For those trading high-frequency contracts, you may not even know about the existence of transaction fees, or you might overlook these fees, not realizing that the transaction fees from frequent trading can even exceed your principal, which is a significant cost.
Many people may not be aware of the existence of transaction fees, or they may wonder why they still incur losses despite making profits?
Perhaps many still do not realize the existence of transaction fees, or they may overlook these fees, not knowing that the transaction fees from frequent trading can even exceed your principal, which is a substantial cost.
Transaction fees are the biggest cost in the trading process!
Especially for short-term players, the market price opening and closing can sometimes mean that transaction fees take up a large portion of the profits. Today, I will explain in detail how to calculate contract transaction fees.
For example: Opening 1 large position, calculated at the current 97000u:
- Limit order fee is 0.02%
97000 × 0.02% = 19.4u
Limit order opening and closing would be 38.8u
- Market order fee is 0.05%
97000 × 0.05% = 48.5u
Closing and opening would be 97u
Even if you enter the market with a limit order and close with a market order, the total would be 38.8 + 97 = 135.8u.
The fee for a single order, at a minimum, is considered to be 38.8u, while the maximum is 97u.
In a day, even if you open two orders calculated at 38.8u, it would be 38.8 × 2 = 77.6u.
In a month, taking weekends off, if you trade for 22 days, it would be 22 × 77.6 = 1707.2u.
After rebates, you can save several hundred u per month.
Is this fee something you must give away to the platform? Therefore, it is recommended that everyone must open a rebate. If one day you accidentally face a margin call, having a rebate gives you another chance to make a comeback.
Different referral codes have different rebate ratios, methods, and timings. A 5% difference in rebates can mean a difference of several hundred to a thousand U under large trading volumes.
For veteran contract users, it is essential to set up a rebate; otherwise, the losses can be extremely high. If you need assistance, the trading assistants at Feixiang can help you.
#合约挑战