Brothers who have traded contracts may not know that the transaction fees for opening and closing positions are quite astonishing.
Let me calculate it for you. Assuming you use a principal of 1,000 USDT and open a position with 125 times leverage, the actual contract amount is:
1,000 USDT × 125 = 125,000 USDT
Fee calculation:
- Opening fee: 125,000 USDT × 0.06% = 75 USDT
- Closing fee: 125,000 USDT × 0.06% = 75 USDT
- The total fee for opening a contract is 150 USDT. If you trade 10 times a day, the fees will be: 150 USDT × 10 = 1,500 USDT. If you make a profit, it doesn't matter, but if you incur a loss, it can be quite painful.
If there is a platform that can help you earn back 80% of your fees, would you play or not?