Write down two important pieces of knowledge that every newcomer must know

1. Funding Rate

A positive funding rate means that long positions have to pay an additional fee to short positions, specifically calculated as the total position size multiplied by the rate. A rate of +-2.0 is typically only seen when new coins are launched.

Key point: Funding rates are only paid/received when positions are settled. The countdown timer on the right will reach 0 for settlement. If you close a position early, you won't have to pay the funding rate! Of course, if you want to receive it, you cannot close the position early.

2: Trading spot or contract points can reduce the fee percentage. However, the prerequisite is that there must be BNB in the contract when buying a contract, and there must be BNB in the spot when buying spot; these are separate.
For example, if I have BNB in my investment but nothing else, the fees for buying contracts and spots will still be calculated in USDT, and no reduction will apply.