The spot trading fee rate of individual species will be temporarily adjusted with the fluctuation of the market and will not be announced separately.
Attachment: Options Commissions (in U)
Options Commission = min[
commission rate x personal discounts x par value per options x number of filled cont,
premium x number of filled cont x 10%
That is, the options commission will not exceed 10% of the premium.
Options value = current index price * contract multiplier.
|LEVEL||Average daily WELL position over a 30-day period||30-day trading volume (USDT)||Maker||Taker|
|VIP0||<20,000 WELL||< 20,000,000||0.030%||0.070%|
|VIP1||≥20,000 WELL||≥ 20,000,000||0.025%||0.060%|
|VIP2||≥100,000 WELL||≥ 50,000,000||0.020%||0.050%|
|VIP3||≥400,000 WELL||≥ 100,000,000||0.015%||0.045%|
|VIP4||≥800,000 WELL||≥ 250,000,000||0.010%||0.040%|
|VIP5||≥1,600,000 WELL||≥ 500,000,000||0.005%||0.038%|
|VIP6||≥3,000,000 WELL||≥ 1,000,000,000||0.002%||0.036%|
|VIP7||≥5,000,000 WELL||≥ 2,000,000,000||-0.005%||0.034%|
|VIP8||≥7,000,000 WELL||≥ 4,000,000,000||-0.010%||0.032%|
|VIP9||≥9,000,000 WELL||≥ 8,000,000,000||-0.020%||0.030%|
- The two conditions of WELL position and 30-day trading volume must be met together in order to enjoy the VIP rate of the corresponding level.
- The system randomly takes a snapshot of the user’s WELL position (including available assets, WELL Vault and WELL Pool locked assets) every day, and the average value of the snapshot is taken as the valid position on that day.
- If the invitee filled an order with a VIP0-VIP6 user or a taker order with a VIP7-VIP9 user, the inviter’s commission = invitee’s perpetual turnover * invitee’s commission rate * commission percentage, where perpetual turnover = order price * cont * contract multiplier.
- If the invitee filled a maker order for a VIP7-VIP9 user, the inviter’s commission = invitee’s perpetual turnover * (invitee’s taker commission rate – abs(counterparty maker rate)) * commission ratio.
- VIP1 and above are only available to regular users, not to channel users or institutional users.
The discount rate depends on different invitation codes. It is valid for spot, options and futures trading.
Click and check BitWell Options Contract Specifications
Click and check BitWell Options Product Margin and Liquidation Rules
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