How to Calculate Binance's Contract Fees?
In cryptocurrency trading, fees are one of the costs that cannot be ignored. As a leading global cryptocurrency trading platform, Binance's fee calculation method is relatively complex, but once understood, it can be easily managed. This article will detail how to calculate fees for spot trading and contract trading on Binance, helping you better understand trading costs.
Fee Deduction Method
The fees for spot trading will be deducted from the assets you receive. For example, when purchasing Ether/USDT, the fee is paid in Ether; when selling Ether/USDT, the fee is paid in USDT.
Fee Calculation Formula
Trading Fee = Trading Volume × Trading Price × Fee Rate
The fee rate depends on the trading pair and trading volume; specific rates can be referenced in the fee details table on the Binance official website.
Example Calculation
Assuming you place an order to buy 10 Ether at a price of 3,452.55 USDT per unit, if the fee rate is 0.1%, then:
Trading Fee = 10 Ether × 0.1% = 0.01 Ether
If you sell 10 Ether at the same price, then:
Trading Fee = (10 Ether × 3,452.55 USDT) × 0.1% = 34.5255 USDT
Contract Trading Fee Calculation
The Relationship Between Fees and Leverage
The fees for contract trading are closely related to the leverage multiplier. The higher the leverage, the higher the fees, as leverage increases your position size. Fee Calculation Formula
USDT-Margined Contracts: Fee = Transaction Volume × Transaction Price × Fee Rate (Maker: 0.05%, Taker: 0.02%) Coin-Margined Contracts: Fee = (Contracts × Multiplier / Mark Price) × Fee Rate (Maker: 0.04%, Taker: 0.02%)
Example Calculation
Assuming you have 100 USDT and use 125x leverage to open a position at market price, then:
Position Nominal Value = 100 USDT × 125 = 12,500 USDT
Opening Fee = 12,500 USDT × 0.04% = 5 USDT If you reduce it to 10x leverage, then:
Position Nominal Value = 100 USDT × 10 = 1,000 USDT
Opening Fee = 1,000 USDT × 0.04% = 0.4 USDT
This article explains how to calculate the fees for spot trading and contract trading on Binance. When trading, be sure to consider the impact of fees on trading costs and plan your trading strategy accordingly. Additionally, it is recommended to regularly check the fee details table on the Binance official website for the latest fee information.
