Many traders focus on profit and loss every day, but few actually calculate how much trading fees they have paid.
In fact, it’s very easy to check fees on Binance.
To check contract fees:
Assets → Derivatives → Today’s P&L → Funding Fees and Trading Fees
To check spot fees:
Bills → Trade Details
We recommend that all users who trade long-term should track this.
After checking, many people find that the fees they paid in a year are far higher than they imagined.
Whether it’s spot or contract trading, trading fees are a cost that cannot be ignored in long-term trading.
Below, two real cases are shared:
Case 1:
With a principal of 1000U, profit in one month was 1863U.
During the period, the total trading fees paid were 144U.
If you enjoyed a 20% referral rebate, it’s equivalent to reducing the fee cost by about 28.8U.
Case 2:
A trader’s account had a total loss of about 100,000U over one year, and fee expenses reached 70,000U.
If they had enjoyed a 20% referral rebate at the time, theoretically, they could have reduced the fee cost by about 14,000U.
Market conditions can’t be predicted, but trading costs can be managed.
In the long run, reducing fee expenses is an important part of improving trading efficiency.
We recommend that every long-term trader first review their historical fees, then evaluate their trading cost structure.
In fact, it’s very easy to check fees on Binance.
To check contract fees:
Assets → Derivatives → Today’s P&L → Funding Fees and Trading Fees
To check spot fees:
Bills → Trade Details
We recommend that all users who trade long-term should track this.
After checking, many people find that the fees they paid in a year are far higher than they imagined.
Whether it’s spot or contract trading, trading fees are a cost that cannot be ignored in long-term trading.
Below, two real cases are shared:
Case 1:
With a principal of 1000U, profit in one month was 1863U.
During the period, the total trading fees paid were 144U.
If you enjoyed a 20% referral rebate, it’s equivalent to reducing the fee cost by about 28.8U.
Case 2:
A trader’s account had a total loss of about 100,000U over one year, and fee expenses reached 70,000U.
If they had enjoyed a 20% referral rebate at the time, theoretically, they could have reduced the fee cost by about 14,000U.
Market conditions can’t be predicted, but trading costs can be managed.
In the long run, reducing fee expenses is an important part of improving trading efficiency.
We recommend that every long-term trader first review their historical fees, then evaluate their trading cost structure.