๐ŸŽฏ BINANCE FUTURES FEES โ€“ NEW BROTHERS REMEMBER TO READ CAREFULLY ๐Ÿ‘‡

๐Ÿงฎ 1. Trading Fees โ€“ This is definitely something you have to pay, there's no escaping it ๐Ÿ˜ค
Futures trading means there are fees every time you open or close a position. There are 2 types you need to remember:
๐Ÿ”น Maker (liquidity provider) โ€“ place a limit order, wait for the price to match

๐Ÿ‘‰ Super low fee: 0.02%

โžก๏ธ Order $10,000 โ†’ costs only $2
๐Ÿ”น Taker (liquidity taker) โ€“ click market, match immediately & instantly

๐Ÿ‘‰ Double fee: 0.04%

โžก๏ธ Order $10,000 โ†’ costs $4
๐Ÿ“ TIP for you: If you're not in a hurry โ†’ use limit orders for cheaper, little by little makes a lot!
๐Ÿ” 2. Funding Fee โ€“ The "tip" every 8 hours ๐Ÿ•’

Funding fee is the amount the Long pays to the Short (or vice versa) to keep the Futures price close to the actual price.
โฐ Calculated 3 times a day: 03h โ€“ 11h โ€“ 19h (VN time) (if there's strong volatility, it's every 4 hours)

๐Ÿ“Œ Sometimes you get extra money, sometimes you lose money depending on the market trend
๐Ÿงฎ 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
๐Ÿ“‰ But if the rate is negative? You get a coffee tip from the Short side ๐Ÿ˜Ž
๐Ÿ’ฃ 3. Liquidation Fee โ€“ This one hurts a lot, avoid it as much as possible
Being liquidated = getting โ€œburnedโ€ due to insufficient margin โ†’ the exchange closes the position and charges a fee
๐Ÿ’ธ The fee usually ranges from 0.5% โ€“ 1% of the order value

โš ๏ธ You might also face Auto-Deleveraging (ADL) โ€“ getting pushed out of the game completely!
๐Ÿ”’ SURVIVAL TIP: Set Stop-Loss, use low leverage to be safe, donโ€™t go all-in based on emotions ๐Ÿง˜

โœ… 4. Some FEES that are NOT applicable (many might misunderstand):
โŒ No margin loan fees

โŒ No fees for holding positions overnight

โŒ No fees for withdrawing profits from Futures to Spot wallet

#bullish