When "Place an Order", the "cost" is the margins needed to open a particular position. It is calculated using the initial margin plus a 2 way taker fees.

Order Value = Position * Multiplier * Open Price

Fees = Fees Rate * Order Value

Initial Margin = Position * Multiplier * Open Price / Leverage

Order Cost = Initial Margin + 2 Way Fees

*Maker Fees and Taker Fees

* Multiplier = 0.001

Example:

A trader places a long entry of 100 contracts at USDT 7,000 with 50x Leverage.

Order Value = 100 * 0.001 * 7,000

= 700 USDT

2 Way Fees = (0.02% * 700) * 2

= 0.28 USDT

Order Cost = (100 * 0.001 * 7,000 / 50) + 0.28

= 14.28 USDT

The initial margin (order cost) of opening 100 long contracts at USDT 7,000 with 50x leverage is 14.28 USDT. **Examples above may not reflect on the real market as it varies on other conditions such as volume, fees, risk level, etc.

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