⚠️  Fee rate:

Take Binance platform as an example (the difference in fees between platforms is not big)

💚 Spot fee: 0.1% (one thousandth)

(For long-term spot transactions, the fee can be ignored, but if you trade frequently in the short term, you still need to issue a rebate.)

💗 Contract fee: 0.05% (0.05 ten-thousandth)

For example: principal 1000u🈵

10 times leverage, that is 10000u,

10000U*0.05%=5u fee

To do 1 contract:

Opening fee 5u, closing fee 5u, totaling 10u

⭕️ Summary: 10x leverage is calculated based on 5 contracts per day

✅ Daily handling fee is: 10*5=50u=400 yuan

✅ Monthly handling fee is: 400*30=12,000 yuan

✅ Annual handling fee is: 12,000*12=144,000

20x leverage is 20,000u, 20,000U*0.05%=10u handling fee

Do 1 contract:

Opening fee is 10u, closing fee is 10u, totaling 20u.

⭕️ Summary: 20x leverage is calculated based on 5 contracts per day

✅ Daily handling fee is: 20*5=100u=800 yuan

✅ Monthly handling fee is: 800*30=24,000 yuan

✅ Annual handling fee is: 24,000*12=288,000

🈶 I won’t list some of the 30x or even 50x leverages. You can calculate how much money you lose every day and every month. You can settle it with me every day.

㊙️ So you must open a handling fee refund. Whatever you can get back is free.