# Trading Fee Rate During futures order execution, **NewCoin** charges a trading fee based on the executed portion of the order. Fees are only incurred upon order execution and are deducted from your account balance. They do not affect the initial margin required to open a position. *** #### Fee Rates * **Maker**: 0.04% * **Taker**: 0.08% *** #### Fee Calculation Futures trading fees are calculated based on the **position notional value**, and are independent of the leverage used. **Formula:** > Fee = Position Notional Value × Fee Rate\ > Fee = Order Quantity × Mark Price × Fee Rate *** #### Example Assume you place a futures trade with the following parameters: * Position Notional Value: 100,000 USDT * Leverage: 10x * Initial Margin: 10,000 USDT Although leverage is applied, the fee is still calculated based on the full notional value: > Fee = 100,000 × 0.0008 = **80 USDT** *** #### Key Notes * Fees are based on notional value, not leverage * Fees are only charged on executed trades * No fees are incurred for unfilled orders * Fees are deducted directly from your account balance *** Thank you for your trust and support in **NewCoin**! --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://newcoin-doc.gitbook.io/newcoin/english/derivatives-trading/trading-fee-rate.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.