How to Calculate Trading Fee
Formula for Futures Trading Fee
Trading Fee for Each Futures Transaction = Position Value *Fee Rate. A fee will be charged for each transaction.
Where:
USDT-Margined Contract Position Value = Price × Contract Quantity. The position value is calculated in stablecoin USDT.
Coin-Margined Contract Position Value = 1 / Price × Contract Amount. The coin-margined contract quantity is measured in the number of contracts, with 1 contract = 1 USD. The position value is calculated based on the number of coins.
Example 1: You want to open a U-margined BTC/USDT contract, going long, with a quantity of 1,000 contracts. The entry price is 50,000 USDT. 1 BTC contract = 0.001 BTC, with a fee rate of 0.06%, so:
U-margined BTC contract position value = 50,000 * 0.001 * 1,000 = 50,000 USDT
The trading fee for this transaction = 50,000 * 0.06% = 30 USDT
Example 2: You want to open a coin-margined BTC/USD contract, going long, with a quantity of 1,000 contracts. The entry price is 50,000 USD. The fee rate is 0.06%, so:
Coin-margined BTC contract position value= 1,000 / 50,000 = 0.02 BTC
The trading fee for this transaction = 0.02 * 0.06% = 0.000012 BTC
In the KuCoin Futures trading, the following factors will affect your fee rate:
1. Trading Fee Level: To view your current trading fee level and the rates for each level, click the trading fee level link at the bottom of our official website while you're logged in, or click here. Higher levels enjoy lower trading fee rates and are more likely to receive fee rebates.
Note: API users with VIP levels on other platforms can apply for corresponding VIP fee rates at KuCoin. Please contact newapi@kucoin.plus for better rates.
2. Maker/Taker: Your status as a Maker or Taker also affects the fees charged. For explanations about Maker and Taker, you can click here.
Taker: When you place an order using market orders, hidden orders, or iceberg orders (using all hidden quantities), you participate as a Taker, and the system will charge you (Taker) a fee.
Maker: When you place an order using a limit order, you participate as a Maker, and the system will charge you a fee.
3. Futures: KuCoin supports both coin-margined and USDT-margined perpetual and delivery futures contracts.
3.1 Coin-margined perpetual contracts pay fees in the currency of the underlying asset. Additionally, perpetual contracts pay or charge funding fees every eight hours. For a detailed introduction, please click here.
3.2 USDT-margined perpetual contracts pay fees in USDT. Additionally, perpetual contracts pay or charge funding fees every eight hours. For a detailed introduction, please click here.
3.3 Coin-margined delivery contracts pay fees in the currency of the underlying asset. Delivery contracts do not generate funding fees, only charging fees for opening, closing, and delivery.
4. Position Opening/Closing and Bankruptcy Fees: The opening fee is charged based on order type, user VIP level, and maker/taker classification. This fee is part of the position cost and is reflected in the realized profit and loss when the position is established. This shows how the fees impact the overall profit and loss of the position. The system also pre-freezes a portion of the liquidation fee based on the investment direction and size of your position, which is unfrozen and charged as per actual circumstances upon actual closing or liquidation.
5. Fee Deduction Coupons: If you have fee deduction coupons when placing an order, the system will automatically deduct the corresponding ratio of fees. Please note in the transaction record, the actual fee charged and the fee deduction are shown as two separate entries. This means the fee is collected normally first, and then refunded according to the rate of the fee deduction coupon you hold at the time of the order.
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KuCoin Futures Trading Guide:
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KuCoin Futures Team
Note: Users from restricted countries and regions cannot open futures trading.