๐ฏ BINANCE FUTURES FEES โ NEW BROTHERS REMEMBER TO READ CAREFULLY ๐
๐งฎ 1. Trading Fees โ This is definitely something you have to pay, there's no escaping it ๐ค
Futures trading means there are fees every time you open or close a position. There are 2 types you need to remember:
๐น Maker (liquidity provider) โ place a limit order, wait for the price to match
๐ Super low fee: 0.02%
โก๏ธ Order $10,000 โ costs only $2
๐น Taker (liquidity taker) โ click market, match immediately & instantly
๐ Double fee: 0.04%
โก๏ธ Order $10,000 โ costs $4
๐ TIP for you: If you're not in a hurry โ use limit orders for cheaper, little by little makes a lot!
๐ 2. Funding Fee โ The "tip" every 8 hours ๐
Funding fee is the amount the Long pays to the Short (or vice versa) to keep the Futures price close to the actual price.
โฐ Calculated 3 times a day: 03h โ 11h โ 19h (VN time) (if there's strong volatility, it's every 4 hours)
๐ Sometimes you get extra money, sometimes you lose money depending on the market trend
๐งฎ For example, if you Long 1 BTC at $80k, volume 800$ and Funding rate is 0.01%
โ Lose an additional $8 every 8 hours if you hold the position
๐ But if the rate is negative? You get a coffee tip from the Short side ๐
๐ฃ 3. Liquidation Fee โ This one hurts a lot, avoid it as much as possible
Being liquidated = getting โburnedโ due to insufficient margin โ the exchange closes the position and charges a fee
๐ธ The fee usually ranges from 0.5% โ 1% of the order value
โ ๏ธ You might also face Auto-Deleveraging (ADL) โ getting pushed out of the game completely!
๐ SURVIVAL TIP: Set Stop-Loss, use low leverage to be safe, donโt go all-in based on emotions ๐ง
โ 4. Some FEES that are NOT applicable (many might misunderstand):
โ No margin loan fees
โ No fees for holding positions overnight
โ No fees for withdrawing profits from Futures to Spot wallet
#bullish
๐งฎ 1. Trading Fees โ This is definitely something you have to pay, there's no escaping it ๐ค
Futures trading means there are fees every time you open or close a position. There are 2 types you need to remember:
๐น Maker (liquidity provider) โ place a limit order, wait for the price to match
๐ Super low fee: 0.02%
โก๏ธ Order $10,000 โ costs only $2
๐น Taker (liquidity taker) โ click market, match immediately & instantly
๐ Double fee: 0.04%
โก๏ธ Order $10,000 โ costs $4
๐ TIP for you: If you're not in a hurry โ use limit orders for cheaper, little by little makes a lot!
๐ 2. Funding Fee โ The "tip" every 8 hours ๐
Funding fee is the amount the Long pays to the Short (or vice versa) to keep the Futures price close to the actual price.
โฐ Calculated 3 times a day: 03h โ 11h โ 19h (VN time) (if there's strong volatility, it's every 4 hours)
๐ Sometimes you get extra money, sometimes you lose money depending on the market trend
๐งฎ For example, if you Long 1 BTC at $80k, volume 800$ and Funding rate is 0.01%
โ Lose an additional $8 every 8 hours if you hold the position
๐ But if the rate is negative? You get a coffee tip from the Short side ๐
๐ฃ 3. Liquidation Fee โ This one hurts a lot, avoid it as much as possible
Being liquidated = getting โburnedโ due to insufficient margin โ the exchange closes the position and charges a fee
๐ธ The fee usually ranges from 0.5% โ 1% of the order value
โ ๏ธ You might also face Auto-Deleveraging (ADL) โ getting pushed out of the game completely!
๐ SURVIVAL TIP: Set Stop-Loss, use low leverage to be safe, donโt go all-in based on emotions ๐ง
โ 4. Some FEES that are NOT applicable (many might misunderstand):
โ No margin loan fees
โ No fees for holding positions overnight
โ No fees for withdrawing profits from Futures to Spot wallet
#bullish