LBank Futures Trading Fee Explanation

1. The LBank futures trading fee is:

• Taker Fee: 0.06%
• Maker Fee: 0.02%

For detailed fee information, please refer to:

App: https://m.lbank.com/fee/trading 

Web: https://www.lbank.com/fee/trading 

• What is a Taker?

When you place an order that trades immediately before going on the order book, either filling partially or fully, those trades will be "taker" trades.

Trades from market orders are always Takers, as market orders can never go on the order book. These trades are "taking" volume off of the order book, and are therefore called the "taker."

• What is a Maker?

When you place an order that goes on the order book partially or fully, such as a limit order, any subsequent trades coming from that order will be as a “maker.”

These orders add volume to the order book, helping to "make the market," and are therefore termed the "maker" for any subsequent trades.

2. How is the Trading Fee Calculated?

Futures trading fees are calculated as follows:

Fee Formula:
Trading Fee = Notional Value × Fee Rate
Notional Value = Number of futures × Execution Price

Example Calculation

A user places a market order to buy 0.2 BTC futures contracts at a price of 80,000 USDT/BTC:

• Notional Value: 80,000 × 0.2 = 16,000 USDT
• Taker Fee: 16,000 × 0.06% = 9.6 USDT

Later, the user places a limit order to sell the futures at 90,000 USDT/BTC:

• Notional Value: 90,000 × 0.2 = 18,000 USDT
• Maker Fee: 18,000 × 0.02% = 3.6 USDT

3. How to Check Your Trading Fees?

App

1. Open LBank and tap [Futures] at the bottom.
2. Click the small History icon on the right side of the positions section.
3. Navigate to [Filled] to check the fees for each transaction.

Web

1. Open LBank and click [Futures] on the top menu.
2. Go to [Transaction History] under the positions section.
3. Scroll down to view the trading fees for each transaction.