The trading costs in the cryptocurrency space consist only of fees (there is an additional funding fee in perpetual contracts, which will be mentioned later), and this is unavoidable. Due to the trading mechanism in the cryptocurrency space, especially for intraday short-term trading, fees can be quite high, so it's important to pay attention. If there is a rebate, it can save a significant amount of costs, equivalent to risk-free profit.

Cryptocurrency trading mechanism.
Open 24 hours a day, 365 days a year, without a break, allowing for anytime entry and exit.
Spot trading: Can only go long.
Contract trading: Can go long, can go short, and can use leverage; however, there is a liquidation mechanism, not recommended.

Cryptocurrency trading fees.

Since each exchange has different rates, the resulting fees are also different.

Taking Binance, a leading platform in the cryptocurrency space, as an example.

The spot fee is 0.1%, which is a one-sided fee; both buying and selling require payment of fees.

For a transaction of $10,000, you need to pay $20 in fees, which is about 150 RMB.

If you hold the platform currency BNB, you can get a 25% discount, and with the rebate, you can achieve an even greater fee discount.

The contract fee is relatively lower, with a maker order of 0.02% and a taker order of 0.05%. After discounts, the fee can be as low as 0.0108% for maker orders.

0.027%. With the rebate, the fee will be even lower, but there is a liquidation mechanism, so be sure to pay attention to the risk.

Using $100 in capital with 100x leverage, the position value is $10,000. One trade requires a payment of $4-10; if there is a rebate, part of it can be refunded.

It is important to note that leverage amplifies the capital and is not closely related to the fee, mainly depending on the position value.

Using $100 with 100x leverage and using $1,000 with 10x leverage have the same position value, and the fees are also the same, but the risks are different.

One point mentioned at the beginning of the article is that there is also a funding fee in perpetual contracts.

The funding fee rate is usually set to 0.01% by default and is adjusted based on the long-short ratio in the market. It is settled every eight hours, at 0:00, 8:00, and 16:00 (in extreme market conditions, exchanges may make special adjustments, such as changing to every two hours or every four hours, so be sure to check announcements).

In extreme market conditions, exchanges will make special adjustments, such as changing to every two hours or every four hours, so be sure to check announcements.

When the funding rate is positive, at settlement points, long positions pay, and short positions receive.
When the funding rate is negative, at settlement points, short positions pay, and long positions receive.

Spot trading fee calculation method: Purchase value × Fee rate.

Contract trading fee calculation method: Position value × Fee rate.

Funding fee calculation method: Position value × Funding rate.

Rebate of trading fees on cryptocurrency exchanges.

You only need to fill in the referral code in the referrer field on the registration page when registering to enjoy the corresponding rebate.