Futures Trading Fees, Limits, and Rules

[Estimated Reading Time: 4 mins]

This article explains the trading fees, funding fees, position limits, and key rules for Bitget’s Futures trading platform. Understanding these elements is crucial to managing costs and trade effectively.

Futures Trading Fees

Bitget applies competitive trading fees designed to support active traders. Below is a breakdown of the main fee structures:

1. Maker and Taker Fees:

• Maker Fee: As a market maker (placing limit orders that add liquidity), you benefit from lower fees. The standard maker fee is 0.02%.

• Taker Fee: As a taker (placing market orders that remove liquidity), the fees are slightly higher. The standard taker fee is 0.06%.

2. Funding fees

The funding fee is a periodic payment exchanged between traders to align the contract price with the underlying spot price in perpetual contracts.

• Paid between traders: The exchange does not collect funding fees; they are directly exchanged between long and short positions.

• Charged every 8 hours: Funding occurs at 00:00 UTC, 08:00 UTC, and 16:00 UTC.

• Funding Fee = Position Value × Funding Rate

• Position Value: The Position Value of the position, determined by the contract quantity multiplied by the entry price.

• Funding Rate: The Funding Rate indicates which side pays the fee, a positive rate means long traders pay short traders, while a negative rate means short traders pay long traders.

3. Leverage and margin impact on fees

• Higher leverage increases the position value, which directly affects both transaction costs and funding fees.

• Trading fees and funding fees are charged on the Position Value, not the margin.

How to Access Trading Fee Discounts?

1. VIP Fee Schedule

• Bitget offers a VIP fee schedule for high-volume traders.

• VIP users enjoy reduced maker and taker fees, determined by their trading volume and BGB holdings.

• For a detailed breakdown of VIP tiers and their corresponding discounts, visit the Bitget Fee Schedule in your account.

Futures Trading Limits

To ensure a fair and efficient trading environment, Bitget enforces the following limits:

1. Minimum Order Size

The minimum trade size varies by contract and trading pair: Examples:

• BTC/USDT (USDT-M Futures): 0.001 BTC

• ETH/USDT (USDT-M Futures): 0.01 ETH

2. Maximum Position Size

Position size limits depend on the Trading Pair and your VIP level:

• To check position limits for specific trading pairs, refer to the Position Limits in your trading interface.

3. Leverage Limits

Bitget supports varying levels of leverage, depending on the futures contract:

• USDT-M Futures: Up to 125x leverage

• Coin-M Futures: Up to 125x leverage

• USDC-M Futures: Up to 125x leverage

For more detailed information, refer to the Futures Details on the Bitget website.

Key Futures Trading Rules

1. Account Requirements

• KYC Verification: Users must complete at least Level 1 Know Your Customer (KYC) verification to unlock unrestricted trading features.

• Futures Wallet: Ensure you have sufficient funds in your Futures Wallet before placing any trades.

2. Supported Futures Contracts

• View all available contracts in the Futures Trading section.

3. Trading Mechanism

• Orders are matched in real-time via the Order Book.

4. Liquidation Mechanism

• Liquidation occurs if your Margin Risk Ratio reaches the Liquidation Risk Ratio.

• Any remaining collateral after liquidation is returned to your account.

5. Trading Restrictions

• Certain contracts or trading pairs may have regional restrictions based on regulatory requirements. Verify the availability of your desired contract before trading.

How to Check Futures Trading Fees on the Mobile App?

1. Open the Bitget App and log in to your account.

2. Tap the Menu icon in the top-left corner of the screen.

3. Select More Services at the bottom of the Quick Access section.

4. Navigate to the Others tab and tap Fee Schedule to view your current fee tier.

5. Review the Maker and Taker fee rates, which are determined by your trading volume and BGB holdings.

FAQs

1. What is the default fee rate for futures trading?
   The default Maker fee is 0.02%, and the Taker fee is 0.06%.

2. How can I reduce my fees on Bitget?
   Hold BGB tokens or upgrade to a higher VIP level for discounted fees.

3. What is the minimum trade size for futures trading?
   The minimum trade size depends on the contract. For example, BTC/USDT (USDT-M Futures) requires 0.001 BTC.

4. What happens if my position is liquidated?
   When liquidation occurs, your position is closed automatically, and any remaining collateral is returned to your account.

5. Are there any regional restrictions for futures trading?
   Certain trading pairs may have regional restrictions due to regulatory requirements. Verify availability in your region before trading.

Disclaimer and Risk Warning

All trading tutorials provided by Bitget are for educational purposes only and should not be considered financial advice. The strategies and examples shared are for illustrative purposes and may not reflect actual market conditions. Cryptocurrency trading involves significant risks, including the potential loss of your funds. Past performance does not guarantee future results. Always conduct thorough research, understand the risks involved. Bitget is not responsible for any trading decisions made by users.