Transaction fees are an issue that trading users often overlook.
Even when profits are visible, one may find that overall profits are in a loss state or that not much money has been made. One reason for this is that the proportion of transaction fees is too high.
Transaction fees are the largest cost in the trading process!
For example: principal of 5000u, limit order trading fee rate is 0.02%, market order trading fee rate is 0.05%.
With 10x leverage, the amount is 50000u,
Limit order: 50000U × 0.02% = 10U fee
Market order: 50000U × 0.05% = 25u fee
This is just calculated with 10x leverage; if you are aggressively using 100x leverage, the fees can be astonishing!
If you open 100x leverage with purely limit orders, your position needs to profit at least over 4% to make a gain. Similarly, with purely market orders, your position needs to profit over 10% for you to earn.
For high-frequency contract trading and large positions,
Your fee expenses could exceed your principal in just one month.
So it is essential to open a rebate; you must get back the fees that are owed to you. If you don’t open for fees, they all go to the market.
The quickest way is through fee rebates. Saving about a quarter on fees is possible. However, this is regarding coin rebates; I won’t comment on other places' rebate ratios. I can only guarantee data transparency and stable rebates.
