Why are contract fees so expensive? How can I reduce them?
Why do some users play contracts and the yield is positive when closing positions, but the total funds of the positions are actually less? In fact, the missing funds have been used as the handling fee for this closing transaction and collected by the exchange. Therefore, some contract veterans often warn novices to watch more and do less. Frequent contract transactions can not only easily affect the mentality and reduce the winning rate of transactions, but also increase transaction costs. The handling fees accumulated over a long period of time are also a considerable amount.
We come to the exchange to make money. If we don't first understand the fee rules of the exchange and blindly trade, it is often easy to suffer losses. Currently, the contract fees of mainstream exchange platforms consist of two parts: contract trading fees and fund costs.
How much do you know about the rebate on fees?
How much do you know about the rebate on fees?
Fees are the biggest cost in the trading process!
Let me give an example, using Binance trading fees as an example:
For example: Principal 1000u
10x leverage means 10,000u,
10,000U*0.05%=5u fee
Do 1 contract:
Opening fee 5u, closing fee 5u, total 10u.
Summary: 10x leverage calculated based on making 5 contracts a day
Daily fee is: 10*5=50u=350 yuan
Monthly fee is: 350*30=10,500 yuan
Annual fee is: 10,500*12=126,000 yuan
20x leverage means 20,000u, 20,000U*0.05%=10u fee
Do 1 contract:
Opening fee 10u, closing fee 10u, total 20u.
Summary: 20x leverage calculated based on making 5 contracts a day
Daily fee is: 20*5=100u=700 yuan
Monthly fee is: 700*30=21,000 yuan
Annual fee is: 21,000*12=252,000 yuan
This is only calculated based on 10x and 20x leverage. If you do a more aggressive 100x leverage, the fees will be astonishing!
According to the above calculation, the annual fee could return several tens of thousands of U. What you save is what you earn. In case of improper operation leading to liquidation, the rebate of fees can give us a chance to make a comeback!
Do you understand? Do you get it? Do you want to find me to get a rebate, let me tell you quietly.
Think about how good it would be if the fees were discounted by 25%. Today, four more came, all of whom didn't know the fees were so high at first. Later, they realized they earned less than the fees. I said they have already outperformed 75% of players in the crypto circle. Most of them are losing money, and for those losing money, fees account for half.
The first month is 40% plus a direct rebate of 10%. Starting from the second month, the direct rebate is gone, and the ratio will return to 30%, which all goes to the upper-level account. This needs to be manually returned to you by the upper-level. However, the platform has set two restrictions, saying it is to promote the friendliness of rebate sizes in competition. The maximum limit for spot trading is 35%, and for contracts, it is 25%. Within this ratio range, you can adjust how much to rebate at will. There are also a group of peers in the comment section belittling me, which really makes me laugh. I can still distinguish clearly between having a full meal and having a meal every time. If someone directly cancels their account, who lets you have another commission to eat? I originally adopted a strategy of thin profit and high sales. Also, I was the first in the whole network to give clients access to the backend, not just a screenshot of transferring U or money. You guys who promised the rebate ratios, do you really give clients the same ratios? You know it yourself. Just because you are like this doesn't mean everyone else is like you. Look at the picture below; isn't there a billing backend? Just go and see which platform would let you check the backend with them. I didn't want to make this a selling point, but you forced me.