Here we will consider - who are "makers" who are "takers". Why are they actually "makers" and "takers". Commissions of both, situations in which these commissions are applied to you.
We will also calculate how much the price should “move” to cover the commission for opening and closing positions.
So, let's get started: Makers and takers - who are they?
Maker - the one who creates/makes liquidity in the market. By placing limit orders that fill the order book (for example, buy cheaper, or sell more expensive) and waiting for suitable conditions.
That's right, if you instantly sell at the nearest bid price, or buy at the nearest ask price, you are not considered a maker.
Maker commissions are usually lower than taker commissions, but what can I say, let's look at the numbers (without VIP levels):
On the spot 0.1%
On futures 0.02%
0.03% of options
Taker - the one who takes liquidity from the market.
Takers are those who execute their orders instantly (in reality, it does not depend on time, but it is easier to explain this way), buying at the current selling price, selling at the current buying price, executing orders of the 'market' type - you are considered a taker.
It is important to add that most 'strategic' orders are market orders. (For example, sliding, or stops/takes on the entire position.)
Which means you will have to pay a taker commission for them.
So, to the numbers:
Spot - 0.1%
Futures - 0.05%
Option - 0.03%
Now to the math:
Let's assume that you opened and closed a position on futures 'at market'. That is, you are a taker in both cases.
Opening (0.05) + closing (0.05) and you have 0.1% commission from the position. (Yes, positions)
It turns out that the required movement for breakeven is 0.1%.
Now let's assume that you opened a position with a market order, but it was closed with a limit order (or several limit orders).
The math is the same, but the numbers are different: Opening (0.05) + closing (0.02). Total 0.07%.
On the spot it is already more expensive - 0.1 + 0.1
The movement you need to 'catch' is already 0.2%.
However, on futures you have to pay a % rate (and sometimes you get paid one too), so the question of profitability is not as clear-cut as it might seem.
It is worth mentioning separately:
You can use $BNB to pay commissions, and in this case you get a discount. (And on large positions this discount is quite noticeable)
So, the numbers:
Spot: maker/taker - 0.075%
Futures: maker/taker - 0.018%/0.045%
But BNB is a separate currency, and its price can also change, won't it turn out that by buying it for the commissions the losses will be higher than the benefits?
No sooner said than done.
Let's calculate: discount in BNB for spot is 25% (from the commission), let's say you bought BNB and it fell by 10%.
This means that the amount available for paying commissions has decreased by 10%. This is not a small amount...
But still less than 25% right?
On futures the abovementioned discount is somewhat smaller - 10%. And here you can already think about it...
It would be possible, but why not just look at how often you can encounter such 'drawdowns'?:
Clarification: The information presented here does not claim to be reliable, always check the information received yourself (and do not hesitate to ask questions or correct the author if this is really necessary).
