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How much do you know about transaction fees? 【Pay attention! Very important!】

Transaction fees are the biggest cost in the trading process!

Here’s an example, taking BN transaction fees as an example:

Example: Principal 1000u

10x leverage means 10000u,

10000U * 0.05% = 5u transaction fee

For 1 contract:

Opening fee 5u, closing fee 5u, total 10u.

💦 Summary: For 10x leverage, assuming 5 contracts are executed in a day

💧 The daily transaction fee is: 10 * 5 = 50u = 350r

💧 The monthly transaction fee is: 350 * 30 = 10500r

💧 The yearly transaction fee is: 10500 * 12 = 126000r

For 20x leverage, that’s 20000u, 20000U * 0.05% = 10u transaction fee

For 1 contract:

Opening fee 10u, closing fee 10u, total 20u.

💦 Summary: For 20x leverage, assuming 5 contracts are executed in a day

💧 The daily transaction fee is: 20 * 5 = 100u = 700 yuan

💧 The monthly transaction fee is: 700 * 30 = 21000 yuan

💧 The yearly transaction fee is: 21000 * 12 = 252000 yuan

This is just calculated for 10x and 20x leverage, if aggressively using 100x leverage, the transaction fees will be quite astonishing!

According to the above calculations, the yearly transaction fees could return several tens of thousands of U, the savings are profit, and if operations are mishandled and there’s a liquidation, the refunded transaction fees can give us another chance to rise again!

Mature traders will definitely consider transaction fee erosion, remember to find me, there is an answer to every question.