 0.001BTC/contract: Notional value = contract quantity (number of contracts) x contract face value x opening price
= 1000 contracts x 0.001BTC/contract x 10,104
= 10,104.
Taker fee to be paid: 10,104 x 0.05% = 5.052 USDT
After the price rises, use the limit price to sell 1 BTC BTCUSD contract:
Notional value = contract quantity (number of contracts) x contract face value x closing price
= 1000 contracts x 0.001BTC/contract x 11,104
= 11,104.
Maker fee to be paid: 11,104 x 0.03% = 3.3312 USDT

How to calculate the commission for Coin-margined contracts?
Commission fee = notional value*fee rate
For Coin-margined contracts: Notional Value = (contract quantity x contract face value) / trade price

For example, regular maker commission: 0.03%; taker commission: 0.05%.
Using a market order to buy 10 BTCUSD contracts with a contract value of 100 USDT/contract: Notional value = (contract quantity x contract face value) / opening price
= (10 contracts x 100 USDT) / 10,104USDT
= 0.09897 BTC.
Taker fee to be paid: 0.09897 x 0.05% = 0.00004948 BTC
After the price rises, use a limit order to sell 10 BTCUSD contracts:
Notional value = (contract quantity x contract face value) / closing price
= (10 contracts x 100 USDT) / 11,104 USDT
= 0.09006 BTC.
Maker fee to be paid: 0.09006 x 0.03% = 0.00002702 BTC

Thank you for your support!

DigiFinex Team
July 14th, 2022

DigiFinex communities：
Telegram Activity Airdrop：https://t.me/DigiFinexAirdrop365
Telegram Official Community: https://t.me/DigiFinexEN
Telegram AMA Community: https://t.me/DigiFinexAMA
Official Facebook：https://www.facebook.com/digifinex.global
Official Twitter: https://twitter.com/digifinex
Official Instagram：https://www.instagram.com/digifinex.global
Official Medium: https://medium.com/@digifinex
Official Reddit: https://www.reddit.com/user/DigiFinex/

DigiFinex (digifinex.com)DIGIFINEX LIMITED. reserves all rights of this event, including but not limited to adjustment, explanation, and termination at any time