What are the fees for trading on Coin8?

Answer 1

Coin8's trading fees vary based on the type of trading—spot or futures—and whether you are a maker or a taker. The platform employs a maker-taker fee model, where:

• **Maker:** A trader who places an order that adds liquidity to the order book, typically by setting a limit order that doesn't immediately match an existing order.

• **Taker:** A trader who places an order that removes liquidity from the order book, usually by setting a market order or a limit order that matches an existing order immediately.

Futures Trading Fees:

Futures trading fees on Coin8 are calculated using a simple percentage formula, which varies depending on the product type and whether the trader is a maker or a taker. Specific fee rates are detailed in Coin8's official announcement.

Spot Trading Fees:

While specific spot trading fees are not detailed in the provided sources, they are typically lower than futures trading fees. For the most accurate and up-to-date information, it's recommended to consult Coin8's official fee schedule or contact their customer support.

Funding Rates:

In addition to trading fees, Coin8 charges funding rates for perpetual contracts. These rates are fixed fees paid to long or short traders based on the difference between the market price and the spot price of the perpetual contract. When the market trend is bullish, the funding rate is positive, and long positions pay the funding fee to short positions. Conversely, when the market is bearish, the funding rate is negative, and short positions pay the funding fee to long positions. Coin8 does not charge any fees for the funding rate; the funds are transferred directly between users.

Fee Adjustments:

Please note that Coin8 periodically adjusts its trading fees. For instance, to celebrate the launch of the U-Perpetual Futures, Coin8 offered a limited-time 0% trading fee promotion across the platform from June 24, 2024. This promotion has now ended, and fee rates were adjusted starting July 24, 2024.

For the most current and detailed information on trading fees, it's advisable to visit Coin8's official website or contact their customer support directly.