What are the fees associated with OPUSDT futures trading?

What are the fees associated with OPUSDT futures trading?

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OPUSDT futures trading involves several types of fees that traders should be aware of. These typically include trading fees, which are charged when opening and closing a position, and funding fees, which are periodic payments made between long and short positions in perpetual contracts. On platforms like OPUSDT, trading fees are usually a small percentage of the contract value and vary depending on the type of account and market conditions. Funding fees are designed to keep the perpetual contract price aligned with the spot market price and fluctuate based on market dynamics. Additionally, if a position is liquidated, traders may incur liquidation fees, which can add to their overall cost. It’s important for traders to factor these fees into their trading strategy, as they can impact net profitability, especially for short-term trades.