Do you know how much the fees are for frequently opening contracts? You may not be aware, or perhaps you haven't really looked into this issue. So today, let me tell you how much you have wasted on fees:
If you're trading high-frequency contracts, you might not even know about the existence of fees, or you may disregard these small fees,
not realizing that the fees from frequent trading can even exceed your principal, which is a significant cost.
Open the Binance APP -- Funds -- Contracts -- Today's Profit and Loss -- Funding Fees and Trading Fees.
You can see your fees for the past year. 🤷
According to the platform's fee calculation formula, "Position Value × Fee Rate = Fees" you can get some information: if you use 100x leverage for pure limit orders, your position must at least profit by more than 4% to make a profit. Similarly, for pure market orders, your position must profit by more than 10% for you to gain.
Let me give you an example:
Using 100x leverage to buy 1 Bitcoin worth 90,000u with 900u, the position value at this time is 90,000u.
The fee generated from a limit order buy is 90,000 × 0.02% = 18, which needs to be manually set for the opening and closing positions.
The fee generated from a market order buy is 90,000 × 0.05% = 45, which is automatically entered by the system (the system will enter at the current best price).
The fee for one transaction (buy and sell) is 36 or 90.
(The above is just an example, do not imitate!!!)
For brothers trading high-frequency contracts and large positions,
your fee expenses exceeding the principal may only take one month.
So you must open a rebate; the fees that should be refunded must be refunded. If you don’t open for fees, they all go to the market.
Different invitation codes, rebate ratios, rebate methods, and rebate times vary, and a 5% difference in rebates can result in hundreds or thousands of U under large trading volumes.
🔺 Fee rebates are mutually beneficial, but they are not meant to trick users who do not understand; we must severely crack down on these deceptive KOLs.
For old users of contracts, it is essential to have a rebate; otherwise, the losses will be extremely large!
