This article teaches you how to calculate contract transaction fees, so you can clearly understand how each fee is calculated and how to reduce fee expenses.
Calculation formula: Position value × Fee rate = Transaction fee
Position value: Amount of currency held × Opening price = Position value (as shown in Figure 1, which directly displays the position value)
Fee rate: For ordinary users, the fee rate is 0.02% for limit orders and 0.05% for market orders.
With this calculation formula, it is clear that transaction fees are proportional to the size of your position and the trading method. If one increases, the transaction fee will rise. Therefore, to reduce trading fees, you need to lower one of them. When it comes to position size, this depends on individual capital.
Therefore, to reduce fee expenses, one can only focus on the fee rate and transaction fees.
1. Based on personal trading habits, use limit orders more often. This can intuitively reduce part of the transaction fees (fee rate).
2. Hold BNB, transfer it to the contract account, and enable the BNB discount option to enjoy a 10% discount on the BNB fee rate (fee rate).
3. Upgrade your VIP level, which can also lower the fee rate (fee rate).
4. Rebates, based on the actual transaction fees incurred by users, are returned proportionally (transaction fee).
According to the quoted brother's transaction fee expenditure of 92112U + 73.35BNB (calculated at 1BNB = 640U), the total transaction fee expenditure is 139056U, and the first month can save him 48669U.
