If you are trading high-frequency contracts, you may not even be aware of the existence of trading fees, or you might overlook these fees, not realizing that the transaction fees from frequent trading could even exceed your principal, which amounts to a significant cost.

Here’s an example using Binance trading fees:

Example: Principal of 1000 USDT, limit order trading fee rate of 0.02%, market order trading fee rate of 0.05%.

With 10x leverage, that equals 10000 USDT,

Limit order: 10000 USDT × 0.02% = 2 USDT trading fee

Market order: 10000 USDT × 0.05% = 5 USDT trading fee

To put it simply:

With 900 USDT using 100x leverage to buy 1 Bitcoin worth 90000 USDT, the position value at this time is 90000 USDT.

The trading fee generated from a limit order buy is 90000 × 0.02% = 18, which requires manual setting for opening and closing positions.

The trading fee generated from a market order buy is 90000 × 0.05% = 45, which is automatically entered by the system (the system will enter at the current best price).

At this point, the advantages of fee rebates become apparent; through rebates, you can reclaim a portion of the fees, essentially saving money.

More importantly, fee rebates are applicable not only to spot trading but also to contract trading. This means that whether you are a spot trading expert or a contract trading master, you can enjoy more trading returns through rebates.

So be sure to enable rebates; you should reclaim the fees that you are entitled to, otherwise, all fees will go to the market.

Existing users can also contact me, supporting their own identity information, no need for family members.