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Are there any fees associated with shorting crypto on FTX?

avatarolu seunDec 18, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when shorting cryptocurrencies on the FTX exchange? I'm interested in knowing the costs involved before I start shorting.

Are there any fees associated with shorting crypto on FTX?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees associated with shorting crypto on FTX. When you short a cryptocurrency on FTX, you will be charged a borrowing fee for borrowing the asset that you want to short. This fee is typically a small percentage of the value of the borrowed asset and is charged on a daily basis. Additionally, there may be other fees such as trading fees and funding fees that you need to consider. It's important to check the FTX website or contact their customer support for the most up-to-date fee information.
  • avatarDec 18, 2021 · 3 years ago
    Shorting crypto on FTX does come with fees. The specific fees will depend on the cryptocurrency you want to short and the duration of your short position. FTX charges a borrowing fee for borrowing the cryptocurrency, which is usually a small percentage of the borrowed amount. In addition to the borrowing fee, there may be other fees such as trading fees and funding fees. It's recommended to review the fee schedule on the FTX website or reach out to their customer support for detailed information on the fees associated with shorting crypto on FTX.
  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees associated with shorting crypto on FTX. FTX is a popular cryptocurrency exchange that offers shorting capabilities. When you short a cryptocurrency on FTX, you will be charged a borrowing fee for borrowing the asset. This fee is typically a small percentage of the borrowed amount and is charged on a daily basis. In addition to the borrowing fee, there may be other fees such as trading fees and funding fees. It's important to consider these fees when planning your short positions on FTX. For more specific fee information, you can visit the FTX website or contact their customer support.