Below is the table of contracts and fees, as featured on the BitMEX website: All traditional futures contracts incur a 0.0500% settlement fee on any open position when the settlement is made, except for XTZ (Tezos Series) and ZEC (Zcash Series), which have a 0.2500% settlement fee. The settlement fee for prediction markets is 0.2500%.
Full Answer
What are BitMEX’s fees?
The BitMEX platform operates a standard trading fee structure across all derivatives products for simplicity. Our Maker Rebate is 0.01%, and our Taker Fee is 0.075%. For high-volume traders, we offer discounted Taker Fees as per the table below.
What is the difference between BitMEX and Bitfinex?
Bitmex offers different fees depending on the asset. For example, Bitcoin 100x leverage has a maker fee of -0.0250 percent, a taker fee of 0.0750 percent and a settlement fee of 0.05 percent. Bitfinex is a high secure cryptocurrency exchange.
What is the settlement price?
The Settlement Price is the price at which a Futures contract settles. To avoid price manipulation, BitMEX employs an averaging over a period of time prior to settlement and this time frame may vary from instrument to instrument. Please reference each contracts’ specification that you wish to trade.
How does BitMEX Mark contracts?
BitMEX marks contracts according to the Fair Price Marking Method. This price determines your Unrealised PNL. Realised PNL will be determined according to your entry price and your exit or Settlement Price and any fees incurred.
What are the trading fees on BitMEX?
The BitMEX platform operates a standard trading fee structure across all derivatives products for simplicity. Our Maker Rebate is 0.01%, and our Taker Fee is 0.075%.
What happens when you get liquidation on BitMEX?
If a liquidation is triggered, BitMEX will cancel any open orders on the current contract in an attempt to free up margin and maintain the position. Orders on other contracts will still remain open.
How do I withdraw money from BitMEX?
Withdraw money from Bitmex Withdrawal is made by a transaction on any Bitcoin wallet. To withdraw funds from the deposit, go to the “Withdraw” subsection of the “Account” tab, then enter the address of your BTC wallet in the “Destination Address” field.
What is Bybits fee?
Bybit Derivatives Fee: 0.06% Bybit Spot Fee: 0.10%
What is crypto liquidation fee?
In order to make a purchase in the first place, you need to convert your cryptocurrency to a form of payment that is acceptable to the merchant where you want to make the transaction. When doing that conversion, Coinbase Card charges you a 2.49% "liquidation fee".
How long does it take to withdraw from BitMEX?
If your withdrawal was submitted before 13:00 UTC, and it was confirmed via email. Your withdrawal will be processed today at 13:00 UTC. Scenario 2: If your withdrawal was submitted after 13:00 UTC, and it was confirmed via email.
Why is BitMEX not allowed in US?
BitMEX has recently been indicted by US prosecutors. The prosecutors suspect the Bitcoin Mercantile Exchange of having circumvented US anti-money laundering laws. In addition, the BitMEX management is alleged to have violated the US law on banking secrecy, as they haven't had KYC before 2020.
Where is BitMEX not allowed?
BitMEX does not provide Services to: US Persons (including, but not limited to, US Citizens and US Residents) nor to natural or legal persons located in, established in, or a citizen of Cuba, Iran, Syria, North Korea, Crimea and Sevastopol, Donetsk People's Republic, Luhansk People's Republic of Ukraine.
Is BitMEX a wallet?
BitMEX stores all Bitcoin in a Cold Multi-signature Wallet. BitMEX stores other assets in Hot and Cold Wallets. See our Security Page for more information.
How are trading fees calculated?
To calculate the trading fee, Portion size = USD worth of position size / Entry or closing price. And the coin you swap will give you your position size. Divide the position size by 100, then multiply by the charge rate.
How does funding fee work?
The VA funding fee is a one-time fee paid to the Department of Veterans Affairs that supports the VA home loan program. Veterans who put down less than 5% on their home purchase will pay 2.3% of the total loan amount when buying a home for the first time and 3.6% on subsequent loans.
How are taker fees calculated?
How are taker fees calculated? Your fee tier is based upon total USD trading volume over the trailing 30-day period. Total volume does not include volume for trading Stable Pairs. Transactions made on books quoted in USD (e.g. BTC-USD) are counted as the total USD amount of each filled order.
How is liquidation price calculated on BitMEX?
There are 4 steps to calculating the liquidation price on an XBTUSD position: Calculate the position bankruptcy price. Calculate the position bankruptcy value. Calculate the maintenance margin value in XBT. Calculate the position liquidation price.
What does it mean to get liquidated in crypto?
Liquidations occur when you borrow funds on margin and fail to fulfill the margin call on time. In such situations, exchanges convert your crypto assets into cash to limit their losses.
How do I see liquidations on BitMEX?
To help you trade, we've introduced a new feature to track liquidations as they hit the book: To use it, simple click the gear icon next to the Orderbook. Liquidations will then show up in your notifications feed, and if possible, as native notifications in your operating system.
What is liquidation trading?
In investing, liquidation occurs when an investor closes their position in an asset. Liquidating an asset is usually carried out when an investor or portfolio manager needs cash to re-allocate funds or rebalance a portfolio. An asset that is not performing well may also be partially or fully liquidated.
What is BitMEX fee?
BitMEX Fees. The fees on BitMEX are a percentage of the total notional order value, this means that if you use leverage ( up to 100x leverage ), the fee percentage is paid on the total volume of the trade, not just the amount of Bitcoin you use on the trade. BitMEX provides a full fee schedule, but it doesn’t really explain how it works.
What is a fund fee on Bitmex?
These are the fees you pay (or earn) when you have an open position. You could say that it is similar to when you have an overnight position on the Forex market. Basically, this fee is there to make sure that the trades on BitMEX can use leverage to trade, leverage involves borrowing funds to make a trade, and therefore you have to pay interest on the amount you borrow. Funding fees don’t go to BitMEX, they go to the traders on the other side of the market to you, this changes depending on the state of the market.
Why is BitMEX more expensive than other exchanges?
Trading leveraged cryptocurrencies on exchanges like BitMEX can cost more than other exchanges without leverage because you pay fees on the total value, not just your initial margin for that trade.
What is a negative fee on BitMEX?
This is the main source of revenue for BitMEX – it is the fee you pay (or earn) when you make a trade on the exchange (negative fee means that you will earn the fee, not pay it). The trading fees on BitMEX are as follows: These fees apply to both the perpetual contracts and futures contracts on the BitMEX margin trading platform.
How much is 3 BTC worth of contracts?
For the purpose of this example, let’s say that 1 Bitcoin costs $10,000. That 3 BTC worth of contracts would equate to $30,000. You long 30,000 contracts of BTC/USD (1 contract = 1 USD) at a market rate of $10,000. For this order, you pay 0.0750% on $30,000 which would equal $22.5 USD, not bad right?
How to see funding fees on Bitmex?
To see the current funding fees on the market you want to trade on BitMEX, go to the main trading page. It also tells you when the next funding fee settlement is.
What does liquidation price mean on Bitmex?
The liquidation price on BitMEX is the price at which your position will be liquidated – which means that you will lose all the funds in that position. To stop this from happening, use protective orders like Stop Losses to manage risk.
Who owns BitMEX?
BitMEX is owned by HDR Global Trading Limited. Building on the success of BitMEX, the founding team established 100x, a holding company to pursue a broader vision to reshape the modern digital financial system into one which is inclusive and empowering.
What is the maximum leverage on BitMEX?
The highest leverage BitMEX offers is up to 100x leverage on its Perpetual Bitcoin / USD Perpetual Contract.
How is leverage determined in Bitmex?
The amount of leverage BitMEX offers varies from product to product. Leverage is determined by the Initial Margin and Maintenance Margin levels. These levels specify the minimum equity you must hold in your account to enter and maintain positions. Leverage is not a fixed multiplier but rather a minimum equity requirement. You can see the minimum Initial Margin and Maintenance Margin levels for all products here.
How are BitMEX indices calculated?
BitMEX indices are calculated using a weighted average of last Prices. See BitMEX indices.
How many signatures does BitMEX require?
It is a Bitcoin wallet, stored offline that requires m of n signatures in order to spend any funds. In the case of BitMEX, it requires 2 of 3 partners to sign any transaction before funds may be spent.
What is bid ask?
A Bid is a standing order where the trader wishes to buy a contract at a specified price and quantity. An Ask is a standing order where the trader wishes to sell a contract at a specified price and quantity.
Does BitMEX have a special privilege?
BitMEX has an anchor market maker who continuously quotes large sizes on contracts that BitMEX offers. No special privileges are given to any of the market makers.
Does Bitmex charge for Bitcoin?
As BitMEX only operates with Bitcoin as a base currency , there are no fees applied for depositing or withdrawing to or from the exchange, although there will be fees charged by the bitcoin network.
Is BitMEX safe?
BitMEX is a secure trading platform that is focused on crypto derivatives, being mostly aimed at professional investors. The exchange is not recommended to beginners that want to trade in small volumes of cryptocurrencies.
What is Bitmex trading?
Bitmex is a cryptocurrency exchange that was launched in 2014 and it offers different financial products. Among these products we find cryptocurrency margin trading for Bitcoin, Ethereum and Litecoin up to 100x in the case of Bitcoin. In addition to it, the exchange offers cryptocurrency derivatives and other financial products for professional investors.
What is Bitmex futures?
Bitmex offers cash settled futures contracts for several products that it offers.
What is 100x leverage?
In the case of Bitmex, it offers 100x leverage on some of its products. That means that the investor can buy 100 times more contracts than what he is able to pay for. But many experts call this trading method a ‘double-edged sword’, and we will explain why.
Is Bitfinex a secure cryptocurrency?
Bitfinex is a high secure cryptocurrency exchange. It has important security layers that make of it a very difficult exchange to hack. As of today, Bitmex has never been hacked. Many other important cryptocurrency exchanges have been hacked several times before. For example, MtGox is the most famous case. It was the biggest cryptocurrency exchange at the moment and when it got hacked Bitcoin price suffered from a crash and a long period of stagnation.
How often do you pay a funding fee on a perpetual swap?
Every 8 hours, all traders who have open positions in the perpetual swap pair, will either receive or pay a funding fee. Whether you have to pay or receive a funding fee, depends whether you are long or short. Positive funding fee would mean that the contract is trading at a premium (or small enough discount), and those who are long will have to pay to their contract counterparties with the short positions. Negative funding fee would indicate that the contract is trading at a discount and those who are short will have to pay to those who are long at the opposite side of the futures.
What does 0.09% mean in futures?
For example, if you see -0.09%, it means that the actual spread between bids and asks is 0.09% below the index/spot price, hence the contract is traded at a discount. If you see a positive percentage, it will mean the contract is trading at a premium (bid/ask spread above the index/spot).
