**ORDER COST**

At the Order Confirmation Window and Order Zone, the ‘Order Cost’ is the total margin needed to open a particular position. It is calculated using the Initial Margin plus a 2-way taker fee. The actual fee charged/received depends on the execution type.

Order Cost = Initial Margin + Two-Way Taker Fee

Fee to open = (Quantity of contracts * Order Price) x Taker fee

Fee to close = (Quantity of contracts * Bankruptcy Price derived from Order Price) x Taker fee

Bankruptcy Price for long position = Entry Price x (1 - Initial Margin Rate)

Example:Trader place a long entry of 1BTC at USD8000 with 50x leverage.

**Initial Margin** = (1BTC*8000) / 50

= 160USDT

**Fee to open** = 1BTC x 8000 x 0.075%

= 6USDT

**Bankruptcy Price** = 8000 x (1 – 0.02)

= USD7840

**Fee to close** = 1BTC x 7840 x 0.075%

= 5.88USDT

For more details about the calculation of bankruptcy price, please click here.

**Order Cost** = 160USDT + 6USDT + 5.88USDT

= 171.88 USDT

**Note: The following criteria must be met in order to place an order successfully. **

1) The Order cost ( Initial Margin + Two-Way Taker Fee ) required has to be smaller than or equal to the available balance

2) Under cross margin mode, in the event that there is opened position, (1.2 x maintenance margin (MM) of open position + unrealized loss of position) has to be smaller than or equal to the available balance.