How a Service Fee is Calculated?
Bexplus only accepts BTC deposit and withdrawal. Users can invest in all trading pairs that are provided in the platform, but the Margin Used, Profit and Loss, Service Fee will be calculated in BTC. Bexplus will charge a service fee in every transaction. Below is the service rate for different trading pairs.
Only when opening a position and closing a position, the service fee will be charged according to the purchased contract value(in BTC) and paris, and it will be deducted from the balance in real-time. It will not be calculated into the floating profit. You can view the details in the transaction history. It is calculated based on contract value (transaction volume).
Calculation example 1 for BTC/USDT:
Take BTC worth $5,000 as an example, a trader opened a buy contract worth 10 BTC and the margin used was 0.1 BTC with 100x leverage. One hour later, when the BTC price reached $5,200, the trader closed the position.
The trader’s earnings will be: Contract value*(Closing price-Opening price)=10*(5,200-5,000)=2,000
The current value of earnings in bitcoin: Earnings/Closing bitcoin price=2,000/5,200=0.38461538 BTC
Open position service fee: Contract value in BTC * 0.075% =10* 0.075%= 0.0075 BTC
Close position service fee: Contract value in BTC * 0.075% =10* 0.075%= 0.0075 BTC
Sum of service fees =0.075*2= 0.015 BTC
Calculation example 2 for ETH/USDT:
Take BTC worth 5,000 and ETH worth 350 as an example, a trader opened a buy contract worth 100 ETH and the margin used was 0.07 BTC with 100x leverage. One hour later, when the BTC price reached $5,200 and the ETH price reached $380.
The trader’s earnings will be: Contract value*(Closing price-Opening price)=100*(380-350)=3,000
The current value of earnings in bitcoin: Earnings/Closing bitcoin price=3,000 /5,200=0.576923077 BTC
Open position service fee: Contract value in BTC* 0.151% =[(350*100)/5,000]* 0.151%= 0.01057000 BTC
Close position service fee: Contract value in BTC* 0.151% =[(380*100)/5,200]* 0.151%= 0.01103462 BTC
Sum of service fees =0.01057000+0.01103462= 0.0216046 BTC
1. Margin used formula- [Current price of the pair*Contract value)/100 times]/BTC current price
Take ETH/USDT as an example:
A trader opened a buy contract worth 100 ETH when the BTC price reached $5,000 and the ETH price reached $350, thus the margin used was: (350*100/100)/5,000=0.07 BTC
2. Contract value (in BTC) formula- (Current price of the pair*volume)/BTC current price
For other fees, please check out the Fees & Rules.
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