Biking Perpetual Futures Product Parameter Details and Fee Rate Description

1. Transaction fee:

Taker: 0.04%

Maker: 0.04%

Calculation:

Handling fee = transaction amount * handling fee rate

2. Funding costs:

The purpose of the fund fee: to promote the firm price to better track the index price through the cost compensation method between long and short positions.

BiKing Exchange does not charge any funding fees; funding fees are charged between users.

Collection method: The funding fee is swapped between long and short positions every 8 hours, at 00:00, 8:00 and 16:00 (unified UTC+8). Funding fees will only be charged or paid if the position is held at these points in time. If the position is closed before the fee time, then no funding fee will be charged or paid.

When the funding rate is positive, longs pay shorts. When the funding rate is negative, shorts pay longs. When holding a position in both directions, only the funding fee for the naked position is calculated.