Getting a rebate on your transaction fees is a must in the cryptocurrency world, especially for those who have high leverage or do large trading volumes such as quantitative trading.
Let me do some calculations for you: the principal is 1000u, and the order is opened 10 times. The total buying and selling transaction volume is 20000u. Assuming five orders are opened a day, the total transaction volume for one day is 100000u.
I put the Binance fee rate standard below. If the bnb fee discount is not taken into account, the order placing fee rate is 20,000 yuan, and the order taking fee rate is 15,000 yuan. For the convenience of calculation, it is calculated at 30,000 yuan. The daily fee is 100,000×0.03%=30u, and the annual fee is 30×365=10,950u. The maximum proportion of Binance's self-rebate is 20% (you must be a kol or a big bnb customer to give you 20%, and any excess of 20% needs to be manually returned to you), 10,950*20%=2,190u.
To summarize, you only need to ensure that you do not have a margin call within a year, and you can earn twice the principal just by returning the transaction fees. From another perspective, the transaction fees lost in a year are ten times the principal. That is to say, for high-leverage and high-frequency trading, you need to earn 10 times the principal in a year to protect the principal. This is why contracts will eventually fail.
I am a Binance KOL. After you cancel and re-register through my link, you can get a maximum of 20% of your own transaction rebate (self-rebate). Link:
https://www.suitechsui.io/cn/join?ref=ECYCPDAA
For the cancellation and re-registration methods, you can check the public account Zhouzhou Quantification, which contains detailed tutorials.
Those who already have self-rebates also need to note that the self-rebates are only valid for one year. After one year, you will still need to cancel and re-register to continue to enjoy the self-rebates.
