# Trading Fee
Dear users, In order to thank GART community members for their support, the Griffin Art team decided to launch a Trading Contest with 180,000,000 GART to be won! The details are as follows: Event Period: 2022-02-14 12:00 - 2022-02-17 15:00 (UTC) 1) Grand Prize Rules: During the event duration, users who achieve a minimum trading volume of 5,000 USDT can stand a chance to share 128,000,000 GART. Users will be ranked according to their total trading volume, rewards distribution are as below: Rank Prize (GART) Min. Trading Volume (USDT) 1st place 50,000,000 30,000 2nd place 30,000,000 20,000 3rd place 20,000,000 4-10th place 4,000,000 each 5,000 2) Participation Prize Rules: All GART traders with a minimum trading volume of 300 USDT are eligible to share a 52,000,000 GART prize pool. Prizes received by each user are proportional to the individual trading volume during the event. Terms & Conditions: Net Deposit = Deposit - Withdrawal; Valid Trading Volume = Buys + Sells. Users participating in this event must complete the required KYC verification before the end of the event to be deemed eligible for the rewards. Winner list and rewards will be announced and distributed within 7 working days after the event concludes. Users that ranked in the top 10 traders on GART Trading Contest are not qualified for the Participation Prize. MEXC reserves the right to disqualify users that are deemed to be wash trading, illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation. This event was initiated by the Griffin Art official team, and the rewards are provided by the project party. All participating users are deemed to participate voluntarily. This event does not constitute any investment advice. MEXC has the final interpretation right of this event. Risk Reminders Users are strongly advised to do their own research before participating. Nothing herein shall be construed to be financial advice or recommendation to participate in the associated network. The price of the project token may fluctuate greatly due to market conditions and other factors. Withdrawal for the project token may be suspended (fully/partially) due to the token mechanism. Find us on: Medium: https://medium.com/mexcglobal Telegram: https://t.me/MEXCEnglish MEXC trading: https://t.me/MEXCTradeofficial Twitter: https://twitter.com/MEXC_Global https://twitter.com/MEXC_Fans Facebook: https://www.facebook.com/mexcglobal Discord: https://discord.gg/zu5drS8 Instagram: https://www.instagram.com/mexcglobal/ Refer a friend to enjoy a high rebate; create your personalized invitation link today: https://www.MEXC.com/invite Buy USDT Instantly here: https://otc.mexc.com/ Enjoy trading on MEXC. The MEXC team 13 February 2022
Dear users, To give thanks to the HOSKY Token community, MEXC will launch the "MX DeFi'' Session to enable mining on HOSKY tokens from February 13 to February 15. Throughout the campaign, users can stake MX and HOSKY to earn liquidity yield on HOSKY. The staking period will last 3 days. Details are as follows: Campaign start time: 2022-02-13 02:00 (UTC) Staking period: 2022-02-13 02:00 - 2022-02-15 16:00 (UTC) The total yield pool includes 625,000,000,000 HOSKY tokens. Hard cap and allocation details to each staking crypto asset are as follows: MX: no hard cap; a total of 500,000,000,000 HOSKY liquidity yield (80% of the yield pool)HOSKY: no hard cap; a total of 125,000,000,000 HOSKY liquidity yield (20% of the yield pool) How to participate: Web: Log in to the MEXC official website – Find “Earn” on the Navigation Bar – Click "MX DeFi" to enter the event page — Select "Staking" APP: Find "MX DeFi" on the homepage to enter the event page – Select "Staking” Liquidity yield calculation (daily): User’s daily yield amount = (User’s staking value / total staking value) * Yield supply of the day For example: Suppose user A stakes 10,000 MX to earn HOSKY, the yield supply of T day is 166,666,666,666.667 HOSKY for MX pool, and the total staking value of T day (snapshot taking on T+1 day) is 500,000 MX, then, User A can earn a yield of: (10,000 / 500,000) * 166,666,666,666.667 HOSKY = 3,333,333,333.33334 HOSKY Note: Minimum Entry Requirement: 10 MX and 100,000,000 HOSKY respectively;If a user joins staking on day T, he/she can unlock the staking token on day T+1;The yield is calculated daily and will be distributed to the user's account on the next day. Project Info (This information is provided by the project team. Strictly for references only.) Project Name: HOSKY Token (HOSKY) Total Supply: 1,000,000,000,000,001 HOSKY Official Website: https://hosky.io/ Block Explorer: https://cardanoscan.io/token/a0028f350aaabe0545fdcb56b039bfb08e4bb4d8c4d7c3c7d481c235484f534b59 Discord: https://discord.com/invite/hosky Twitter: https://twitter.com/hoskytoken Whitepaper Project Brief Introduction: The PREMIERE low-quality s#!t coin doggo meme token, exclusively on the Cardano Ecosystem. We are THE s#!t, we are NOT s#!t. Learn more about HOSKY Token (HOSKY): What is Hosky Token (HOSKY) Learn How to Buy Hosky Token (HOSKY) Risk Warning Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Exchange will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets. Find us on: Medium: https://medium.com/mexcglobal Telegram: https://t.me/MEXCEnglish MEXC trading: https://t.me/MEXCTradeofficial Twitter: https://twitter.com/MEXC_Global https://twitter.com/MEXC_Fans Facebook: https://www.facebook.com/mexcglobal Discord: https://discord.gg/zu5drS8 Instagram: https://www.instagram.com/mexcglobal/ Refer a friend to enjoy a high rebate, create your personalized invitation link today: https://www.mexc.com/invite Buy USDT Instantly here: https://otc.mexc.com/ Enjoy trading on MEXC. The MEXC Team 12 February 2022
In order to reduce transaction fees, provide a better trading experience and reward active traders, MEXC Futures implemented a tiered fee rate starting at 16:00 (UTC+8) on October 14, 2020. The details are as follows: Note: Trading volume= opening + closing (all contract types). Trader level is updated every day at 16:00(UTC) according to the user's Futures account wallet balance or the user's 30-day trading volume. The update time may be slightly delayed. When the contract fee rate is 0 or negative, the contract fee discount will not be used. Market makers are not entitled to this discount. These rules form part of the platform user agreement and have the same legal effect as the user agreement.
MEXC offers two kinds of contracts: USDT-M and COIN-M contracts. The USDT-M contract is quoted in USDT and settled in USDT while the COIN-M contract is quoted in USDT and settled in BTC. The principle of calculation is similar but there are some slight differences. Please note that during the calculation, trading fee and other complex components will not be taken into account. The aim is to explain how margin is calculated to users. Margins Explained All MEXC perpetual contracts require a certain amount of margin to open a position. Successful margin trading requires an understanding of the following concepts: Starting Margin: This minimum margin required to open a position. Your starting margin is dependent on margin rate requirements. Maintenance Margin: The minimum margin requirement for maintaining a position below which additional funds will have to be deposited or forced liquidation may occur. Opening Cost: The total amount of funds required to open a position, including the initial margin for opening a position and transaction fees. Margin calculation In perpetual contracts, the order cost is the margin required to open a position. The actual cost is determined by whether the order is executed by a maker or taker because varying fees apply. COIN-M contract: Order cost (margin) = number of open positions * futures size / (leverage multiplier * avg. entry price) USDT-M contract: Order cost (margin) = avg. entry price * number of open positions * futures size / leverage multiplier Examples: COIN-M Contracts If a trader wants to purchase 100 BTC/USDT perpetual contracts at the price of 7,000USD with a leverage multiplier of 25, and the value of each contract is 100 USD, then the margin required = 100x100 / (7000x25 ) = 0.0571BTC. USDT-M Contracts If a trader wants to purchase 10,000 BTC/USDT perpetual contracts at the price of 7,000USDT with leverage multiplier of 25, and the value of each contract is 0.0001BTC, then the margin required = 10000x0.0001x7000/25 = 280 USDT. PNL Calculation PNL calculation includes fee income or expenditure, funding fee income or expenditure, and PNL upon closing a position. Fee The expenditure of the taker = Position value * Taker fee The expenditure of the maker = Position value * Maker fee Funding fee According to the negative or positive funding fee rate and the long or short position held, the trader will pay or receive funding fee. Funding fee = funding fee rate * position value Note: The position value is calculated from the fair price when the funding fee rate is settled. Closing PNL: USDT-M Contract Long position = (exit price - avg. entry price) * number of holding positions * futures size Short position = (avg. entry price - exit price) * number of holding positions * futures size COIN-M Contract Long position = (1/avg. entry price - 1/avg. exit price) * number of holding positions * futures size Short position = (1/avg. exit price - 1/avg. entry price) * number of holding positions * futures size Floating PNL USDT-M Contract Long position = (fair price - avg. entry price) * number of holding positions * futures size Short position = (avg. entry price - fair price) * number of holding positions * futures size COIN-M Contract Long position = (1/avg. entry price - 1/fair price) * number of holding positions * futures size Short position = (1/fair price - 1/avg. entry price) * number of holding positions * futures size For example, a trader purchases 10,000 cont. long for BTC/USDT perpetual contract at the price of 7,000USDT as a taker. If the taker fee is 0.06%, the maker fee is 0.02%, the funding fee rate is -0.025%, and the current fair price is 7000USDT, then the trader shall pay a taker fee of: 7000*10000*0.0001*0.06% = 4.2USDT and the trader pays a funding fee of: 7000*10000*0.0001*-0.025% = -1.75USDT In this situation, the negative value means that the trader receives the funding fee instead. When said trader closes 10,000 cont. BTC/USDT perpetual contract at 8,000USDT, then the closing PNL is: (8000-7000) *10000*0.0001 = 1000 USDT And the closing fee can be calculated as follows: 8000*10000*0.0001*0.02% = 1.6 USDT Hence, the realized PNL of the trader = 1000+1.75-4.2-1.6 = 995.95 USDT