Newbies are still asking how to make money, while experienced players are thinking about how to save money.
The position shows a profit, so why do we still lose money after closing the position? Many people may have this question.
The reason for this situation is that both opening and closing positions require transaction fees.
No matter which exchange you trade on, you need to understand the transaction fees of the exchange. Different trading modes and order types will have different fee rates.
You can see that Binance's USDT futures trading fee is 0.02% for maker orders and 0.05% for taker orders. The transaction fee for one trade is calculated as 0.02% for maker orders and 0.1% for taker orders.
Ps. Leverage is just a tool to amplify the principal. The larger the position size, the higher the fees incurred.
The fee for a single trade is about 25 USDT. If you only make 3 trades a day, that adds up to over 2200 USDT in a month. If there are fee rebates, you can get back over 700 USDT on top of that 2200 USDT. Isn't that appealing?
Everyone can check how much their fees are now.
Of course, besides fee rebates, holding BNB can also be used to offset fees, but it needs to be transferred to the futures account to be eligible for the deduction.
