How terrifying are trading fees, and how much have your fees really amounted to? To see the specifics, everyone can follow the steps I posted below. This is for the past year, and you can also choose your own time frame. For most contract traders, the fees exceed the principal in a month. How exactly are the fees calculated?

Assuming you use 100u and open a position with 50x leverage. That means you are using 5000u to either short or go long. The average fee at a first-tier exchange is generally around 0.04%. This means you need 2u to open a position and 2u to close it. Just like that, without doing anything, you have already spent 4u in fees from your 100u principal. If you open 5 positions in a day, that's 20u in fees. If you go back and forth to open 10 positions in a day, your 100u principal could surprisingly lead to a staggering 40u in fees. With 20 positions, the fees are basically on par with your principal. Many high-frequency contract traders find that their fees in a month exceed their principal. If you want to see your fees for the past year, you can refer to what I posted below.

If you have a rebate, I can return a portion of the fees to you, so you know how much you lose without a fee rebate, right? #btc #ETH #bnb #币安Alpha上新 #美国加征关税