Fees
Last updated
Was this helpful?
Last updated
Was this helpful?
The fee for opening and closing positions is currently set at 0.03% for 200x leverage，0.05% for 100x or lower leverage.
YFX V4 implements the funding fee mechanism to balance the aggregated long and short positions. The funding fee is settled between traders and fund pools.
The funding fee is not settled every 8 hours, but the previous funding fees will be settled every time a transaction is made.
The funding fees on YFX are calculated in seconds on the blockchain, and the 1-hour estimated funding fee displayed on the trading page is the estimated 1-hour funding fee calculated using the real-time funding fees.
F: Funding Rate
P: Premium Index
I: Default Interest
Users can find real-time funding rates in their positions, and they can view the funding profit and loss for a particular trade in their trade history. A positive funding rate means the user earned funding, while a negative funding rate means the user paid funding.
There are two steps involved in opening/closing/editing a position: The first step is that the user sends a transaction request to the blockchain, including parameters like margin amount and leverage.
The second step is that Keepers observe the blockchain for the request, retrieve the price feed from the oracles, then execute the request. After the second step, the transaction is considered to be completely on-chain.
Therefore, when each transaction request is sent to the blockchain, an additional execution fee is required and paid to the blockchain network.
