Many brothers have asked me where to see the transaction fees, so I am here to answer for you.

Open the Binance APP -- Funds -- Contracts -- Today's Profit and Loss -- Funding Fees and Trading Fees.

You can see your transaction fees for the past year. 🤷

According to the platform's fee calculation formula, "Position Value × Fee Rate = Fee", you can get an idea that if you use 100x leverage for pure limit orders, your position must at least profit by over 4% to make a gain. Similarly, for pure market orders, your position must profit by over 10% for you to earn.

Let me give you an example:

If you use 900 U with 100x leverage to buy 1 Bitcoin worth 90,000 U, the position value at this time is 90,000 U.

The fee generated by placing a buy limit order is 90,000 × 0.02% = 18. You need to manually set the opening and closing positions for limit orders.

The fee generated by a market order is 90,000 × 0.05% = 45. The system automatically enters for market orders (the system will enter at the current best price).

The fee for one transaction (buy and sell) is either 36 or 90.

(The above is just an example, do not imitate!!!)

For those who trade contracts with large positions,

Your transaction fee expenditure may exceed your principal in just one month.

So you must enable commission rebates; you should recover the transaction fees that are due to you. If you don't enable rebates, all fees go to the market.

Different invitation codes have varying rebate ratios, methods, and times; even a 5% difference in rebates can lead to a few hundred to a few thousand U in larger trading volumes.

🔺 Fee rebates are mutually beneficial, but they are also not meant to deceive users who do not understand; we must severely crack down on those deceptive KOLs.