How are perpetual contract fees calculated, and how to reduce them!!!

How are the exchange contract fees calculated? Many people may not fully understand how the fees are calculated. It clearly shows a profit, but when closing the position, the account funds actually decreased. This article will introduce how the fees in perpetual contracts are calculated and how to reduce them.

Before calculating trading, it's important to understand the platform's fee rates.
Different platforms have different rates and different rules.

The chart shows that the U-based fee rate is Maker (limit order) 0.02%, Taker (market order) 0.05%.

Buying a Bitcoin worth 100,000 with a leverage of 100 times results in a principal of 1000.

For one trade (buy and sell), the fee needed for a limit order is 40, while the fee for a market order is 100.

Transaction volume is cumulative. If calculated at a transaction volume of 10 million, the fee incurred is between 4000 and 10000, which is still a significant proportion of the expenses in trading.

Regardless of how the market fluctuates, or whether there are gains or losses in trading, the fee expenditure is fixed; as long as there is trading, fees will be incurred.

So how can we reduce it?

1. Rebate

2. BNB Discount

3. Upgrade VIP level

Best combination: Rebate + BNB Discount + VIP1