How much do you know about the commission rebate?
Transaction fees are the biggest cost in the trading process!
Let's take an example, using Binance trading fees as a reference:
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 traded in a day,
Daily transaction fee is: 10 * 5 = 50u = 350 yuan
Monthly transaction fee is: 350 * 30 = 10500 yuan
Annual transaction fee is: 10500 * 12 = 126000 yuan
20x leverage means 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 traded in a day,
Daily transaction fee is: 20 * 5 = 100u = 700 yuan
Monthly transaction fee is: 700 * 30 = 21000 yuan
Annual transaction fee is: 21000 * 12 = 252000 yuan
This is calculated based on 10x and 20x leverage. If you aggressively use 100x leverage, the fees can be astonishing!
Based on the above calculations, the annual transaction fee could be several tens of thousands of U, and the savings become profits. If operations go wrong and you face liquidation, the commission rebate can give us a chance to make a comeback!
Do you understand? Do you get it? Want to find me to do a commission rebate? I'll tell you quietly.