Let's conduct an experiment. You can use two accounts, 1 and 2, both starting with the same initial capital. Account 1 has a rebate, while account 2 does not. If you perform the same trades simultaneously, the final result will be as follows: if account 2 is profitable, account 1 with the rebate will definitely be more profitable. If account 2 breaks even, account 1 will certainly have a net profit. If account 2 incurs a loss, account 1 still has the possibility of having a net profit or breaking even.

How are the transaction fees calculated? Suppose you use 100u and leverage 50 times. This means you are holding 5000u to go short or long, and the average transaction fee on exchanges is generally around 0.04%. This means you will need 2u for opening an order and 2u for closing it. By doing nothing, 4u in fees will be deducted from your initial capital of 100u. If you open 5 orders in a day, that would be 20u in fees. If you go back and forth opening 10 orders in a day, the fees could astonishingly amount to 40u from an initial capital of 100u. If you open 20 orders, the fees will be roughly equal to your initial capital. Many high-frequency contract traders end up with fees exceeding their initial capital over a month.

Therefore, you must use a rebate; do not underestimate the transaction fees, as the contract fees are much higher than you might think. One transaction can quickly surpass your initial capital. I have provided the steps to check the transaction fees below; you can check them yourself. #BTC #eth #bnb #美国加征关税