Trading teams and asset managers can leverage the Management Fee function to calculate the amount of management fees for the funds they manage.
Please note that Binance calculates the fees based on your settings. The amount calculated using the Management Fee function is for reference only and not a guaranteed invoice or proof of charge. In addition, Binance will not charge management fees on your behalf.
What is management fee?
In traditional finance, management fee is a periodic payment charged by asset managers for the investment and portfolio management services they provide. Generally, management fee is calculated as a percentage of assets under management.
Who can use the Management Fee function?
Trading teams of managed sub-accounts can use the Management Fee function to estimate the amount of management fees of a running portfolio. You can set up the management fee rate from the master account of the managed sub-account. You can also view the management fee details and history.
For more information about sub-accounts, please refer to How to Manage Sub-Account Functions and Frequently Asked Questions.
What are the features of the Management Fee function?
- Set and adjust the management fee rate;
- View the total balance, management fee rate, management fee amount, and management fee history for each Managed Sub-Account;
- Download management fee reports.
How to set and adjust the management fee rate?
1. Log in to your Binance account and click [Profile] - [Sub Accounts].
2. Select [Transaction History], then click [Management Fee].
3. If this is your first time visiting this page, you will see a pop-up with tips for using this function.
4. Check the box next to the managed sub-account(s) you want to apply (to set or adjust) the management fee rate.
5. Click [Fee Settings].
6. Enter the management fee rate and click [Apply] to confirm.
7. You can view the applied management fee rate on the overview page.
How does Binance calculate the management fee?
For each managed sub-account, a snapshot of the total balance (i.e., the assets under management, AUM) will be automatically taken at 23:59:59 (UTC+0) daily. Based on the snapshot, the system will calculate the management fee amount at 08:00:00 (UTC+0) the next day and apply the latest management fee rate you set. The management fee amount is calculated as follows:
Management Fee Amount (T) = Total Balance (as of T 23:59:59 UTC+0) * Management Fee% (as of T+1 08:00 UTC+0) / 365 days
The management fee will be recalculated if any managed sub-accounts are disconnected and reconnected again.
What can I view from [Overview]?
On the [Management Fee] page, you can view the following information:
- Total Balance (USDT): The latest EOD (end of the day) total balance in USDT;
- Management Fee% (p.a.): The latest management fee rate applied;
- Amount (USDT): The cumulative management fee amount in USDT;
- Total Amount (USDT): The total management fee amount in USDT.
You can also filter accounts without management fee settings by checking the box next to [Hide without fee settings]. To download reports, click the [XLSX] button on the top right.
What can I view from [Details]?
To view details of a specific managed sub-account, click [Details] under the Action column.
You can view the following information:
- Total Balance (USDT): The EOD total balance in USDT;
- Management Fee% (p.a.): The management fee rate accrued to this sub-account;
- Amount (USDT): The management fee amount in USDT;
- Total Amount (USDT): The total management fee amount in USDT.
You can also view details for a specific period by customizing the time range from [Period]. To download reports, click the [XLSX] button on the top right.
*Note: The data shown in this FAQ are mock-ups for reference only.