how to calculate binance futures fees？
Binance Fee Calculator: Calculate Futures Fees In order to compute the fee that you’ll be charged: Divide 7,500 by 100 and multiply it by 0.02 or 0.04. So, we get, (7500 / 100) * 0.02 = 1.5 USDT. When you open a 7,500 USDT position as a maker order, you will be charged a cost of 1.5 USDT.2021年10月29日
One may also ask,How are Binance trade fees calculated?
Binance charges a 0.1% fee for trading on the platform as well as a 0.5% fee for Instant Buy/Sell, so your actual fee amount will depend on the amount of the trade. The higher the transaction, the higher the fee.
Also asked,What is the Commission on Binance futures?
Another attractive benefit of Binance Futures is its exceptionally low fee structure. Maker/taker fees can go as low as 0.000%/0.017%, allowing traders to keep their hard-earned profits.
Considering this,How do I lower my futures Binance fees?
In order to enjoy reduced fees, Binance requires you to both hold its native Binance Coin (BNB) and maintain a decent amount of turnover volume (in BTC). All of the VIP benefits of the spot market exchange apply to the futures market. What is more, the fees are generally lower than those on the spot market.
Beside above,How are trading fees calculated?
The formula is total commission costs divided by total share costs before commissions. For example, if commission costs total $300 and share costs total $6000, your commission costs are 5 percent of share costs.
There are no hidden fees or complicated pricing structures with futures trading. Futures trades are $2.25 per contract, plus exchange and regulatory fees, and that’s it. There are no clearing fees, no routing or platform fees, and no daily carrying fees for positions held overnight.
Binance users can lower costs by: Purchasing Binance (BNB) tokens to pay fees with a 25% discount….Binance vs. Coinbase: Fees.
|Purchases||0.1%||0% to 0.50%|
|Other fees||0.50% instant buy and sell fee||$0.99 to $2.99 based on the amount|
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To close the position, you buy back USD 10,000 worth of contracts and simultaneously sell the equivalent of Bitcoin (10,000/55,000 = 0.1818 BTC). In this trade, your profit will be calculated as such: Quantity of Bitcoins at Entry – Quantity of Bitcoins at Exit = 0.2 – 0.1818 = 0.0182 BTC.
Another way to further reduce your trading fees is to become a VIP. Binance offers 10 different VIP levels (VIP 0 – VIP 9), calculated based on your 30-day trading volume (equivalent in Bitcoin) and average BNB balance over the same period.
Low fees: Binance’s 0.1% trading fee is lower than many other U.S. exchanges. Trade execution: Binance is known for its high-speed trade execution.
In other words, futures contracts have a limited lifespan and will expire based on their respective calendar cycle. For instance, our BTC 0925 is a quarterly futures contract that will expire 3 months upon the date of issuance.