The transaction cost of the cryptocurrency exchange is only the handling fee (there is an additional funding fee in the perpetual contract, which will be mentioned later). This is unavoidable. Due to the mechanism of cryptocurrency trading, especially for intraday short-term trading, the handling fee will definitely be relatively high, so it is important to pay attention to it. If there is a rebate, a large amount of fees can be saved, which is equivalent to risk-free profit.
Cryptocurrency trading mechanism
24 hours a day, 365 days a year, no closing time, enter and exit at will
Spot trading: long only
Contract trading: You can go long or short, and you can add leverage, but there is a margin call mechanism, so it is not recommended.
Cryptocurrency transaction fees
Since the fees of each exchange are different, the fees generated are also different.
Take Binance, the leading cryptocurrency platform, as an example
You can see that the spot rate is 0.1%, which is a unilateral rate. Both buying and selling require a handling fee.
For a transaction of 10,000u, a handling fee of 20u is required, which is about 150 RMB.
If you hold BNB on the platform, you can enjoy a 25% discount. If you add the rebate, you can get a bigger discount.
The contract fee is relatively low, 0.02% for placing orders and 0.05% for taking orders. If the discount is taken into account, the fee is as low as 0.0108% for placing orders and 0.05% for taking orders.
If 0.027% is added with the rebate, the rate will be lower, but there is a margin call mechanism, so you must pay attention to the risks.
If the principal of 100u is 100 times leveraged, the position value is 10000u. You need to pay 4-10u for each transaction. If there is a rebate, part of it can be returned.
It should be noted that leverage is used to magnify the principal and has little to do with the handling fee. It mainly depends on the value of the position.
The position value of 100u using 100 times leverage and 1000u using 10 times leverage are the same, and the handling fee is also the same, but the risk is different
As mentioned at the beginning of the article, there is another fee in the perpetual contract, which is the funding fee.
The funding rate is usually set by default at 0.01%, which is adjusted at any time according to the long-short ratio in the market. It is settled every eight hours at 0:00, 8:00, and 16:00 (extremely high).
The exchange will make special adjustments to the market conditions, such as changing it to every two hours or every four hours. Please pay attention to the announcement)
The funding rate is positive, the settlement time is right, long positions pay, short positions receive money
Funding rate is negative, settlement time is short position pays, long position gets money
Spot transaction fee calculation method: purchase value × transaction fee rate
Contract fee calculation method: position value × fee rate
Funding rate calculation method: holding value × funding rate
Cryptocurrency exchange fee refund
You only need to fill in the invitation code in the referral section of the registration page when registering to enjoy the corresponding proportion of the rebate
