Abstract: With the continuous development of the digital currency market, more and more people are starting to engage in contract trading. OK Contract is currently one of the more popular contract trading platforms in the market. This article will detail the fee standards of OK Contract, helping you understand the details of OK Contract fees.
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I. Fee Calculation Method
The fee calculation method for OK Contract is divided into opening fees and closing fees. The opening fee is charged at 0.02% of the contract value, while the closing fee is charged at 0.01% of the contract value. Additionally, if users choose to pay fees with OKB, they will enjoy certain discounts, with fees charged based on the above rules and then further discounted accordingly.
It is important to note that the fee calculation method for OK Contract may vary between different contract varieties. Therefore, before trading, it is recommended that users check the fee calculation rules for the relevant contract varieties to facilitate more reasonable trading.
II. Fee Reduction Rules
In OK Contract, there are various fee reduction rules that users can choose from based on their own situation:
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VIP Users: The OK Contract platform will provide different levels of fee reductions based on the user's VIP level. The higher the VIP level, the greater the fee reduction.
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Maker Contribution: In OK Contract, if a user's trade is a maker order on the order book, the user will receive a fee reduction based on their maker trading volume, allowing for lower maker fees.
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Unrealized Profit and Loss Exceeding $1,000: If a user's unrealized profit and loss exceed $1,000, they will enjoy a waiver of the closing fee.
It is important to note that there may be a cumulative effect between different fee reduction rules, and users can choose and combine them based on their own situation and needs.
III. Fee Settlement Method
In OK Contract, the fee settlement method is divided into real-time settlement and daily settlement. Real-time settlement means that fees are settled immediately after each transaction, and the fees will be deducted from the user's account balance; while daily settlement occurs at 00:00 UTC each day.
It is important to note that in OK Contract, if a user's account balance is insufficient to pay the fees, it will result in the inability to open or close positions. Therefore, it is recommended that users recharge in advance to ensure smooth trading.
IV. Fee Price Advantage
Compared to other contract trading platforms, OK Contract has certain advantages in fee pricing. For example, in Bitcoin contract trading, the fees for OK Contract are 0.02% and 0.01%, while fees on other trading platforms are often higher. Therefore, for users who need to engage in contract trading, choosing OK Contract may be more cost-effective.
V. Conclusion
This article has detailed the fee standards of OK Contract, explaining aspects such as calculation methods, fee reduction rules, settlement methods, and price advantages. If you are considering engaging in contract trading, this article hopes to provide you with some useful reference information. When choosing to trade on OK Contract, it is also recommended that users pay attention to other services and security measures of the platform to facilitate more reasonable trading.