When it comes to futures trading, one of the key things to be aware of is the fees that will be charged by the exchange. Binance is one of the most popular cryptocurrency exchanges and it offers a range of different futures products.
In this article, we will take a look at how Binance calculates its fees for futures trading.
When you trade on Binance Futures, you will be charged a trading fee. This fee is calculated as a percentage of the total value of the trade. The exact fee that you are charged will depend on your trading volume over the past 30 days. If you have traded more than 50,000 BTC over the past 30 days, then you will be charged a 0.
02% trading fee. If you have traded less than 50,000 BTC, then you will be charged a 0.03% trading fee.
In addition to the trading fee, there is also a funding fee that is charged every 8 hours. This fee is calculated based on the interest rates of the underlying assets and is applied when you open a position. Long positions are charged a 0.
NOTE: Warning: Trading with Binance Futures can be highly risky and is not suitable for all investors. Binance Futures fees are calculated based on the type of order you place and the total value of your position. Please read the full User Agreement carefully before engaging in any trading activities. If you do not understand how to calculate Binance Futures fees, please consult a financial advisor or other qualified professional before trading.
02% funding fee and short positions are charged a 0.01% funding fee.
Binance also charges a withdrawal fee when you withdraw funds from your account. The withdrawal fee for Bitcoin is 0.
001 BTC and the withdrawal fee for Ethereum is 0.01 ETH.
When it comes to fees, Binance is very competitive when compared to other exchanges. The trading fees are lower than most other exchanges and the funding fees are also very reasonable.
Overall, Binance provides an excellent service with low fees, which makes it one of the best exchanges for futures trading.
7 Related Question Answers Found
Futures Binance fees are calculated based on the total value of the contract. The fee is 0.075% for takers and 0.025% for makers. There is also a funding fee that is paid every 8 hours.
Binance Futures is a cryptocurrency futures trading platform launched by Binance in September 2019. The platform offers a wide range of futures contracts with leverage up to 125x. Binance Futures uses the same engine as Binance Spot and is fully integrated with the Binance ecosystem.
Binance Funding Rate is the fee charged by Binance for providing leverage to traders. This fee is charged every 8 hours and is based on the following formula:
Funding Rate = [(Interest Paid – Interest Charged) / (Leverage * Notional Value)] * 100%
The Interest Paid is the interest that accrues on the trader’s account over the 8-hour period. The Interest Charged is the amount of interest that Binance charges for providing leverage.
Binance, one of the world’s largest cryptocurrency exchanges, offers margin trading with up to 3x leverage. In this article, we’re going to explain how Binance margin is calculated, and how you can use it to trade cryptocurrencies. When you trade on margin, you’re essentially borrowing money from the exchange in order to trade.
Binance Smart Chain is a high-performance blockchain that runs in parallel with Binance Chain. It is built to support smart contracts and enables decentralized applications (dApps) to run on it. To check your Binance Smart Chain fees, you need to first go to the “Fees” section of the Binance website.
Binance is a cryptocurrency exchange platform that allows for the trading of digital assets. Binance is one of the most popular exchanges in the world and is frequently used by traders to buy and sell cryptocurrencies. Binance is a centralised exchange, meaning that it is not decentralised like many other exchanges.
Binance Futures Fees are the charges assessed by Binance for the use of its futures contracts trading platform. These fees are generally very reasonable, and are often lower than the fees charged by other exchanges. In addition, Binance offers a variety of different ways to trade futures, which can help to keep costs down.
