Understanding your trading costs is essential for calculating net profitability. WOO X Pro uses a Maker-Taker fee model for perpetual futures.
1. Maker vs. Taker: What’s the difference?
- Maker Fee (0.020%): Applied when you place a Limit Order that does not execute immediately, adding "liquidity" to the order book.
- Taker Fee (0.060%): Applied when you place a Market Order (or a Limit Order that matches immediately), "taking" liquidity from the order book.
2. The Fee Formula
Fees are calculated based on the Total Position Value (Quantity × Price), not just your initial margin.
Fee = Position Size × Price × Fee Rate (%)
💡 Calculation Example:
If you open a 1 BTC position at a price of $50,000:
- As a Taker (0.060%):
50,000×0.06030.00** - As a Maker (0.020%):
50,000×0.02010.00**
Note: You pay this fee twice—once when you open the position and once when you close it.
3. Frequently Asked Questions
Does leverage increase my fees?
Yes. Since fees are calculated on the total position value, using 10x leverage means your fee will be 10x higher than a non-leveraged trade of the same margin amount.
Where can I see the fees I've paid?
You can view your fee history in the 'Trade History' tab at the bottom of the WOO X Pro trading interface.
Are there any other costs?
Beyond trading fees, perpetual futures positions are subject to Funding Rates every 8 hours. These are not fees paid to the exchange, but payments between Long and Short traders.