Many beginners prefer to quickly exit with a one-click close, which actually executes a "taker" operation, and its fees are often higher, usually at 0.05%. Based on this fee rate, the exit fee is: 3500u*10*0.05%=17.5u. In summary, the total transaction fees from entering to exiting a single contract amount to 35u. If such transactions are conducted 5 times a day, the accumulated fees can reach as high as 175u. Further calculations show that the monthly (based on 30 days) expenditure on fees will reach an astonishing 5250u.
For high-frequency contract traders and those with large positions
Your fee expenditure may exceed your principal in just one month.
Does it sound a bit high? Don’t worry, at this time, the advantages of fee rebate become apparent. Through rebates, you can get back a portion of the fees, which is equivalent to saving money.
More importantly, fee rebates apply not only to spot trading but also to contract trading. This means that whether you are a spot trading expert or a contract trading master, you can enjoy more trading returns through rebates.
So be sure to open rebates, and the fees that should be reclaimed must be reclaimed; otherwise, they all go to the market.
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