Fees and Trading Conditions
At Margex we aim to provide the most competitive fees and trading conditions. We charge 2 types of fees: trade fees incurred when performing a trade, and funding (financing).
Funding (financing) is the interest payment (cost) for borrowing Margex assets to leverage trades. Funding rates are directly related to the current ratio of Longs to Shorts and underlying market volatility. Financing costs are due every 8 hours. If a position is closed before the funding cut-off time, it will not be charged financing at all.
When an order is executed on the market it will be charged either a Maker fee or a Taker fee:
Maker fee is charged when adding liquidity to the order book by placing a delayed order that is not matched immediately against an order on the order book: i.e Limit orders placed below the current price for a BUY order or above the current price for a SELL order. This includes conditional Take Profit orders.
Taker fee is charged when removing liquidity from the order book by placing an order that is matched immediately against an order already on the order book: i.e Market orders or conditional orders that convert to a market order when executed, such as a Stop Loss or a Stop Market order.
Trade fees and Funding rates:
|Pair||Maker Fee||Taker Fee||Funding/Long||Funding/Short||Funding Interval|
Note: Overnight funding rates are based on numerous factors such as market volatility, global ratio of open Long/Short trades, and will change accordingly.
|Pair||Min leverage||Max leverage||Min. order size (in $ value)||Min. order size change (in $ value)||Max exposure|