How is the Futures trading fees calculated?

To check your current trading fees, please click on this link: https://help.bitmake.com/hc/en-us/articles/4423580637711

For understanding the concepts of Maker and Taker orders, please refer to: https://help.bitmake.com/hc/en-us/articles/5666639170575

The formula for calculating transaction fees is as follows: Fee = Amount x Entry price x Fee Rate

For example, if the user's current Maker fee rate is 0.020% and Taker fee rate is 0.070%:

For a market order of 1 BTCUSDT at a price of 23,000 USD:

The Taker fee to be paid would be: 1 x 23,000 x 0.070% = 16.1 USDT

For a limit order of selling 0.5 BTCUSDT at a set price of 23,500 USDT, assuming it gets fully executed when the price reaches 23,500 USDT:

The Maker fee to be paid would be: 0.5 x 23,500 x 0.020% = 2.35 USDT