How Are OKEX Fees Calculated?
OKEX employs a transparent fee structure for its trading services, particularly for virtual contracts. Here’s how fees are determined:
Virtual Contract Trading Formula
The fee calculation depends on:
- Contract Face Value (e.g., 100 for BTC, 10 for LTC)
- Opening Price
- Number of Contracts
- Order Type (Maker/Taker)
Formula:
Fee = (Contract Face Value / Opening Price) × Contracts × Maker/Taker Rate Example:
- BTC Maker Fee (LV1 Tier):
100 / Opening Price × Contracts × 0.03% - LTC Maker Fee:
10 / Opening Price × Contracts × 0.03%
Key Details
Delivery Fees:
- BTC: 0.015%
- Non-BTC: 0.05%
(Unaffected by user tier.)
- Liquidation: No fees charged.
- Taker Fees: Slightly higher than maker fees (varies by tier).
Fee Tiers and Discounts
OKEX offers tiered fees based on 30-day trading volume or OKB holdings:
| Tier | 30-Day Volume (BTC) | Maker Fee | Taker Fee |
|------|----------------------|-----------|-----------|
| LV1 | < 500 | 0.03% | 0.05% |
| LV2 | 500–1,000 | 0.025% | 0.045% |
👉 Optimize your fees with OKEX’s tier system
FAQ
1. Are fees the same for all cryptocurrencies?
No. Fees vary by asset (e.g., BTC vs. LTC) and order type (maker/taker).
2. How can I reduce my OKEX fees?
- Increase trading volume to qualify for higher tiers.
- Hold OKB for additional discounts.
3. Are withdrawal fees included?
No. This guide covers trading fees only. Withdrawal fees depend on the blockchain network.
4. Do futures contracts have different fees?
Yes. Perpetual swaps and futures may have distinct structures.
Conclusion
Understanding OKEX’s fee model helps traders minimize costs. Always check the latest rates on their official site.
👉 Explore OKEX’s fee calculator for real-time estimates.
Pro Tip: Use limit orders (maker) to benefit from lower fees!