Many people do not know how outrageous the transaction fees are. Let me explain. For example, if you open a position of 10,000 USDT, the usual spot trading fee for exchanges is 0.1%. If you open and close a position with 100 USDT at 100 times leverage, the transaction fee would be 12 USDT over a year, accumulating to more than the principal in rebates!!!!

So it is essential to open rebates. Many people find that their profits in cryptocurrency trading cannot outpace the transaction fees, especially contract traders.