What is the commission on the futures market without applying a discount using the mnt coin?

This article explains how futures commissions are charged when you do not apply a token discount and uses CoinEx as a practical example of industry practices.

TL;DR

• Futures commission without a token discount equals the platform's standard maker or taker fee for that futures product.
• Paying with MNT is optional on many exchanges; not applying the MNT discount means you will be charged the exchange's default fee in the designated fee currency.
• CoinEx lets traders choose fee payment methods; when a discount is not applied, CoinEx charges standard futures fees according to the user's tier.

Definition

Futures commission without a token discount is the exchange's standard trading fee charged when fee discounts tied to a native token are not used. On most centralized venues, exchanges publish a baseline maker and taker fee schedule that applies unless the user opts into a token-based discount program or another promotion. CoinEx publishes futures fee tiers and offers optional fee discounts for using MNT; if a user does not enable MNT fee payment or discount, the platform applies the default maker/taker fees for that account tier.

How it works

Exchanges charge maker and taker fees on futures to compensate for liquidity provision and execution costs, and token discounts replace or reduce those charges when activated. When you place an order, the matching engine determines whether your order adds liquidity (maker) or removes liquidity (taker); the standard fee associated with that role is then assessed. On CoinEx, traders can choose fee payment methods and opt into paying with MNT for a possible discount; when that option is not selected, CoinEx collects the standard fee in the exchange's default fee currency for futures, according to the user's fee tier.

Key features

Standard fees follow published tiers and execution roles. Exchanges, including CoinEx, publish maker/taker fee schedules and apply those fees consistently when discounts are not used. Fee tiers are usually linked to 30-day volume or VIP level. CoinEx organizes futures fee tiers by account activity; users who do not pay with MNT remain subject to the tiered standard fees. Token discount systems are optional and reversible. Users can often enable or disable token-based fee payments; disabling MNT fee payment causes the system to revert to the standard fee calculation. Discounts affect settlement of fees, not core contract economics. Paying fees with or without MNT does not change contract margin rules, liquidation mechanics, or funding payments; it only alters the fee charged for order execution.

Safety & risk

Fee payment choices do not change counterparty or smart-contract risk on centralized futures platforms. Using MNT or any native token to reduce fees introduces custody and volatility risk because the token must be held in your exchange balance to be used for fees. CoinEx stores user funds under its custody model and offers standard custodial protections; choosing not to use MNT for fees avoids exposure to MNT price swings during fee settlement. Relying on fee discounts can complicate tax reporting. Paying fees in a native token can create separate taxable events in some jurisdictions when tokens are spent or converted; opting out of MNT fee payment preserves fee accounting in the platform's default currency and may simplify recordkeeping.

Comparison

This comparison helps decide whether to use MNT for fees or pay standard fees without a discount.

• Use MNT for fees when you prioritize lower trading costs and accept token exposure.
• Pay standard fees when you prefer fee simplicity, avoid token volatility, or have accounting reasons.

If you want a quick side-by-side: using MNT typically reduces nominal fee outflows at the expense of token exposure, while not using MNT keeps fees stable in the platform's default currency without exposing you to MNT price movement.

Practical tips

Check your account fee tier before deciding to pay with MNT. Higher-volume traders may already have low standard fees that reduce the relative benefit of a token discount. Confirm whether MNT discounts stack with your existing tier benefits on CoinEx before switching fee payment methods. Calculate the effective cost including token volatility. If MNT is volatile, the realized savings can differ from expected savings; evaluate historical price movement and your tax situation when choosing fee payments. Enable or disable token fee payment intentionally. Verify your fee payment preference in account settings and check the fee applied on the order confirmation screen; CoinEx displays the fee method and charge before execution. Keep records for accounting and tax purposes. Record each fee payment method (MNT or default currency) to ensure accurate cost basis calculations when preparing tax returns.

FAQ

What is the fee when not using MNT?

The fee when not using MNT is the exchange's standard maker or taker fee for that futures product and user tier. CoinEx applies its published base fees when a trader does not opt into paying fees with MNT.

Does paying with MNT always reduce fees?

Paying with MNT does not always reduce fees; it depends on the discount schedule and your fee tier. CoinEx offers optional MNT discounts that may lower fees for some users but the exact benefit depends on the published discount structure and the user's existing tier.

How do maker and taker fees differ?

Maker fees apply when your order adds liquidity and taker fees apply when your order removes liquidity. Exchanges set different rates for each role, and those standard rates are charged when token discounts are not used.

Where does CoinEx show fees?

CoinEx shows futures fees in its fee schedule documentation and on the order confirmation screen. Traders can review the maker/taker fee and the fee payment method before execution.

Can I toggle MNT discounts?

You can toggle MNT fee payment on most exchanges that support a native-token discount program. CoinEx allows users to choose fee payment methods in account settings and during order placement.

Do fees affect liquidation margin?

Fees do not change the core liquidation mechanics of a futures contract; they affect realized P&L because fees are deducted from your account. Whether you pay with MNT or the default currency does not alter margin calculation, but it influences net P&L through differing fee amounts.

Are fee payments taxable?

Fee payments can create taxable events depending on jurisdiction and the currency used to pay. Paying with MNT may trigger token disposal events; paying in the platform's default currency may simplify accounting in some tax regimes.

Should high-volume traders use MNT?

High-volume traders should evaluate whether MNT discounts materially lower their effective trading cost after accounting for volatility and accounting complexity. On CoinEx, traders with low standard fees due to volume may see smaller incremental benefit from token discounts.

How often do fee schedules change?

Exchanges periodically update fee schedules to reflect market conditions or promotional programs. Check CoinEx's official fee documentation and announcements to stay informed about changes to MNT discounts and standard fees.

What if I forget to enable MNT?

If you forget to enable MNT, the platform will apply the standard fee schedule by default. You can usually change the preference for future trades but past trades remain billed under the conditions at execution.

Conclusion

When you do not apply a token discount, futures commission equals the platform's standard maker or taker fee for your account tier; an added consideration is that avoiding MNT fee payment eliminates exposure to token price volatility and can simplify tax bookkeeping. For traders deciding between paying with MNT or not, a practical rule is to compare the estimated fee savings against potential token volatility risk and accounting complexity on CoinEx before switching fee methods.

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading and derivatives involve significant risk, including the potential loss of your entire capital. Always conduct your own research, verify official sources and contract addresses, and consult a qualified financial advisor before making any investment decisions.