How are the fees for perpetual contracts calculated?

Other fees for Binance perpetual contracts mainly include: transaction fees, funding rates

Transaction fees:

Position opening and closing are divided into maker orders and taker orders, that is, maker and taker

Basic fee standards for mainstream platforms: maker (maker order): 0.02%

Taker (market order): 0.05%

Placement and taker orders, as long as they are not bought or sold at the current price, stop profit and stop loss are all considered maker orders

To put it simply, manually input prices are all considered placers, and no price setting is considered taker orders

Transaction fee = position value × fee rate

For example: 600u principal, using 100x leverage, the position value is 60000U (just for example, high leverage is not recommended)

Position value = number of coins * opening price (principal × leverage multiple)

According to the above example

60000U×0.05%=30U,

So just opening a position, the transaction fee for one Bitcoin cannot be ignored, plus the closing fee, current price closing and place order closing

Current price closing: 60000U×0.05%=30U

Place order closing: 60000U×0.0 2%=12U

So for a completed contract transaction, the transaction fee for one Bitcoin is 24U-60U. This is just the transaction fee, and the transaction is long-term, so the accumulated fee expenditure is also a big part

Funding rate:

In addition to the transaction fee, perpetual contracts also have a funding rate, but the funding rate is not a fixed value, it is determined according to the difference in the market's long-short ratio

The main function of the funding rate is to balance the market's long-short ratio

Funding rate algorithm: position value × funding rate

When the funding rate is positive

Long orders deduct the funding rate according to the position value, and short orders obtain the funding rate according to the position value

On the contrary, when the funding rate value is negative, long orders get money, and short orders deduct money

The funding rate is settled once a day at 00:00, 08:00, and 16:00 (only at the settlement time, the position on hand will be charged or deducted)