Don't play with contracts yet, let's handle important matters first! Many people who trade contracts overlook a major issue, which is the transaction fee problem. You could say that when you open a position, you have already quietly paid a fee. When your profit is only a few points and you close the position, you quietly pay another fee. You may wonder why, despite having a few points of profit, you still end up losing; this is because you haven't recouped your transaction fees.

Assuming you use 100u and leverage 50 times, you are effectively using 5000u to go long or short. The average transaction fee on exchanges is generally around 0.04%. This means that opening an order costs you 2u and closing it costs another 2u. So, without doing anything, you have already spent 4u in fees from your initial 100u capital. If you open 5 orders in a day, that amounts to 20u in fees, and if you go back and forth opening 10 orders in a day, the fees can surprisingly reach 40u on your 100u capital. If you open 20 orders, the fees are basically equal to your capital, and many high-frequency contract traders find their fees exceeding their capital after a month. If you want to check your transaction fees for the past year, you can refer to the information I posted below.

If you have a rebate, I can return a portion of the fees to you, so you're not throwing it all away.

I estimate that the transaction fees of most people exceed their capital, so now you understand how much you lose without fee rebates, right? #btc