Direct answer
An OKX futures fee is contract value × number of contracts × execution price × rate; OKX's documentation uses taker 0.05% and maker 0.02% at tier Lv1 as its example. On a 10,000 USDT position a taker open costs 5 USDT and 10 USDT round trip, and maker fills cost 4 USDT round trip. Tiers depend on 30-day futures volume and asset holdings, with the main account and sub-accounts counted together. With the same base rates as Binance, the cost difference between the two comes mainly from funding.
How the fee is worked out: contract value × contracts × price × rate
OKX's USDT-margined futures trade in contracts, each with a fixed contract value. The fee is contract value × number of contracts × execution price × rate — position value times the rate. Coin-margined contracts divide by the execution price instead of multiplying, and the fee is paid in the coin.
OKX's help page gives this example: a BTC/USDT perpetual with a contract value of 0.01 BTC, 100 contracts opened at 10,000 USDT as a taker, pays 0.01 × 100 × 10,000 × 0.0005 = 5 USDT.
What a 10,000 USDT position pays
At the Lv1 example rates on OKX's help page, a 10,000 USDT position costs 5 USDT to open as a taker and 2 USDT as a maker; opening and closing as a taker costs 10 USDT round trip, as a maker 4 USDT, and a maker open with a taker close 7 USDT.
These match the example rates for regular users on Binance's help page, so at base rates the same trade costs the same in fees on both; what separates them is VIP tiers, discounts and funding.
| Open / close | Rate | Opening | Round trip |
|---|---|---|---|
| Maker / maker | 0.02% / 0.02% | 2 USDT | 4 USDT |
| Maker / taker | 0.02% / 0.05% | 2 USDT | 7 USDT |
| Taker / taker | 0.05% / 0.05% | 5 USDT | 10 USDT |
Tiers: 30-day volume and assets
OKX states that users are classified as regular or VIP by their trading volume over the past 30 days and their asset holdings, each tier with its own fees, and that the futures tier counts the futures volume of the main account and all sub-accounts over the past 30 days.
The full thresholds and rates are on OKX's fee rates page, which shows your current tier once signed in. This page does not reproduce the table: it changes, and every account has its own tier.
The closing fee follows the value at the close
Like the opening fee, the closing fee uses the execution price at the time. Buying 0.2 BTC at 50,000 USDT — 20 contracts of 0.01 BTC — and closing at 52,000 USDT, the taker open pays 5 USDT and the close 5.20 USDT.
With 0.05% taker fees on both sides, the long breaks even at 50,050.03 USDT, about 0.10% above entry; a take-profit should start from the break-even price.
Funding is not collected by OKX
OKX states that funding passes directly between users holding longs and shorts and that OKX takes none of it. Most contracts settle every 8 hours, at 08:00, 16:00 and 24:00 Hong Kong time, and some every 1, 2 or 4 hours; closing before a settlement avoids that interval's funding.
Funding is not a fee but often costs more than fees: a 10,000 USDT long at +0.01% pays 1 USDT per interval, or 21 USDT over seven days of about 21 intervals.
What to watch when comparing with Binance
With identical base rates, three things matter more: your actual tier and discounts (Binance's 10% BNB discount, for instance), funding rates read at the same time, and whether the product is available where you live.
DZPTO's comparison page works out both exchanges' cost with the same amount, order type and holding period, and accepts your own VIP rates; it compares them only when both funding rates are current and read at the same time.
Checking your own rate before trading
Signed in, OKX's fee rates page shows your tier and your maker and taker rates, and the order confirmation shows the estimated fee.
Check the order type: a limit order that executes on arrival is still charged as a taker. To recompute with your own rates, enter them in the trading cost calculator or on the comparison page.
Official sources
The fee formula, the Lv1 example rates and the tier rules come from OKX's futures fee documentation, last updated 2026-08-26 according to OKX; the full fee table is on OKX's fee rates page; that funding passes directly between users without OKX taking any, and the settlement times, come from OKX's funding fee FAQ. Recorded 2026-10-07.
- OKX: How to calculate futures trading fees
- OKX: Trading fee rates
- OKX: Perpetual Futures Funding Fee FAQ
Keep reading
Frequently asked questions
What are OKX's futures fees?
OKX's fee documentation uses taker 0.05% and maker 0.02% at tier Lv1 as its example; VIP tiers pay less, and the fee rates page you see when signed in has your actual figures.
Are OKX and Binance futures fees the same?
At the base example rates on both help pages, yes: maker 0.02% and taker 0.05%. They differ in VIP thresholds, discounts and funding.
Why does OKX count fees in contracts?
OKX futures trade in contracts with a fixed face value; contracts × face value × execution price is the position value, and the fee is that times the rate — the same result as working from position value directly.
Does leverage affect the fee?
No. Fees follow position value, so the same position costs the same in fees at any leverage.
Can I avoid funding by closing before settlement?
Yes. OKX states that a position closed before settlement is not charged that interval's funding; but closing and reopening cost fees, usually more than one interval's funding.