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How does BitMEX determine the fees for buying on a take profit limit during shorts?

avatarBrian FajardoDec 15, 2021 · 3 years ago3 answers

Can you explain how BitMEX calculates the fees when buying on a take profit limit during short positions? I want to understand the fee structure and how it affects my trading strategy.

How does BitMEX determine the fees for buying on a take profit limit during shorts?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    When you place a buy order on BitMEX using a take profit limit during a short position, the fees are determined based on the size of your order and the current fee schedule set by BitMEX. BitMEX charges a percentage fee on the notional value of your order. The fee percentage varies depending on the type of contract and the trading volume. It's important to note that fees are only charged when your order is executed. You can find the detailed fee schedule on the BitMEX website.
  • avatarDec 15, 2021 · 3 years ago
    BitMEX determines the fees for buying on a take profit limit during shorts by considering the size of your order and the current fee structure. The fee structure is based on a percentage of the notional value of your order. The exact fee percentage depends on the type of contract and the trading volume. It's always a good idea to check the fee schedule on the BitMEX website to understand the fees associated with your trades.
  • avatarDec 15, 2021 · 3 years ago
    When buying on a take profit limit during shorts on BitMEX, the fees are determined based on the size of your order and the fee schedule set by BitMEX. BitMEX charges a percentage fee on the notional value of your order. The fee percentage varies depending on the type of contract and the trading volume. It's important to note that fees are only charged when your order is executed. For more information on the fee structure, you can visit the BitMEX website.