Dear users:
Futures fee is the trading fee charged when you place an order during a transaction.
See BloFin Fee Schedule: https://blofin.com/fees
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 are 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.”
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.
Calculation of Commission Fee
*Note: In the following session we will use the fee rate at maker - 0.02% and taker - 0.06% as examples.
Commission fee = notional value*fee rate
Notional value = coins*trade price
Example:
Trader A purchases 1 BTC/USDT contract with a market order. Trader B sells 1 BTCUSDT contract with a limit order. If the transaction price is 40,000 USDT:
Taker fee of Trader A = 1 × 40,000 × 0.06% = 24 USDT
Maker fee of Trader B = 1 × 40,000 × 0.02% = 8 USDT
Thank you for your support. If you have any questions, please contact support@blofin.com. We will continue to provide you with better products and services!
Regards,
BloFin Team