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Q : Let's study Logical Mechanism of Perpetual Contracts today.
A : Sure let's get started.
Q : Here we go, Can you tell me about instructions for calculating the contract trading fee ?
The contract trading fee on Gate.io occurs only under the situation of opening a position, closing out, and deleveraging. There's no charging of any fee if the order is pending or canceled.
The deduction of the trading fee is settled from the position margin.
The trading fee is calculated based on the position value and has nothing to do with the leverage.
The perpetual contract fees of Maker and Taker on Gate.io are differentiated:
1)Maker: Maker's rebate -0.025%.
When the order placed by the maker is not executed immediately, it will be displayed in 'the depth of the market', which will increase the depth of the market. The user will then receive the maker's reward and have the trading fee returned to the account.
2)Taker: Taker's fee - 0.075%.
Takers trade initiatively with the placed orders and reduce the existing Maker orders in the market, which reduces the depth of the market. Taker will pay the trading fee at 0.075%, in which 0.025% will be deducted in BTC or USDT from the account, and the other 0.05% will be charged by point card preferentially.
The contract trading fee is calculated as follows:
Trading Fee = Position Vale * ( Maker's/ Taker's Rate)
*When the trading fee is charged by the point card:
1 POINT = 1 USD, the price of USD is the real-time index price of the BTC-USD contract.
The contract trading fee has applied a laddered rate rule:
1.The laddered rate consists of the discount of the contract point card, when placing an order, the maker's rebate will be deducted according to the unified rate standard. Takers can choose according to their preference.
2.If there are point cards remaining in the account, the taker's contract order will continue applying the rate at 0.075%. (Using the point card, the comprehensive rate will be reduced to 0.04% at the lowest.)
3.If there is no point card in the account, makers' contract orders will apply the laddered rate rule according to their VIP level. Both spot and contract apply to the same rate rule and share the VIP level.
The laddered contract rate rule:
User A has traded 100USDT with BTC-USDT contract at the market price, and the VIP level of the user is VIP10;
User B has placed an order and traded 100USDT with BTC-USDT contract, and the VIP level of the user is VIP10;
User A has reduced the depth of the market, the trading fee is 0.03% at VIP10, so the trading fee the user has to pay is 100 * 0.03% = 0.03USDT, that the trading fee is 0.03USDT.
The maker order of User B is executed, which has increased the depth of the market. The Maker's rebate is -0.005% at VIP10, that the reward the user will receive is: 100 * (-0.005%) = -0.005USDT, that the trading fee reward is 0.005USDT.
Q: I heard that GT point can be used as a trading fee?
A: Sure, it can be used.
1.Point can be used to cover trading fee at Gate.io exchange; 1 point=1 USDT in trading fee deduction.
2.The real cost of 1 point is less than 1 USDT(about 0.3 USDT/POINT). Using Point can significantly reduce your trading cost.
3.Point can be used to pay trading fee in spot trading and margin trading.
4.Point can be used to pay a part of taker's fee (0.05%) in perpetual contract trading(you have to transfer points to your perpetual contract account first in order to use points to pay taker’s fee).
Q : Do we need to sep up anything first ?
A : Yes, please go to this link : https://www.gate.io/fee then choose to use point as picture below.