How much do you know about the rebate on transaction fees?

Transaction fees are the biggest cost in the trading process!

Here’s an example, using Binance trading fees as a reference:

Example: Principal 1000u

10x leverage means 10000u,

10000U*0.05%=5u fee

For 1 contract:

Opening fee 5u, closing fee 5u, total 10u.

Summary: With 10x leverage, assuming 5 contracts a day,

Daily fee is: 10*5=50u=350 yuan

Monthly fee is: 350*30=10500 yuan

Yearly fee is: 10500*12=126000 yuan

With 20x leverage, it means 20000u, 20000U*0.05%=10u fee

For 1 contract:

Opening fee 10u, closing fee 10u, total 20u.

Summary: With 20x leverage, assuming 5 contracts a day,

Daily fee is: 20*5=100u=700 yuan

Monthly fee is: 700*30=21000 yuan

Yearly fee is: 21000*12=252000 yuan

This is just based on 10x and 20x leverage. If you aggressively use 100x leverage, the fees can be astonishing!

According to the above calculations, the yearly fees could return several thousand U, and the savings are essentially earnings. If the operation goes wrong and you face liquidation, the refunded fees can give us a chance to make a comeback!

Do you understand? Do you get it? Want to come to me for a rebate? Let me tell you quietly.