Are the fees high?

The fees generated from a single transaction may not seem significant, but since trading is a long-term activity, the fees accumulate over time. Let's calculate how much the fees actually are.

Taking Binance as an example:

Trader Xiao Yu uses 500 USDT, setting the leverage to 100 times (this is just a hypothetical scenario; high leverage is not recommended), so the position value is 50,000 USDT.

It is known that the unilateral fee rate for Binance contracts is 0.02% (maker) and 0.04% (taker).

Fee calculation method: Position value × Fee rate.

For a single trade (buy and sell), Xiao Niu incurs a fee of 20-40 USDT, assuming a taker fee, the total fee generated is about 10% of the principal.

This is just the fee generated from one transaction.

If the market fluctuates significantly and the trading frequency increases, the monthly total can add up to quite a lot.

With a trading volume of 10 million in a month, the fees incurred would be 4,000 USDT (based on taker fee rate), which is a considerable expense even when converted to RMB.

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