For those of you trading high-frequency contracts, you might not even be aware of the existence of fees, or you may think little of these fees.
Little do you know, the fees from frequent trading may even exceed your principal, which can be a significant cost.
Open the Binance app -- Funds -- Contracts -- Today's Profit and Loss -- Funding Fees and Trading Fees.
You can see your fees for the past year. 🤷
For example: If your position is to open a large contract, calculated at 90,000, the fee for an ordinary user per order is generally, 90,000 × 0.02% × 2 = 36U — 90,000 × 0.05% × 2 = 90U.
This is just for one order; if you place two orders a day, the monthly fees would be:
36 × 2 × 30 = 2160U — 90 × 2 × 30 = 5400U.
Over the course of a year, the fees would amount to:
2160 × 12 = 25920U — 5400 × 12 = 64800U.
For those engaged in high-frequency contract trading with large positions, your fee expenses may exceed your principal in just one month.
So it’s essential to open a rebate; you should reclaim the fees that should be returned to you. If you don’t open a fee rebate, all fees go to the market.
Different referral codes have different rebate ratios, methods of rebate, and times of rebate. A 5% difference in rebate can result in a difference of several hundred to several thousand U in large trading volumes.
🔺 Fee rebates are mutually beneficial, but they are not meant to deceive users who do not understand. We must strictly crack down on those deceptive KOLs.
For old contract users, it is essential to set up a rebate; otherwise, the losses can be significant. If you need help, the assistant Xiaojiao can provide assistance.
