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MDEX Futures Transaction Fees

Futures transaction fees:
Maker fee: 0.02%; Taker fee: 0.07%
Definitions of "Maker" and "Taker"
What is a Maker Order?
When you place a Maker order, you'll enter the order price (either higher or lower than the current market price) and rather than being filled immediately, your order will go onto the order book with the other orders. Your order will stay on the order book until another user takes the initiative to fill the order.
What is a Taker Order?
When you place a Taker order, you're taking the initiative to fill your order by trading with an existing order on the order book. Your order trades immediately by filling an existing order with a matching price.
How are transaction fees calculated?
Formula for USDⓈ-M Futures transaction fees:
Transaction fee = Nominal value × Transaction fee rate
Nominal value = Number of futures contracts × Transaction price
For ApolloX users, Maker fees are 0.02% and Taker fees are 0.07%.
Buying BTCUSDT Futures using a Market Order:
Nominal value
= Number of futures contracts × Transaction price
= 1 BTC × 49,000
= 49,000
As a Taker, you would pay a transaction fee of 49,000 × 0.07% = 34.3 USDT.
Once the price goes up, you can place a Maker sell order:
Nominal value
= Number of futures contracts × Transaction price
= 1 BTC x 49,500
= 49,500
As a Maker, you would pay a transaction fee of 49,500 × 0.02% = 9.9 USDT.