The admin fee is calculated on a daily basis. The admin fee is about 1.1 times the number of everyday Swaps, which may be approximately 5% different.

In general, the logic of the administration fee is the same as the swap fee and has a positive correlation.

If Swap is calculated as positive, meaning the swap fee shall be paid to the client, we will not charge the client the administration fee.

If Swap is calculated as negative, meaning the client will be charged for the swap fee, we will charge the client the administration fee.