What are the necessary expenses for contract trading? How can these expenses be reduced?
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Users who frequently engage in contract trading know about the transaction fee expenses. Because the contract transaction fees accumulate over time, they take up a large portion of the funds, and losing them for nothing is certainly painful.
Let me give you an example:
If 900 USDT is used to buy 1 Bitcoin worth 90,000 USDT with 100x leverage, the value of the position at that time is 90,000 USDT.
The transaction fee for placing a buy order is 90,000 × 0.02% = 18, which requires manual setting of the entry and exit points as a limit order.
The transaction fee for a market order is 90,000 × 0.05% = 45, where the system automatically enters at the market price (the system will enter at the current best price).
The transaction fee for one trade (buying and selling) is either 36 or 90.
(This is just an example; do not imitate!!!)
This is just the transaction fee for one trade. If you trade three times a day, that’s 90 times in a month, accumulating transaction fees of 3,240 - 8,640 USDT.
Many users feel that their trading volume is not large; however, trading is long-term, and the longer the time, the more expenses accumulate, making rebate programs particularly important.
How can these expenses be reduced?
The simplest and most cost-effective way is to get a rebate program, register, and fill in the rebate invitation code. Different invitation codes have different rebate ratios, rebate durations, and rebate methods.
Holding BNB allows you to enjoy a 10% discount on transaction fees for USDT-denominated contracts, and you can also increase your VIP level to reduce the transaction fee rate.
So it's essential to open a rebate program; you should get back the transaction fees that you are entitled to. If you don’t open it, all the transaction fees go to the market.
With the rebate program, transaction fees are returned to your own account, saving you at least several thousand USDT in fees each month.
For experienced contract users, it is necessary to have a rebate program; otherwise, the losses can be significant. If needed, the Xiaojiao Assistant can provide help.
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