When trading Gate options, the following three fees may be incurred: trading fees, exercise fees, and liquidation fees. Let’s take a look at each of them. encryption Options Explanation of various related fees.
Transaction Fee
Options trading The concepts of Maker and Taker:
A Maker "open orders" refers to orders that provide liquidity to the order book. These types of orders (such as limit orders) are not executed immediately but are placed in the order book waiting for a match. Taker refers to orders that consume liquidity from the order book. These types of orders (such as market orders or limit orders that are filled immediately) will be executed immediately after submission, directly matching with existing open orders.
| | Maker Fee | Taker Fee |
| :--- | :--- |
| Options | 0.03% (BTC/ETH)
0.02% (other options underlying) | 0.03% (BTC/ETH)
0.05% (other options contracts underlying) |
Note: The trading fee for a single contract must not exceed 12.5% of the options price.
Calculation formula
Transaction fee = MIN(Taker/Maker rate x index price, maximum proportion of trading fee to order price × options trading price) × options trading quantity MIN is an abbreviation for minimum, the function MIN(A, B) will give the minimum value of A and B.
Example
- Type: Call Option
- Strike Price: $ 105,000
- Order quantity: 0.3 BTC or 30 options contracts
- Expiration Date: June 11, 2025
- Underlying Asset: BTC
- Order Type: Limit Order Maker
- Options market price: 666 USDT
When the BTC index price is $102,000, place an order for 0.3 BTC or 30 contracts, with a trading price of $200. In this case, a trading fee of 7.5 USDT is required, calculated as follows: Trading fee = MIN(0.03%×102,000, 12.5%×200) × 0.3
exercise fee
A fee will be charged when exercising the option. Taking a call option as an example. When the delivery price of the underlying asset is higher than the exercise price, the option is executed. The buyer gains the option profit, while the seller is obligated to sell the option. Both parties must pay the exercise fee. Only unexercised options and daily options are exempt from exercise fees.
| | Non-Same-Day Exercise Fee Rate | Intraday Exercise Fee Rate | | :--- | :--- | | Options | 0.015% | 0.000% |
Please note: The exercise fee for a single contract cannot exceed 12.5% of the options contract profit, where options contract profit = settlement price - exercise price. Daily options do not incur an exercise fee, daily options refer to the options for the same day, the next day, and the day after, daily options do not include periodic options, monthly options, and quarterly options.
Calculation formula
Options exercise fee = MIN [exercise fee rate × index price, maximum proportion of exercise fee in options profit × (market price - exercise price)] × holdings
Example
- Type: Call Option
- Underlying Asset: BTC
- Strike Price: $ 105,000
- Transaction amount: 0.3 BTC
- Expiration Date: June 27, 2025
- Expected market price: $ 106,000
When the options contract expires, the BTC index price is $106,000. Exercise the call option. In this case, a premium of 4.77 USDT needs to be paid, calculated as follows: Delivery fee = MIN[0.015% × 106,000, 12.5% × (106,000 − 105,000)] × 0.3
liquidation fee
In options trading, insufficient margin will lead to liquidation and fees will be charged.
| liquidation fee rate | |
|---|---|
| Options | 0.03% |
Calculation formula
liquidation fee = liquidation fee rate × options trading quantity × index price
Example
In the following options trading:
- Type: Call Option
- Strike Price: $ 107,000
- Transaction amount: 0.3 BTC
- Expiration Date: June 27, 2025
- Underlying Asset: BTC
The seller of the BTCUSDT-250627-107000-C options. If the BTC index price rises to $110,000, he needs to top up the margin to maintain the position. However, his available balance is insufficient. Therefore, the position is forced to liquidate. In this case, the liquidation fee will be 9.9 USDT, calculated as follows: In this case, a forced liquidation fee of 9.9 USDT needs to be paid, calculated as follows: Forced liquidation fee = 0.03% × 0.3 × 110,000
