Starting a rebate program is something that cannot wait; waiting will only result in throwing away more money. Take contracts as an example: a single transaction consists of opening and closing a position, which means that completing a transaction incurs two fixed fees. Assuming you use 100u and open at 50 times leverage, you are effectively using 5000u to either short or go long. The transaction fees on exchanges are generally around 0.04%. This means that to open a position, you need 2u, and to close it, you need another 2u. So, without doing anything, you’ve already spent 4u in fees from your initial 100u capital. If you make 5 trades in a day, that amounts to 20u in fees; if you go back and forth with 10 trades in a day, the fees on your 100u capital could shockingly reach 40u. After 20 trades, the fees are almost equivalent to your initial capital, and many high-frequency traders end up with fees exceeding their capital over a month.

Therefore, if you don’t start a rebate program, you will be throwing away a significant amount of money with each transaction. By starting the rebate program, you can recover a portion of the fees incurred, and the sooner you start, the better. If you are still unsure how much in fees you have generated, you can follow the steps I will share below to check; definitely start the rebate program.

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