Let's talk about contract trading fees.
Fees are calculated based on the notional value of the trade, i.e., price × quantity, not the margin invested.
One thing that's easy to overlook: since fees are based on notional value, the higher the leverage, the greater the fees for opening and closing a position as a percentage of the margin. At 0.05% for each side, the total is about 1% of the margin at 10x leverage.
Don't switch a stop-loss order to a limit order just to save on fees. In a volatile market, the loss from the order not getting filled could be greater.
For context, $BTC is quoted at 75,938.68, down 0.38% over 24 hours.
#BTC
Fees are calculated based on the notional value of the trade, i.e., price × quantity, not the margin invested.
One thing that's easy to overlook: since fees are based on notional value, the higher the leverage, the greater the fees for opening and closing a position as a percentage of the margin. At 0.05% for each side, the total is about 1% of the margin at 10x leverage.
Don't switch a stop-loss order to a limit order just to save on fees. In a volatile market, the loss from the order not getting filled could be greater.
For context, $BTC is quoted at 75,938.68, down 0.38% over 24 hours.
#BTC