What are the Binance fee collection rules for $BTC ? Let me explain how to calculate it in the simplest terms.

The fee rate for Binance contracts is 0.05% for market orders and 0.02% for limit orders.

A market order is an order executed immediately at the current market price, while a limit order is an order to buy or sell at a specified price.

Note that this refers to the notional position, meaning if you open a position with 100u✖️100 times leverage, your notional position is 10,000u.

Therefore, your fee for a market order would be 10,000✖️0.05% = 5u.

For a limit order, it would be 10,000✖️0.02% = 2u.

Fees are collected in two parts, once when opening the position and once when closing it. If both times you use a market order, then your fee for a 100u✖️100 times leverage would be 10u.

Pretty scary, right? It means that for your trade to break even, you must earn 10%.

However, fees can be refunded! Many people don’t know this and waste money unnecessarily. For every 100u in fees generated, you can get back 30-50u. This can add up to a significant amount, so if you haven't activated this feature, feel free to inquire.