Do you really understand contract rebates?

Many people may not know that the rebates on contract trading fees are actually very important. Let me explain it to you in detail.

Assuming you have 10,000 USDT and you open a position with 20x leverage, trading half of your capital each time, your trading volume would be around 100,000 USDT. The trading fee for each transaction ranges between 40 USDT and 100 USDT. If you trade once a day, your daily trading fees would be between 40 USDT and 100 USDT. Over a month, the fees would accumulate to between 480 USDT and 1,200 USDT. Over a year, the fees amount to between 5,760 USDT and 14,400 USDT.

Therefore, the importance of opening rebates becomes evident. If you do not open rebates, the fees might lead you to losses. However, if you do open rebates, even if you incur losses, as long as the losses are less than the rebate amount, you are still making a profit.

This is why many people choose to open rebates. It not only helps you save money but also can reduce your trading risks to some extent. So, if you are trading contracts, make sure to open rebates!