Sometimes you’re clearly in profit, but after closing your position, why is the amount you actually receive lower?
A lot of people may be wondering where the difference went.
The fact is, fees are charged both when you open and close a position.
The taker fee for market orders is 0.05%, so opening and closing a position costs 0.1% in fees.
With 100 in capital and 100x leverage, the fees for opening and closing a position can amount to nearly 10% of your capital. That’s a real cost.
That’s why rebates are especially important. If you’re a referrer, you could even get 40% back.
A lot of people may be wondering where the difference went.
The fact is, fees are charged both when you open and close a position.
The taker fee for market orders is 0.05%, so opening and closing a position costs 0.1% in fees.
With 100 in capital and 100x leverage, the fees for opening and closing a position can amount to nearly 10% of your capital. That’s a real cost.
That’s why rebates are especially important. If you’re a referrer, you could even get 40% back.