Margin Funding is a tool that allows traders to borrow funds to increase the size of their trading positions. Using borrowed capital, this advanced tool enables traders to potentially boost their profits as part of margin trading.
However, borrowed capital comes with a cost, known as the Margin Funding Fee. To help reduce these fees, WhiteBIT offers discounts on margin funding fees for users holding the exchange's native coin – WBT.
These discounts are tiered and depend on the user's level, which is determined by the amount of WBT they hold. The higher the level, the greater the discount, allowing users to save on trading fees significantly.
Essentially, the margin funding discount is a benefit provided to WhiteBIT users, reducing the costs associated with borrowing funds for margin trading.
How do levels and discounts work in margin trading?
Whenever you open/close a position fully or partially in the margin market, you do so with an order. You open long positions using a Buy order and close them with a Sell order. Conversely, you open short positions using a Sell order and close them with a Buy order. At the moment the order is executed, a fee similar to that on the spot market is charged, depending on the role (Taker or Maker), for the entire volume of the order, including leverage.
The standard fee is 0.0585% for the use of borrowed funds with any leverage. This is a fixed funding rate, charged per second, for the entire time the position is open.
Margin funding (also called funding fee) is charged at the moment of closing a margin position (either partially or fully). Funding on WhiteBIT is a fixed rate that accrues per second throughout the time the position remains open. For user convenience, the displayed funding rate is indicated as a daily percentage, but calculation and payment are made for the entire duration the position was open.
- Opening a position fee: 0.1%
- Closing a position fee: 0.1%
- Adding funds to an open position fee: 0.1%
You can always find the latest fees on the Fees page.
Additionally, you can receive an extra discount on the fee. The margin funding discount works on a tiered system, where your WBT level and the corresponding discount are determined by the amount of WBT you hold. As your WBT holdings grow, your level increases, unlocking progressively larger discounts on margin funding fees. Discount structure:
| WBT Holding | User Level | Daily Fee (%) | Max Discount (%) |
| 10 WBT | Level 1 | 0.0581 | 0.66% |
| 200 WBT | Level 2 | 0.0577 | 1.30% |
| 1,500 WBT | Level 3 | 0.0573 | 1.94% |
| 4,000 WBT | Level 4 | 0.0569 | 2.59% |
| 10,000 WBT | Level 5 | 0.0566 | 3.23% |
| 16,000 WBT | Level 6 | 0.0562 | 3.88% |
| 30,000 WBT | Level 7 | 0.0559 | 4.52% |
| 60,000 WBT | Level 8 | 0.0555 | 5.16% |
| 100,000 WBT | Level 9 | 0.0551 | 5.81% |
| 160,000 WBT | Level 10 | 0.0547 | 6.45% |
| 2,000,000 WBT | Level 11 | 0.0543 | 7.10% |
| 6,000,000 WBT | Level 12 | 0.0539 | 7.74% |
Support
In case of any questions related to the functionality of our exchange, you can:
- Leave a request on our website;
- Write to the support email: support@whitebit.com;
- Write to the chat using the button
in the lower right corner of the screen (in the upper right corner of the WhiteBIT app, click
).