Understanding Spot and Futures Trading Fee Calculation on WEEX: A Comprehensive Guide

By: WEEX|2025/03/03 17:31:01
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At WEEX, one of the key aspects of trading is understanding the fee structure. Whether you're into spot or futures trading, it’s essential to know how your fees are calculated to make the most out of your trades. This article explains how WEEX calculates trading fees and provides the latest updates on fee discounts and other related charges.

Spot Trading Fees on WEEX

For spot trading on WEEX, the fees are straightforward:

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

This means that whenever you buy or sell an asset on the spot market, you’ll incur a fee of 0.1% of the transaction value, whether you are a maker or a taker.

Futures Trading Fees on WEEX

Futures trading has a more dynamic fee structure, with different rates for makers and takers:

  • Makers: 0.02% fee rate.
  • Takers: 0.08% fee rate.

In futures trading, a maker is someone who places an order that is not immediately filled, adding liquidity to the market, while a taker is someone who places an order that immediately matches with a maker’s order, taking liquidity from the market.

How Trading Fees Are Calculated?

The calculation of your trading fees is based on several factors, including whether you're opening, closing, or reducing a position. Here’s a breakdown of how these fees are determined:

  • For spot trades: The fee is simply calculated as 0.1% of the trade amount.
  • For futures trades: The calculation is a bit more involved. The formula to calculate the transaction fee is:

Transaction Fee=(Entry Price * Futures Nominal Value * Quantity *Marker or Taker Rate)

This formula reflects the value of your position and whether you're a maker or a taker.

Fees are applied only when you open, close, or reduce a position, not for unfilled or canceled orders. Also, the fees are deducted from your position margin, and they are based on the position value rather than leverage, meaning they are not influenced by how much leverage you use.

Discounts Available for WEEX Users

We understand that trading fees can add up, which is why WEEX offers discounts to help you save:

  • VIP Members: By holding WXT, WEEX VIP members can receive up to 70% off futures trading fees. The discount depends on your VIP level—the higher the level, the bigger the discount!
  • Futures Fee Discount Events: WEEX often holds special events where traders can enjoy reduced trading fees. For example, holding WXT for certain periods can unlock these exclusive discounts.

Other Fees on WEEX

While trading fees are a crucial part of the cost structure, here are some other fees to be aware of:

  • Deposit FeesFree.
  • Withdrawal Fees: There are no fixed withdrawal fees. The fees depend on the cryptocurrency and network conditions. These can fluctuate based on the selected cryptocurrency’s network congestion.

Where to Find Fee Rates

To keep track of your trading costs, WEEX makes it easy to view the latest fee rates:

  • In the WEEX App: Go to the profile icon, then click on [Fee Rates] to view the fee schedule for all tokens.
  • Withdrawal Interface: You can also check the fees for a specific cryptocurrency and chain at the bottom of the withdrawal interface.

Key Notes About Makers and Takers

  • Maker Orders: These are orders that add liquidity to the market. For example, if you place a limit order, your order becomes a maker order and will be listed in the order book. You’ll pay the lower maker fee rate of 0.02%.
    • GTC Orders (Good-Till-Canceled) can be either maker or taker orders.
    • To guarantee your order enters the order book, you can select "Maker Only" when placing your order.
  • Taker Orders: These are orders that take liquidity from the market. If you place a market order or any order that is immediately filled, you’re a taker and will pay the higher taker fee rate of 0.08%.
    • IOC (Immediate or Cancel) and FOK (Fill or Kill) orders are also considered taker orders.

Conclusion

Understanding how trading fees are calculated on WEEX is crucial for optimizing your trading experience. Whether you're trading spot or futures, you can take advantage of the discounts available for VIP users, and by holding WXT, you can enjoy up to 70% off futures trading fees. The fee structure is simple, and with our breakdown, you’ll be able to plan your trades more effectively and maximize your profits.

Stay updated on fee rates and take advantage of special fee discount events to save on your trading costs. Don't forget, the more you trade and the higher your VIP level, the greater your potential savings!

For more information, you can always check the WEEX Fee Rates page and make informed decisions before you trade.

 

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