# 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.

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#### Fee Rates

* **Maker**: 0.04%
* **Taker**: 0.08%

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#### 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

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#### 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**

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#### 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

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