What is Spot trading fee?
You need to pay a trading fee for every successful trade on the BloFin Spot market. You can find more information on trading fees information here.
Maker fee rate: 0.1%
Taker fee rate: 0.1%
What is Maker and Taker?
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.”
These orders add volume to the order book, helping to "make the market," and are therefore termed the "maker" for any subsequent trades.
How are trading fees calculated?
Trading fees are always charged in the asset you receive. For example, if you buy BTC/USDT, you will receive BTC, and the fee is paid in BTC. If you sell BTC/USDT, you will get USDT, and the fee is paid in USDT.
For example:
You place an order to buy 1 BTC for 40,970 USDT:
Trading fee = 1 BTC * 0.1% = 0.001 BTC
Or you place an order to sell 1 BTC for 41,000 USDT:
Trading fee = (1 BTC * 41,000 USDT) * 0.1% = 41 USDT