Instructions of Futures Order Cost

Anúncios Instructions of Futures Order Cost

2022-03-24 09:43:39 UTC 72954 Lido

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## Order Cost
It means order margin, which you can view in the "Submit Order".

### Web Version
![](https://gimg2.gateimg.com/image/article/1666756629WX20221025-161632@2x.png)

### App Version
![](https://gimg2.gateimg.com/image/article/1666757457WX20221025-170836@2x.png)

> Order Cost = Initial Margin + Fee to Open
= ( Order Value / Leverage ) + Fee to Close + Fee to Open

> Fee to Open = Order Value x Taker Rate
> Fee to Close (Go Long) = Order Value x Taker Rate

In the short direction, the order value at the exit price may become higher. Therefore,
> Fee to Close (Go Short) = Order Value x (1+1/Leverage) x Taker Rate

> Taker Rate = 0.075%

## Please Note

1. The default unit is ordered by Contracts, you can customize it in "Setup" as ordered by Currency.
2. If you want to place an order successfully, the order cost (Initial Margin + Fee to Open) must be lower than or equal to the available balance.

## For Example

- You open a short position of 1,000 BTC/USDT contracts with 100 leverage at 40,000 USDT.

Order Value = Position Size x Contract Multiplier x Price = 1,000 x 0.0001 x 40,000 = 4,000 USDT
Fee to Open = Order Value x Taker Rate = 4,000 x 0.075% = 3 USDT
Fee to Close = Order Value x (1+1/Leverage) x Taker Rate 
                   = 4,000 x (1+1/100) x 0.075% = 3.03 USDT

Order Cost = ( Order Value / Leverage ) + Fee to Close + Fee to Open 
               = (4,000/100) + 3 + 3.03 = 46.03 USDT

- If you change the direction to long, the order value and fee to open will remain the same.

Fee to Close = Fee to Open = 3 USDT

Order Cost = ( Order Value / Leverage ) + Fee to Close + Fee to Open
               = (4,000/100) + 3 + 3 = 46 USDT

![](https://gimg2.gateimg.com/image/article/1666756951WX20221025-170717@2x.png)

## Why the order cost of long and short positions are different?

You may have noticed that for the same quantity of contracts, the order cost in the long and short direction can be slightly different. It is due to the different formula for calculating the fee to close.

**Note: **Fee to close is only the margin set by the system to close a position in the worst case. It is not the fee to close you will pay when closing a position. If you close a position with SL/TP order and have margin left over, the fee to close will return to your available balance.

Gate.io reserves the final right to interpret the product.

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