How much do you know about commission rebates?
Transaction fees are the biggest cost in the trading process!
Here’s an example, using Binance's trading fees as a reference:
Example: Principal 1000u
With 10x leverage, that’s 10000u,
10000U*0.05%=5u in fees
For 1 contract:
Opening fee 5u, closing fee 5u, total 10u.
Summary: With 10x leverage, assuming 5 contracts a day,
Daily fees are: 10*5=50u=350 yuan
Monthly fees are: 350*30=10500 yuan
Annual fees are: 10500*12=126000 yuan
With 20x leverage, that’s 20000u, 20000U*0.05%=10u in fees
For 1 contract:
Opening fee 10u, closing fee 10u, total 20u.
Summary: With 20x leverage, assuming 5 contracts a day,
Daily fees are: 20*5=100u=700 yuan
Monthly fees are: 700*30=21000 yuan
Annual fees are: 21000*12=252000 yuan
This is just based on 10x and 20x leverage; if you aggressively do 100x leverage, the fees are even more astonishing!
Based on the above calculations, annual fees could amount to tens of thousands of U, and what you save is what you earn. If operations go wrong and you get liquidated, the rebate on fees can give us a chance to bounce back!
Do you understand? Do you get it? Want to reach out to me for a rebate? Let me tell you quietly.
Just think how great it would be to get a 25% discount on fees; today, four people came who all started without knowing how expensive the fees are, and later realized they earned less than the fees. I said if you earn, you’ve already outperformed 75% of players in the crypto space, most of whom are losing, and for those losing, fees often account for half of their losses.

How the fees for perpetual contracts are calculated

Other fees for Binance perpetual contracts mainly include: trading fees and funding rates

Trading Fees Section:

Opening and closing positions are divided into limit orders and market orders, which are maker and taker

Mainstream platform basic fee standards: maker (limit order): 0.02%

taker (market order): 0.05%

Limit orders and market orders, as long as they are not buying and selling at the current price, stop profit and stop loss are considered maker (limit order)

To simplify, manual entry of prices counts as a limit order, while orders that do not require price settings count as market orders

Trading fees = position value × fee rate

For example: 600U principal, using 100x leverage, the position value is 60000U (for example only, high leverage is not recommended)

Position value = quantity of the asset * opening price (principal × leverage)

According to the above example:

60000U×0.05%=30U,

So just for opening a position, the trading fee for one Bitcoin cannot be ignored, plus the closing fee, both for market closing and limit closing

Market closing: 60000U×0.05%=30U

Limit closing: 60000U×0.02%=12U

So for a completed contract trade, the trading fee for one Bitcoin is 24U-60U. This is just the fee for one trade, and trading is long-term, so accumulated trading fees can also be a substantial amount

Funding Rate Section:

In addition to trading fees, perpetual contracts also have a funding rate, but the funding rate is not a fixed value and is determined by the market's long-short ratio differences

The main purpose of the funding rate is to balance the market's long-short ratio

Funding rate calculation: position value × funding rate

When the funding rate is positive:

Long positions deduct the funding rate from the position value, while short positions receive the funding rate based on the position value

Conversely, when the funding rate is negative, long positions earn money, and short positions lose money

The funding rate is settled daily at 00:00, 08:00, and 16:00 (only at settlement times will positions incur or deduct fees)

So asking me to open a rebate is a good option.

Join me to easily navigate Web3 from scratch, going from a beginner to an expert!
What is the relationship between blockchain, Bitcoin, and Web3.0? 🤔

Recently, blockchain, Bitcoin, and Web3.0 have been everywhere, and many people are puzzled, right? Don’t worry, I’ll break it down simply, ensuring even beginners can understand!～

1️⃣ What is blockchain?
Imagine a classroom bookkeeping system where everyone has a ledger, and everything bought is recorded simultaneously. The ledger can't be altered, and there's no class monitor calling the shots; this is blockchain! 💡 Its key features: decentralization, transparency, tamper-proof, and security.
Besides Bitcoin, where else can blockchain be applied?
Healthcare: storing medical records securely and privately
Supply chain: tracking the source of goods, authenticity is clear
Smart contracts: like a vending machine, it executes operations automatically when conditions are met～

2️⃣ What is Bitcoin?
Bitcoin is the “first child” of blockchain 👶. Simply put, it is a digital currency protected by cryptographic technology, no one can control it, and it can’t be printed extra; there are only 21 million! Trading with it is like sending a WeChat red envelope, no banks involved, direct “peer-to-peer”.

Its cool points:
✅ Not controlled by countries or banks, ultra-fast cross-border transactions
✅ Strong anonymity, protecting privacy
✅ Transaction records are tamper-proof, open, and transparent

3️⃣ What is Web3.0?
The name sounds profound, but it's actually the “next generation of the internet” based on blockchain 🌐. To put it simply, Web2.0 is the current “centralized” internet, where platforms have the final say; for example, when you post on Weibo, the content is managed by the platform. Web3.0 is the “decentralized” internet, where data and assets belong to you! 👀

What can Web3.0 do?
✨ Decentralized Apps (DApps): for instance, a platform without central control, where you are in charge
✨ Digital identity: in the future, everyone will have their own encrypted identity, so no worries about privacy breaches
✨ Digital assets: the equipment you earn in games truly belongs to you; you can sell it and make money～

4️⃣ What’s the relationship among them?
Blockchain is the technical foundation, like the foundation of a building;
Bitcoin is the first application of blockchain, like a “test field”;
Web3.0 is the future scenario combining blockchain technology and the internet, like skyscrapers 🏢.

A bit convoluted? In summary: blockchain is the core technology, Bitcoin is the first to take the plunge, and Web3.0 is the ideal world of the future!

Recently, Dogecoin (DOGE) has performed remarkably well, with a surge of up to 16% within just 24 hours, and a significant growth of 25% over the past week. The renewed favor for Dogecoin in the market is mainly attributed to the overall recovery of the market and the growing expectations that Musk may participate in formulating crypto-friendly policies under the Trump administration.

Since Trump won the U.S. election in early November, Dogecoin's price began to soar significantly due to Musk's upcoming important role in the new government and his previous strong support for Dogecoin, leading to a rise of up to three digits within just a few weeks, peaking at nearly $0.485. However, by December, Dogecoin started to gradually lose its upward momentum, experiencing a sharp decline during the mid-month adjustment period, with its price plummeting from $0.41 to $0.26 in just a few days.

Nevertheless, after the significant drop, Dogecoin showed good resilience, quickly rebounding to $0.35. However, it failed to maintain the upward trend, fluctuating within a narrow range of $0.31 to $0.34 for several weeks. In recent days, with changes in the market situation, especially as whales accumulated large amounts of Dogecoin during the adjustment and consolidation phase, the outlook for Dogecoin has become particularly optimistic. Its value surged rapidly, not only increasing by 16% within 24 hours and breaking through the key resistance level of $0.34, but also currently well above $0.39. Weekly, the increase has reached 25%, close to $0.4.

Although Dogecoin's current upward trend is encouraging, its performance in the coming weeks remains full of variables, especially after the January 20 inauguration ceremony and as Musk's DOGE department situation becomes clearer, Dogecoin's performance is worth continuous attention.