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.
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.