How the fees for perpetual contracts are calculated

Other fees for Binance perpetual contracts mainly include: trading fees and funding rates

Trading Fees Section:

Opening and closing positions are divided into limit orders and market orders, which are maker and taker

Mainstream platform basic fee standards: maker (limit order): 0.02%

taker (market order): 0.05%

Limit orders and market orders, as long as they are not buying and selling at the current price, stop profit and stop loss are considered maker (limit order)

To simplify, manual entry of prices counts as a limit order, while orders that do not require price settings count as market orders

Trading fees = position value × fee rate

For example: 600U principal, using 100x leverage, the position value is 60000U (for example only, high leverage is not recommended)

Position value = quantity of the asset * opening price (principal × leverage)

According to the above example:

60000U×0.05%=30U,

So just for opening a position, the trading fee for one Bitcoin cannot be ignored, plus the closing fee, both for market closing and limit closing

Market closing: 60000U×0.05%=30U

Limit closing: 60000U×0.02%=12U

So for a completed contract trade, the trading fee for one Bitcoin is 24U-60U. This is just the fee for one trade, and trading is long-term, so accumulated trading fees can also be a substantial amount

Funding Rate Section:

In addition to trading fees, perpetual contracts also have a funding rate, but the funding rate is not a fixed value and is determined by the market's long-short ratio differences

The main purpose of the funding rate is to balance the market's long-short ratio

Funding rate calculation: position value × funding rate

When the funding rate is positive:

Long positions deduct the funding rate from the position value, while short positions receive the funding rate based on the position value

Conversely, when the funding rate is negative, long positions earn money, and short positions lose money

The funding rate is settled daily at 00:00, 08:00, and 16:00 (only at settlement times will positions incur or deduct fees)

So asking me to open a rebate is a good option.