Futures trading fees on OKX are calculated based on your position size. This guide explains the fee structure, calculation methods, and key factors affecting your costs.
Futures Trading Fee Structure
OKX employs a maker-taker fee model with rates varying by:
- User tier (LV1 to VIP levels)
- Order type (limit vs. market orders)
- Contract type (delivery vs. perpetual)
Example Calculation for LV1 Users
For delivery contracts:
- Maker fee: 0.02%
- Taker fee: 0.05%
Scenario:
You open a 10 ETH position with 10x leverage (1 ETH collateral):
- Position size = 10 ETH
Opening fee range = 0.002–0.005 ETH
- 0.002 ETH if limit order fills as maker
- 0.005 ETH if market order fills as taker
Closing fees follow identical calculations based on exit order type.
Order Type Impact on Fees
| Order Type | Execution Method | Fee Rate | Example (10 ETH) |
|---|---|---|---|
| Limit | Maker (passive) | 0.02% | 0.002 ETH |
| Market | Taker (active) | 0.05% | 0.005 ETH |
Hybrid executions where orders partially fill as both maker/taker result in prorated fees between these extremes.
Key Definitions:
- Taker: Active order that immediately matches existing orders (higher fee)
- Maker: Passive order resting in order book until matched (lower fee)
Contract-Specific Fee Formulas
- Coin-denominated positions:
Fee = Position Size × Fee Rate - Contract-denominated positions:
Fee = (Face Value × Contracts) / Entry Price × Fee Rate
Fee Rate Tables
Delivery Contracts
| User Tier | Maker Fee | Taker Fee |
|---|---|---|
| LV1 | 0.02% | 0.05% |
| VIP1 | 0.015% | 0.04% |
Perpetual Contracts
| User Tier | Maker Fee | Taker Fee |
|---|---|---|
| LV1 | 0.02% | 0.05% |
| VIP1 | 0.015% | 0.04% |
👉 Optimize your trading costs with OKX's tiered fee structure
FAQ: Futures Trading Fees
Q: How can I reduce my futures trading fees?
A: Use limit orders whenever possible to qualify for maker rebates and progress through VIP tiers by increasing 30-day trading volume.
Q: Are fees charged on both opening and closing positions?
A: Yes, separate fees apply for entry and exit transactions based on respective order types.
Q: Do leverage levels affect fee calculations?
A: Indirectly—fees are based on position size (collateral × leverage), so higher leverage increases absolute fee amounts proportionally.
Q: How are fees denominated for USDⓈ-Margined contracts?
A: Fees are deducted in the settlement currency (e.g., BTC/USD contracts charge fees in USDⓈ).
👉 Compare fee schedules across 100+ trading pairs
Strategic Considerations
- Liquidity Impact: Thin markets may force taker executions despite limit orders
- Volume Discounts: Higher tiers reduce fees by 10–40%
- Time Decay: Perpetual funding rates add to effective costs