Hello, crypto traders!

If you are an active participant in the futures market on Binance, you have likely already encountered the topic of fees. Sometimes it seems like they "bite" or that "hidden" charges eat into your profits. Let's figure out why this happens and, most importantly, how to see all the fees before you hit the "Open Position" button.

Why can fees on futures seem high?

On Binance Futures, there are not only trading fees, but also so-called "funding rates," which can significantly affect your profit or loss, especially during long-term position holding.

* Maker/Taker Fees:

* Taker Fee: This is the fee you pay when your order is executed instantly, taking liquidity off the market (for example, with a market order or a limit order that is filled immediately). The base taker fee for perpetual futures on Binance is usually 0.050%.

* Maker Fee: This is the fee you pay when your order adds liquidity to the market (for example, with a limit order that is placed in the book and waits for execution). The base maker fee is usually lower — 0.020%.

* Why does it seem like a lot? If you often use market orders or trade large volumes without considering your VIP level, taker fees can quickly accumulate.

* Funding Rates:

* This is a unique feature of perpetual futures. Funding rates are periodic payments between longs and shorts that occur every 8 hours (on Binance).

* Positive funding rate: If the futures price is higher than the spot price (which usually happens in a bull market), longs pay shorts.

* Negative funding rate: If the futures price is lower than the spot price (in a bear market), shorts pay longs.

* Why does this affect "high fees"? The funding rate can be both your income and a significant expense, especially if you hold a position for a long time in a trending market. It can quickly "eat" into your profits or increase losses, without being a "trading fee" in the strict sense.

How to see fees before opening a trade?

Fortunately, Binance provides all the tools for transparency!

* On the futures trading page:

* On the right, below the order block: You will see the current Maker/Taker Fees for your VIP level. These are your direct trading fees.

* In the contract information (usually in the top left or in the pair details): You will see the current Funding Rate and a countdown to the next payment. This is critically important if you plan to hold a position for longer than a few minutes.

* When placing an order:

* When you enter the amount and price for your order (especially for a limit order), Binance usually shows the estimated fee for this transaction before final confirmation. This may appear as a small line under the quantity input field or in the order confirmation window.

* Calculator: The Binance futures page has a built-in calculator. You can find it in the top menu or next to the order block. You can use it to calculate potential profit, liquidation price, and, of course, expected fees (Maker/Taker) and potential funding expenses for different volumes and types of orders. This is your best friend for pre-calculation!

* Fee table on the Binance website:

* It is always helpful to check the official Binance Futures fee table on their website. It details all VIP levels, their corresponding maker/taker fees, and discounts for using BNB to pay fees.

Conclusion:

"High fees" on Binance Futures are often the result of a lack of understanding of their structure. By knowing the difference between maker/taker fees and funding rates, as well as actively using the built-in calculator and information on the trading interface, you can accurately control your costs and make more informed trading decisions.

Be careful, trade responsibly!

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