Newbies should pay attention to the issue of contract transaction fees!!!

1. As long as you use USDC to place contract orders (only as a maker or market order), there are no transaction fees at all!!! Taker fee is 0.0275%.

2. The difference between placing orders and taking orders, the current BTC price is 112574, sell order 112576, buy order 112575.9. Taking the long position as an example, taking an order means taking the orders priced above 112576. When placing an order, you can only place it with a price starting from 112575.9 going down (it will not be executed immediately).

Placing orders can fully meet daily trading needs, and you can also avoid transaction fees.

3. Using USDT, whether taking orders or placing orders, will incur transaction fees. The maker fee for placing orders is 0.02%, and the taker fee is 0.05%.

Assuming: USDT contract market order (taker) 100u at 100X, the transaction fee for each operation is 100*100*0.0005=5U, opening and closing positions is two operations 5*2=10u. If you operate 10 times, even if you break even, you will actually have no U left (except for reverse usage). #鲍威尔发言 $BTC $ETH $SOL