Trading volume is an important indicator of the activity level of an exchange. High trading volume means a large number of users, active trading, and high market depth, making it easier to buy and sell digital assets. This article will introduce several common methods to check your trading volume.
1. Check trading volume on Binance.
Features: Binance supports viewing trading volume for the past 7 days, last month, last 3 months, and last year.
1. Open the Binance APP, select Funds > Contract Account > Today's Realized Profit and Loss List.
2. Choose the corresponding U-based or coin-based options, and the date can be customized to 7 days, last month, last 3 months, or last year. You can enlarge the list to view your account's trading volume.
Secondly, different trading modes will have different fee rates. Below is an example using Binance.
Spot trading.
The spot trading unilateral fee rate is 0.1%. If using BNB for deductions, it can be reduced by 25%. If there is a fee rebate, it can be stacked on top of this discount.
However, Binance currently has an activity where some cryptocurrencies using FDUSD trading pairs for Maker orders have a 0 fee.
Contract trading.
You can see that the unilateral fee rates for contracts are Maker (Maker orders) 0.02%, Taker (Taker orders) 0.05%. Like spot trading, BNB can also be used for deductions, but the discount rate is different, only 10%.
Contracts also have trading pair promotional activities, such as 0 fee rate for Maker orders using USDC trading pairs and 0.04% fee rate for Taker orders.
All promotions can be stacked with rebates.
Everyone might have the illusion that the fee rates for contracts are much lower than those for spot trading, but that's not the case.
Due to the leverage mechanism in contract trading, it magnifies the principal, and the fees are calculated based on the leveraged position value (which also amplifies the risk).
For example, if you invest 100 as principal and use 100x leverage, the fees are calculated based on 10,000.
For spot trading, investing 100 as principal means calculating fees based on a principal of 100.
Especially for frequent trading, the resulting fees can be even higher, as shown in the picture below.
In just 7 days of trading, the generated fees amount to over 31,000 USD.
