calculation trade fee
complete
MasterOfM
hello palmswap, it's my pleasure to try the plamswap platform and I have tried to make several transactions as I expected everything went very well. but there is one thing I want to say about trade fees, which is where the calculation of fees is taken from? because every time I open a position my margin is reduced by more than 0.05%
for details of my transaction can check here: 0x1347d616D0b78c53b4D71F76714F5A3C299F34B8
thank you so much
Support
complete
Support
Hi MasterOfM, if you open a position with 500 USDT and have selected for example a 10x leverage, so a total position size of about 5000 USDT, you pay an initial fee of 0.1%, so 5 USDT. The reason why your margin is reduced is because trading fees are paid.
Trading fees can be reduced by three different factors:
- reaching certain volume targets (lowest fee level 0.025%)
- $PALM token stakes (up to -30%)
- invitation by an affiliate (-10%)