Everyone knows that as long as you trade, there will inevitably be transaction fees. This part of the expense will occur as long as there is a transaction.
Veterans in the crypto world should know how to calculate transaction fees, but some newcomers seem to not realize the importance of transaction fees for a trade, especially for contract trading.
Assuming you use 100u, opening at 50 times leverage. That means you are using 5000u to go short or long, and the average transaction fee at first-tier exchanges is generally around 0.04%. This means that you need 2u to open a position and 2u to close a position. This is without doing anything; 4u in fees comes out of your 100u principal. If you open 5 trades in a day, that amounts to 20u in transaction fees, and if you go back and forth with 10 trades in a day, your 100u principal surprisingly incurs an astonishing 40u in transaction fees. Opening 20 trades, the fees are basically equal to the principal. Many high-frequency contract traders end up with fees exceeding their principal after a month. If you want to see your transaction fees over the past year, you can refer to what I sent below.
If you have rebates, a large portion of the fees can be refunded to you, so you know how much you lose without fee rebates, right?
Additionally, everyone should trade at first-tier exchanges, where the safety of funds is guaranteed.
