It is always good to know which are BitMex fees. BitMEX is an excellent place to make money under your own responsibilities while using your capital, since taking advantage of price variations in the market can generate excellent returns. For each order placed, the exchange gets a commission percentage, so if the market has hundreds of thousands of participants at the same time, this platform also makes big profits on a daily basis.
Although BitMEX fees are applied differently for each contract, we must know the rates in order to know how to handle our trades correctly. The cost of commissions plays an important role when calculating our ROE (Return on Equity). Understanding BitMex fees is very important.
BitMEX offers perpetual contracts for Bitcoin (XBT), Ethereum (ETH), and Ripple (XRP). Commission rates will be applied depending on the cryptocurrency on which the contract is based.
Future contracts are made between two parties who agree to exchange an asset on a future date at a specified price, and each contract order also has commission rates.
BitMEX fees includes funding from 04:00 UTC to 20:00 UTC every 8 hours between Longs and Shorts placed in Perpetual Contracts. A positive amount means that you have paid the funding interval and are not in debt. On the other hand, a negative amount indicates that you have received funding and you must pay it. The formula for calculating funding rates is:
"Funding = Position Value x Funding Rate"
Unlike other Exchange platforms, BitMEX has no commission rate for deposits or withdrawals from its wallet section. The only charge for such transactions will be that specified by the Bitcoin network and will depend on the weight of the operation.
Once the BitMEX fees system has been mastered, traders will be able to proceed safely to position their orders with adequate risk management and an exact calculation of earnings.
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