Updated: May 30
To explain to you Bitmex fees you need to understand that you will get rebates when selecting limit order! Bitmex fees and commission are quite low comparing to Bitfinex or Binance. Bitmex commissions are not related to leverage but to quantity. What is the cost of using leverage?
Margin trading is free of cost here.
1. BitMEX fees at the most traded contracts:
Bitcoin Perpetual (XBTUSD) / Ethereum Perpetual (ETHUSD) contract, and Bitcoin Futures Contracts (XBTU20 and XBTZ18)
BITMEX MARKET ORDER FEE is 0,075% (you pay)
With 10% discount rebate 0,0675%. This is more expensive option to open or close your trades. Investors call this order a taker order. Use a taker order when you want to buy / sell out of hand. Fast! If you can wait and observe use maker order (limit order) as there is a huge difference in commissions!
To explain this Bitmex fee this let's analyze the following case study:
You expect that Bitcoin price will explode in a few seconds. You buy quantity 50,000 of USDXBT contracts worth (1$ each) means that you open buy long 10 BTC at price 5000$. You used market order to buy these contracts ASAP. Fees? 50,000$*0,075% = 37,5$ (fees are deducted in BTC)
With a discount coupon it would be only 33,75$. Explained? 4$ saved!
Do not be confused as in the Bitmex trade history you will see this fee in BTC as:
fee paid 0,00675 BTC (or 0,0075 BTC without our link).
Look at black font without minus.
BITMEX LIMIT ORDER FEE is: +0,025% (rebate) This is the cheapest option of open or close trades. Yes, you will receive money for submitting this kind of orders! You can this type of orders you can use when you are not desperate to make trade straight away or ever. Investors call this order as maker order. Using maker order you can not be sure you will get order at this price. Theoretically you can wait even…years to get fulfilled. You will get fees rebate, but you must wait until somebody else TAKES your limit order from order book by…taker order. Practically it is not so hard to fulfill order limit so use this as often as possible collect a few dollars instead of paying. To understand Bimex limit order fees look at this:
You desire to short contracts value 5 Bitcoins @ 10,000$. Last price of Bitmex bitcoin perpetual contract is 9,997$. You inserted limit sell order offer into order book (quantity = 50,000 of USDXBT contracts) at 10,000$ and you wait until it is fulfilled. But If Bitcoin price start dropping (without reaching 10,000 price point) you can never get this trade executed. This is not so comfortable that is why you will get paid for your patience. When somebody "takes" this order, you will receive from Bitmex 12,5$ (it is hard to call it fee it is rebate!) In the trade history it should display this figures with green font fronted by minus: fee paid -0.00125 BTC. At Bitmex...when it looks exactly like this it is ok. When it is just like example 1 black font and without minus it means you paid – using market order. This is very confusing, and you must remember this explanation.
If 1 BTC at 10,000$ is traded:
Taker (by market order) paid 6,75$ (in rush)
Maker (by limit order) got 2,5$ (no rush)
Bitmex income is 6,75-2,5= 4,25 USD
2. Bitmex fees explained at altcoins futures contracts vs BTC (U20 – expiring at 28th September 2018 then will be Z20 – expiring at 28 December)
BTC vs Ethereum (ETHU20)
BTC vs Bitcoin Cash (BCHU20)