It's time for rebates again

If you're trading contracts, you definitely need a rebate, otherwise you'll be at a significant disadvantage.

Opening a position of 100u at 100x means a position of 10000u. With a fee rate of 1.5% on market orders, you need 5u to open a position and another 5u to close it, costing you 10u in fees without doing anything. This is also why many people feel that the fees for Bitcoin are high; some alternatives offer a maximum of 25x or 50x.

Just casually opening a few trades in a day, especially with high-frequency trading, can lead to terrifying fees that can even exceed your principal.

So rebates are very important; having one-third of what you get back is definitely worthwhile.

Many people actually have a bias against rebates, but the main purpose of rebates is to help traders save on costs, rather than encouraging high-frequency trading just because you have a rebate.

As long as you trade in the cryptocurrency space, you need to get a rebate.