How to calculate Binance futures fees

The processes for calculating fees for trading USDⓈ-M and COIN-M Futures are different.

The following is a breakdown of how to calculate fees for USDⓈ-M Futures and COIN-M Futures manually. You can also use the Binance Futures calculator the exchange provides to help you do this.

Binance USDⓈ-M Futures fees calculation

To calculate the fee for a USDⓈ-M Futures trade, multiply your position size by your entry price and then multiply that number by your maker or taker fee.

The following is an example.

Let’s say you’re a “Regular User” and want to open a 0.01 BTC long position at $44,000.

To figure out your trading fee, multiply your position size (0.01 BTC) by your entry price ($44,000). This gives you your long position, which is 440 USDT in this case.

Then multiply 440 USDT by the maker fee (0.02%), and you get 8.8 USDT, which is your fee.

Binance COIN-M Futures fees calculation

To calculate the fee for a COIN-M Futures trade, start by dividing the price of the futures contract by your entry price. Then, divide that number by the price of the futures contract before multiplying it by the maker or taker fee.

The following is an example.

Let’s say you’re a “Regular User” who bought a BTCUSD contract for $43,500 that is worth $150.

To figure out your trading fee, divide the contract price ($150) by the entry price ($43,500). This gives you your position size, which comes out to 0.00344828 BTC in this case.

Then, divide 0.00344828 by 150 before multiplying it by the taker fee (0.05%). This comes out to 0.00000115 BTC, which is your fee.

Bottom line

Binance is one of the biggest crypto futures trading platforms in the world, as it supports futures contracts for dozens of different crypto assets.(1)

Before using the platform, make sure that you not only understand how to calculate your futures trading fees but that you also fully understand the risks involved with trading crypto futures — or trading cryptocurrency in general. If Binance isn’t right for you, consider what you understand