How to calculate the handling fee of OK perpetual contract? How to operate OK Perpetual Contract?

php editor Xiaoxin will introduce to you in detail the handling fee calculation method and gameplay of OK perpetual contract. OK perpetual contract is a derivatives contract with no fixed expiration date and can be traded with leverage. During the transaction process, the calculation of handling fees is crucial for investors. This article will explain how OK Perpetual Contract handling fees are calculated and introduce the basic gameplay of OK Perpetual Contract to help you better understand and use this trading tool.

OKHow to calculate the perpetual contract handling fee?

Ouyi distinguishes ordinary users from professional users based on their trading volume, and divides them into different levels based on their OKB holdings and trading volume. These levels determine their transaction fees for the following day. In addition, the handling fees for placing orders and taking orders are also different.

The order handling fee for ordinary users is 0.015%-0.02%, and the order handling fee for takers is 0.03%-0.05%

The order handling fee for VIP users At -0.005%-0.01%, the taker fee is 0.03%

Handling fee calculation formula: USDT perpetual contract handling fee = Handling rate×(Number of transactions×Contract multiplier×Contract Face value & times; Transaction price).

Handling fee collection rules: USDT perpetual contract handling fees are settled in USDT and will be collected when the actual transaction is completed.

Take the BTCUSDT perpetual contract (the contract face value is 0.01BTC, the contract multiplier is 1) as an example, assuming that the current price of BTC is 20,000USDT;

Trader A (the handling fee level is Lvl1 ) Use 2,000 USDT (0.1 BTC) as a margin, buy (or sell) 100 contracts (1 BTC) at the market price with 10 times leverage, and be the taker when the transaction is completed. The handling fee to be paid = 0.05%×(100× 1×0.01×20,000)=10USDT;

Trader A uses 2,000USDT (0.1BTC) as margin and buys (or sells) 100 contracts (1BTC) with a 10x leverage limit price. If the order is placed when the transaction is completed, the handling fee to be paid = 0.02%×(100×1×0.01×20,000)=4USDT.

Forced liquidation fee collection rules: Charge according to the taker rate of the user's current level.

OKHow to play the perpetual contract?

OK Perpetual Contract is not difficult to play. First, you need to register an account. Secondly, you can follow the detailed tutorial below:

1. Open the official website of OKX Exchange (click This registration), select the mobile phone number to register, enter the mobile phone number to receive the blind box (registration using email requires mobile phone number verification, it is recommended to use mobile phone number to register)

2, Click the icons in sequence according to the prompts, and click Confirm after completion

#3. Enter the digital verification code received on your mobile phone. The verification code is valid within 10 minutes, please fill it in in time

4. Users can set a password according to the prompts to ensure account security

5. After logging in to the account, find the homepage "User Center" icon, enter the identity authentication page

6. Different levels of authentication can be carried out according to different needs (note: video authentication needs to be operated on the APP)

7. After completing the identity authentication, you can proceed with the transaction and find "Buy Coins" on the homepage——"C2C Buy Coins"

8. Select the "Purchase" option, pay attention to select the purchase currency, and click "All payment methods" to filter the payment method

9. After selecting the merchant, operate according to the merchant's message, then enter the purchase quantity, click "Buy USDT" and wait for the merchant to release the currency after payment (if the currency is not received after payment, negotiate with the merchant to no avail) You can click on the page Need help>Others>Get help>Initiate a complaint)

10. If you want to conduct contract transactions, you need to open the account mode and set it to single Currency margin mode or cross-currency margin mode.

#11. You can continue to set up the contract, personalize the trading unit and order mode.

#12. You can customize the trading mode and Kanban mode. Select the professional layout here.

13. Perpetual contracts are divided into USDT margin perpetual contracts and currency-margined perpetual contracts. Here we take the USDT margin perpetual contract as an example.

Similarly, transfer our digital assets from the capital account to the trading account. If it has been completed, no additional transfer operations are required.

14. On the transaction page, click the drop-down button on the right side of the currency pair, enter the currency in the search box, select Perpetual in the margin transaction, and select the currency corresponding to the currency. Standard/U-based contracts. Here we take the U-based contract as an example

15. Select the account mode, order type, enter the price and quantity, and click Buy to open long (bullish) or Sell to open short ( bearish). For unfilled pending orders, you can click Cancel to cancel the order. Here we take opening a short position as an example.

16. After the pending order is completed, you can view the relevant data of the order in the position interface, such as margin, income, rate of return, Estimated forced liquidation price, etc.

17. You can set stop-profit and stop-loss on the position interface. You can also choose to close the position. Enter the closing price and quantity to confirm the closing, or select the full market price. Complete the position closing operation.

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