Binance Futures Fee Structure & Fee Calculations

2020-06-11 07:01

To check your trading fee rate, please click here.

Notes:

All spot market VIPs are also VIPs in the Futures market.
Futures fee tiers mirror the spot market tiers but are generally lower. Please note that the volume requirement for each VIP tier is 5 times that of the spot market due to the leverage provided.
Please refer to Daily BNB Balance Calculation Mechanism.
Users will receive a 10% discount on standard trading fees when they use BNB to pay for trading fees on Binance Futures. Users will need to transfer BNB from their Spot Wallet to their Futures Wallet to receive the 10% discount. Please ensure that you have a sufficient BNB balance in your Futures Wallet to pay for the trading fees. The system will automatically deduct USDT as Futures trading fees and you will not be entitled to the discount.
BNB transferred to the Futures USDⓈ-M Wallet can be used for fee discounts and collateral when Multi-Assets mode is enabled. For more details, please refer to Binance Futures Trading Fee Discount Program - Save 10% With BNB

What Do "Maker" and "Taker" Mean?

Taker:

When you place an order that trades immediately before going on the order book, either filling partially or fully, those trades will be "taker" trades.

Trades from Market orders are always Takers, as Market orders can never go on the order book. These trades are "taking" volume off of the order book, and therefore called the "taker."

Maker:

When you place an order that goes on the order book partially or fully, such as a limit order, any subsequent trades coming from that order will be as a “maker.”

These orders add volume to the order book, helping to "make the market," and are therefore termed the "maker" for any subsequent trades.

How to calculate the commission for Coin-margined contracts?

Commission fee = notional value*fee rate

Notional value = (number of contracts*contract size) / trade price

For example, regular user's marker commission: 0.015%; taker commission: 0.040%

Buy 10 BTCUSD 0925 quarterly contracts using Market order:

Notional value = (number of contracts*contract size) / opening price

= (10 contracts*100 USD) / 10,104 USD

= 0.09897 BTC

Taker commission fee: 0.09897*0.040% = 0.00003959 BTC

After the price increases, sell 10 BTCUSD 0925 quarterly contracts using Limit order:

Notional value = (number of contracts*contract size) / closing price

= (10 contracts*100 USD) / 11,104 USD

= 0.09 BTC

Maker commission fee: 0.09*0.015% = 0.00001351 BTC

Note: For quarterly delivery contracts, a flat 0.015% of settlement fee is charged for all positions settled on the delivery date.

How to calculate commission of USDⓈ-margined contracts?

Commission fee = notional value*fee rate

Notional value = coins*trade price

For example, regular marker commission: 0.02%; taker commission: 0.040%

Buy 1 BTC BTCUSDT contract using Market order:

Notional value = coins*opening price

= 1 contract*10,104 USD

= 10,104

Taker commission fee: 10,104*0.040% = 4.0416 USDT

After the price increases, sell 1 BTC BTCUSDT contract using Limit order:

Notional value = coins*closing price

= 1 contract*11,104 USD

= 11,104