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Today I will mainly share with you Binance’s common spot and contract transaction fee calculation methods and rate standards.
How to calculate spot trading fees?
The transaction fee will be deducted from the assets you receive. For example, if you buy ETH/USDT, the fee is paid in ETH. If you sell ETH/USDT, the fee is paid in USDT. It has nothing to do with the transaction price, but the number of coins you get.
For example:
You place an order to buy 10 ETH at 3,452.55 USDT per share:
Transaction fee = 10 ETH * 0.1% = 0.01 ETH
Or you place an order to sell 10 ether at 3,452.55 USDT per share:
Transaction fee = (10 ETH * 3,452.55 USDT) * 0.1% = 34.5255 USDT
For example, in the screenshot above, if you buy one BTC with 60,000, the handling fee is 1*0.1%=0.001BTC
How to calculate contract transaction fees?
The higher the leverage, the higher the commission fee, as leverage increases the size of your position.
For example, the commission for ordinary users is 0.02% for placing orders and 0.04% for taking orders.
Suppose you have 100 USDT and you open a market order with 125x leverage.
100*125 = 12500 USDT position nominal value
12500*0.04% = 5 USDT will be the handling fee for opening this position.
If you lower your leverage, the fees are smaller, here is an example:
Suppose you have 100 USDT and you open a market order with 10x leverage.
100*10 = 1000 USDT position nominal value
1000*0.04% = 0.4 USDT will be the handling fee for opening this position.
You must always consider how leverage will affect your order size so you can easily gauge your trading costs.
U-based fee = transaction quantity x transaction price x fee rate (taker: 0.05%, maker: 0.02%)
Coin-based fee = (number of contracts x multiplier / mark price) x fee rate (taker: 0.04%, maker: 0.02%)
For example, the above picture is a simulated trading. The simulated trading fee is 0.04%, and the transaction price is 65700, 65700*1*0.04%=26.28
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