How to read the okex contract rate

You can view the rate structure of OKEx perpetual contracts through the contract details page or contract rate list, including opening fees, closing fees and overnight fees. The opening fee is calculated based on the current price, the closing fee is based on the holding time and size, and the overnight fee varies based on the position direction (long or short).

How to check OKEx contract rates

OKEx contract rates are the fees you need to pay when trading contracts, including:

Method 1: Contract details page

1. Log in to your OKEx account and enter the contract trading page.
2. Select the contract and click the "Details" button.
3. In the contract details page, find the "Fee Rate" section.

Method 2: Contract rate list

1. Visit the OKEx official website and click "Derivatives - Contract Trading - Perpetual Contracts".
2. Choose a contract.
3. Click the "View Contract Rates" link.

Rate structure

Perpetual contract rate structure:

• Opening fee: A fixed fee calculated based on the current price.
• Closing fee: A fee calculated based on the position holding time and size.
• Overnight Fee: The fee paid when holding a position overnight, which varies based on the position direction (long or short).

Understand the fees

• Opening fee: Buy contracts are negative and selling contracts are positive.
• Closing fee: The opposite of the opening fee, it is negative for closing a position and positive for opening a position.
• Overnight fee: Negative for long positions (paid to the exchange), positive for short positions (received from the exchange).

Example

Assume trading BTC perpetual contract:

• Opening fee: 0.03%
• Closing fee: 0.02%
• Long overnight fee: -0.01% (annualized interest rate is -3.65%)
• Short Overnight Fee: +0.01% (+3.65% APR)

This means:

• Buy 10 contracts, the opening fee is 0.03 BTC.
• Close the position, the closing fee is 0.02 BTC.
• Hold a long position overnight and pay an overnight fee, with an annualized interest rate of -3.65%.
• Hold a short position overnight and get an overnight fee with an annualized interest rate of +3.65%.

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