Your trading fees may have exceeded your principal! Hurry up and take a look!

In the cryptocurrency world, especially in futures trading, the issue of fees doesn't show up in your costs, but over the long term, it can be a huge expense. Now everyone can check based on the instructions I provided. For users who trade futures for a long time, your fees might surprise you.

Assuming you use 100u and open a position with 50x leverage. That means you are using 5000u to go short or long, and the average trading fee on major exchanges is generally around 0.04%. This means that you need 2u to open a position and 2u to close it. Just like that, without doing anything, 4u in fees is deducted from your 100u principal. If you place 20 trades, the fees will basically equal your principal.

If you have a rebate, the fees can be significantly reduced, so when trading futures, it’s crucial to enable the rebate, otherwise, you will suffer significant losses.

Additionally, be sure to trade on major exchanges, avoid small exchanges at all costs.

For those who haven't received rebates yet, make sure to pay attention to the fee aspect after reading this post. If you need help, just leave a message.

Finally, I wish everyone a smooth journey.