Introduction text below
Different order types will have different corresponding transaction fees, kindly click to view
the definition of maker and taker.Users can get the discounted transaction fees by joining our platform’s campaigns.
When you place an order that goes on the order book partially or fully such as a limit order, any subsequent trades coming from that order will be known as “makers.”These orders add volume to the order book, helping to “make the market,” and are therefore termed the “maker” for any subsequent trades.
When you place an order that trades immediately, either by filling partially or fully, before going on the order book, those trades will be “taker” trades.Trades from market orders are always Takers, as Market orders can never go on the order book. These trades are “taking” volume off of the order book, and are therefore called“takers.”
For ApolloX users, Maker fees are 0.02% and Taker fees are 0.07%. Buying BTCUSDT Futures using a Market Order: Nominal value= Number of futures contracts × Transaction price = 1 BTC × 49,000= 49,000 As a Taker, you would pay a transaction fee of 49,000 × 0.07% = 34.3 USDT.Once the price goes up, you can place a Maker sell order: Nominal value= Number of futures contracts × Transaction price = 1 BTC x 49,500= 49,500. As a Maker, you would pay a transaction fee of 49,000 × 0.02% = 9.9 USDT.