Description of XT ETF Product Rates

XT ETF is essentially a fund, with a certain number of perpetual contract positions corresponding to each variety of product. The fund management dynamically adjusts the contract positions through rebalancing to ensure that the user's return on the day of holding the ETF and the corresponding spot return of the underlying assets reach a fixed target multiple. Therefore, in the actual operation of the ETF, transaction costs such as perpetual contract trading fees, perpetual contract funding rates and opening spread losses will be incurred. The platform needs to charge a percentage of management fees to cover these operating costs.

Therefore, when trading XT ETFs, users may be involved in two major costs: transaction fees incurred when trading XT ETF products and management fees incurred from holding XT ETFs. The specific cost structure of XT ETF trading is as follows:

1. Transaction fee: XT ETF trading is essentially spot trading, according to the spot trading rate standard, when users trade ETFs, the current trading fee rate is Maker 0.2000%, Taker 0.2000%.
2. Management Fee: XT ETF will collect the management fee of the ETF's position on the same day at fixed times every day: 00:00 UTC, 08:00 UTC, and 16:00 UTC, which will be automatically deducted from the net value and does not need to be paid by the user separately. If no position is held at the above collection time nodes, there is no need to pay the relevant fees. Different rates are applied to ETF products with different leverage multiples. Details are as follows:
   - 5x leveraged ETF: Daily position management fee of 0.5%, charged every 8 hours, 3 times a day, with a single charge of 0.167%.
   - 3x leveraged ETF: Daily position management fee of 0.3%, charged every 8 hours, 3 times a day, with a single charge of 0.1%.