How Are Contract Fees and Funding Rates Calculated in 2026: MSX Fee Structure and Calculation Examples Explained

Key Takeaways / TL;DR

• MSX contract fees: maker fee 0.02%, taker fee 0.045%, get a 10% discount when paying with $MSX.
• Funding rate: a periodic payment between longs and shorts to anchor the contract price to the spot price**, settled every 8 hours.
• Calculation example: a taker opening position with notional value of 1000 USDT incurs a fee of 0.45 USDT; funding fees are calculated based on position value and funding rate.
• Cost-saving strategies: holding $MSX and using it to pay fees gives a 10% discount, choosing maker orders lowers the fee rate, and monitoring funding rates can optimize holding costs.

How Are MSX Contract Fees Calculated?

MSX contract trading fees are calculated by multiplying the notional value by the corresponding fee rate. There are two types: maker and taker, with rates of 0.02% and 0.045% respectively. Paying with $MSX gives a 10% discount.

What Are the Types of Contract Fees?

Contract fees (fees paid to the platform when trading, charged as a percentage of the notional value) are mainly divided into two categories:

• Maker fee: charged when a maker order is filled, at a rate of 0.02%. A maker order is a limit order that does not fill immediately but rests in the order book waiting for someone to take it.
• Taker fee: charged when a taker order is filled, at a rate of 0.045%. A taker order is an order that fills immediately against existing orders in the order book.

What Are the Maker and Taker Fee Rates?

As of 2026, the MSX contract trading maker fee is 0.02% and taker fee is 0.045%. This fee structure is competitive among major contract platforms.

Order Type	Fee Rate (2026)	Description
Maker	0.02%	Provides liquidity, lower fee
Taker	0.045%	Consumes liquidity, higher fee

How Much Can You Save by Paying Fees with $MSX?

Using $MSX (MSX platform's utility token, which can be used for fee discounts, staking benefits, etc.) to pay contract fees gives a 10% discount, i.e., a 10% reduction. For example, a taker fee of 0.045 USDT on a 100 USDT trade becomes only 0.0405 USDT when paid with $MSX.

What Is the Funding Rate and How Is It Calculated?

The funding rate (a periodic payment between longs and shorts to anchor the contract price to the spot price) is a periodic fee exchanged between longs and shorts in perpetual contracts. It is calculated as position value multiplied by the funding rate, and MSX settles it every 8 hours.

What Is the Definition of Funding Rate?

The funding rate is a mechanism unique to perpetual contracts, used to balance the deviation between the contract price and the spot price. When the contract price is higher than the spot price, longs pay shorts; conversely, shorts pay longs. This drives the contract price back toward the spot price.

How Does the Funding Rate Affect Holding Costs?

The funding rate directly affects holding costs, especially for long-term positions. Funding fee = position value × funding rate. If the funding rate is positive, longs pay periodically; if negative, longs receive. The longer the holding period, the greater the impact of cumulative funding fees on total cost.

How Often Does MSX Settle Funding Rates?

MSX perpetual contract funding rates are settled every 8 hours, i.e., 3 times per day. Specific settlement times are subject to platform announcements. Traders can view the current funding rate and countdown to the next settlement on the position page.

What Are Some Examples of Contract Fee and Funding Rate Calculations?

Taking a taker opening position with a notional value of 1000 USDT as an example, the fee is 0.45 USDT. Funding fees are calculated based on holding time and rate, and the total cost is the sum of both.

How to Calculate Opening and Closing Fees?

• Opening fee: Assuming you open a contract position with a notional value of 1000 USDT as a taker, the fee = 1000 × 0.045% = 0.45 USDT.
• Closing fee: The closing fee is also calculated based on notional value. If you close as a maker, the fee = 1000 × 0.02% = 0.2 USDT.

How to Calculate Funding Fees During Holding?

Assuming a funding rate of 0.01%, a position notional value of 1000 USDT, and holding for 8 hours (one settlement cycle), the funding fee = 1000 × 0.01% = 0.1 USDT. If holding for 24 hours (3 cycles), the cumulative funding fee is 0.3 USDT.

How to Estimate Total Cost?

Total cost = opening fee + closing fee + cumulative funding fees. For example, opening 1000 USDT as taker, closing as maker, holding for 24 hours with a constant funding rate of 0.01%, total cost = 0.45 + 0.2 + 0.3 = 0.95 USDT. Actual costs vary with funding rate fluctuations.

How to Reduce MSX Contract Trading Costs?

Paying contract fees with $MSX gives a 10% discount, and choosing maker orders lowers the fee rate. Combining these strategies helps reduce trading costs.

What Are the Specific Steps to Use $MSX for Fee Discounts?

1. Hold sufficient $MSX tokens in your MSX account.
2. Enable the "Use $MSX to pay fees" option in contract trading settings.
3. When placing orders, the system will automatically use $MSX to pay fees and apply the 10% discount.

Are There Other Cost-Reduction Strategies?

• Choose maker orders: The maker fee of 0.02% is lower than the taker fee of 0.045%, significantly reducing fees.
• Monitor funding rates: Holding positions when funding rates are low or negative can reduce funding expenses or even earn funding income.
• Manage holding time reasonably: Reduce unnecessary holding periods to lower cumulative funding fees.

FAQ

How are MSX contract fees calculated?

MSX contract fees are calculated as notional value multiplied by the fee rate. Maker fee is 0.02%, taker fee is 0.045%. For example, a taker opening fee on 1000 USDT is 0.45 USDT.

What is the funding rate and how is it calculated?

The funding rate is a periodic fee exchanged between longs and shorts in perpetual contracts, used to anchor the spot price. It is calculated as position value multiplied by the funding rate, and MSX settles it every 8 hours.

How much can I save by using $MSX to pay fees?

Using $MSX to pay contract fees gives a 10% discount, i.e., a 10% reduction. For example, a taker fee of 0.45 USDT becomes only 0.405 USDT when paid with $MSX.

How is the funding rate calculated for DOGEUSDT perpetual contracts?

The funding rate for DOGEUSDT perpetual contracts is calculated the same way as other contracts: funding fee = position value × funding rate. You can check the specific rate in the funding rate column on the MSX contract trading page, updated every 8 hours.

How is the funding rate calculated for BNBUSDT perpetual contracts?

The funding rate for BNBUSDT perpetual contracts is also calculated as position value multiplied by the funding rate. Traders can view real-time funding rates and settlement times on the MSX platform to assess holding costs.

Related Reading

• MSX Fee Calculation Tutorial 2026: Step-by-Step to Calculate Your Actual Trading Costs
• MSX Complete Fee Guide 2026: Spot, Contract, Withdrawal Fee Structure and Saving Tips
• MSX Perpetual Contract Maker Order Strategy Tutorial 2026: Optimize Trading Costs with 0.02% Maker Fee
• BNBUSDT Perpetual Contract Complete Trading Guide 2026: MSX Platform Fee Structure, Funding Rate, and Opening Practice

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Crypto assets are highly volatile and may result in total loss of principal. Please do your own research and make independent decisions (DYOR).