Why are contract transaction fees so high, and how can they be reduced?
Why do some users play contracts, and when they close positions, the return rate shows positive, but the total funds in the position are actually less? In fact, the portion of funds that is less has already served as the transaction fee for this closing transaction, collected by the exchange. Therefore, some experienced contract traders often advise beginners to watch more and trade less. Frequent contract trading not only easily affects the mindset and reduces trading success rates but also increases trading costs. Over time, the accumulated transaction fees can be a significant amount.
We come to the exchange to make money. If we blindly trade without first understanding the exchange's fee rules, we often end up suffering losses. Currently, the transaction fees on mainstream exchange platforms consist of two parts: contract trading fees and funding fees.
How much do you know about transaction fee rebates?
How much do you know about transaction fee rebates?
Transaction fees are the biggest cost in the trading process!
Let’s take an example of Binance transaction fees:
For example: principal 1000u
10x leverage means 10000u,
10000U*0.05%=5u transaction fee
For 1 contract order:
Opening fee 5u, closing fee 5u, totaling 10u.
Summary: 10x leverage calculated for 5 contract orders a day
Daily transaction fee is: 10*5=50u=350 yuan
Monthly transaction fee is: 350*30=10500 yuan
Yearly transaction fee is: 10500*12=126000 yuan
20x leverage means 20000u, 20000U*0.05%=10u transaction fee
For 1 contract order:
Opening fee 10u, closing fee 10u, totaling 20u.
Summary: 20x leverage calculated for 5 contract orders a day
Daily transaction fee is: 20*5=100u=700 yuan
Monthly transaction fee is: 700*30=21000 yuan
Yearly transaction fee is: 21000*12=252000 yuan
This is just calculated based on 10x and 20x leverage; if aggressively using 100x leverage, the transaction fees are even more astonishing!
According to the above calculation, yearly transaction fees could return several tens of thousands of U, what you save is what you earn. If an improper operation leads to a liquidation, the refund of transaction fees can still give us a chance to make a comeback!
Do you understand? Do you want to find me for a rebate? I'll tell you secretly.
Think about how good it would be to have a 25% discount on transaction fees. Today, four more people came, all of whom didn't know how expensive the fees were at first. Later, they found out they earned less than the fees. I said if you earn, you have already outperformed 75% of the players in the crypto space, most of whom are losing. For many who lose money, transaction fees account for half of it.
The first month is 40% plus a direct rebate of 10%. Starting from the second month, the direct rebate is gone, and the rate will revert to 30%, all going to the superior account. This needs to be manually returned by the superior. However, the platform has set two restrictions, which are said to promote friendly competition in rebates. The highest limit for spot trading is 35%, and for contracts, it is 25%. Within this rate range, you can freely adjust how much to rebate. There are also a group of peers in the comment section belittling me, which is really funny. I can afford to eat well, while others are cancelling their accounts. Who told you that you will have a chance to earn commissions again? I initially adopted a strategy of thin profit and high sales, and I was the first on the internet to provide clients with backend access, not just a screenshot of transferring U or money. You guys who promise rebates should know whether you give clients the same rate. Just because you are like that doesn't mean everyone else is the same. Look at the image below; there is indeed a billing backend. Go see which platform will let you check the backend. I didn’t want to make this a selling point! The image shows the rebate backend for beginners, which can be enlarged for viewing.
