Understanding Taker and Maker Fees
What are Taker and Maker orders?
- Taker (吃单): Occurs when you actively match existing orders in the order book. These transactions incur Taker fees.
- Maker (挂单): When you place a limit order that waits to be matched by another user. These transactions qualify for lower Maker fees.
Why the fee difference?
Maker orders enhance market liquidity and trading depth, while Taker orders consume liquidity. Exchanges incentivize Makers through reduced fees.
👉 Maximize your savings with our fee calculator
Checking Your Fee Rates
1. Viewing fee tiers
- Web: Navigate to Assets > My Fees for your current tier and rates per trading pair.
- App: Access via Profile > Fee Tier.
2. Spot-checking fees during trades
- Web: Check the Rate field below Buy/Sell buttons.
- App: Tap the ⓘ icon > Fees in the pop-up.
3. Why fees seem high
Fees are calculated as % of trade value. Example:
A $500 position (5x leverage on $100 margin) incurs fees on $500, not $100.
4. Reviewing historical fees
Web:
- Method 1: Trade History > Order Details
- Method 2: Order Center > History
- App: Trade > History > Select Order
Determining Your Fee Tier
Your VIP level depends on:
✅ 30-day trading volume (spot/contracts/options)
✅ Account balance
✅ Spread strategy activity
Example:
- Spot volume = VIP 2
- Contracts volume = VIP 3
- Account balance = VIP 4
→ Final tier: VIP 4 (all products)
Fee Calculation Formulas
| Product | Formula |
|---|---|
| Spot/Leverage | Fee Rate × Trade Quantity (charged in traded coin) |
| USDT Contracts | Rate × (Contracts × Multiplier × Face Value × Price) (USDT-denominated) |
| Coin Contracts | Rate × (Contracts × Multiplier × Face Value / Price) (BTC/ETH-denominated) |
| Options | Min(Rate × Notional Value, 12.5% × Premium) |
| Liquidations | Charged at Taker rate |
Key Differences
Contract opening vs. closing
No fee difference – both are charged upon execution.
Why P&L changes after closing
Realized P&L deducts:
- Opening/closing fees
- Funding costs
Example:
$15 floating profit
-$4 open fee
-$5 close fee
-$1 funding
= $5 net profit
FAQ
Do liquidations incur fees?
Yes – charged at your current Taker rate.
Why historical orders vs. positions show different P&L?
Position history includes:
✔ Trade fees
✔ Funding costs
Order history only shows execution P&L.
Can I reduce fees?
- Trade as Maker when possible
- Increase volume/balance for VIP upgrades
- Use spread strategies (50% discount)
- Option combos (up to 50% off)
Pro Tip: Negative Maker fees mean rebates – you earn when providing liquidity!