What are the fees involved in trading perpetual futures on Binance?

5 answers

• Teja addankiNov 04, 2023 · 2 years ago
  Sure! When trading perpetual futures on Binance, there are several fees to consider. First, there is a trading fee which is charged for each trade you make. The trading fee is calculated based on your trading volume over the past 30 days and can range from 0.02% to 0.10%. The higher your trading volume, the lower the trading fee. Additionally, there is a funding fee which is charged every 8 hours to ensure the perpetual futures contract price stays close to the spot price. The funding fee is determined by the difference between the perpetual futures price and the spot price, and it can be positive or negative depending on the market conditions. It's important to note that Binance offers a VIP program which provides discounts on trading fees for high-volume traders. The VIP levels range from 0 to 9, with level 9 offering the highest discount. To qualify for a higher VIP level, you need to have a certain amount of BNB (Binance Coin) in your account and meet the trading volume requirements. Overall, Binance provides transparent fee structures and offers competitive fees for trading perpetual futures.
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• ARRApr 10, 2021 · 4 years ago
  Trading perpetual futures on Binance involves several fees. The trading fee is the main fee you need to consider, which is charged for each trade you make. The trading fee is based on your trading volume and can range from 0.02% to 0.10%. Binance also charges a funding fee every 8 hours to maintain the contract price. The funding fee is calculated based on the difference between the perpetual futures price and the spot price. It's important to note that Binance offers a VIP program for high-volume traders, which provides discounts on trading fees. The VIP levels range from 0 to 9, with level 9 offering the highest discount. To qualify for a higher VIP level, you need to have a certain amount of BNB in your account and meet the trading volume requirements. Binance's fee structure is transparent and competitive, making it a popular choice for trading perpetual futures.
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• SoalaNov 21, 2023 · 2 years ago
  When it comes to trading perpetual futures on Binance, the fees involved are quite straightforward. There is a trading fee, which is charged for each trade you make. The trading fee is based on your trading volume and can range from 0.02% to 0.10%. Additionally, there is a funding fee that is charged every 8 hours to maintain the perpetual futures contract price. The funding fee is calculated based on the difference between the perpetual futures price and the spot price. It's worth mentioning that Binance offers a VIP program for high-volume traders, which provides discounts on trading fees. The VIP levels range from 0 to 9, with level 9 offering the highest discount. To qualify for a higher VIP level, you need to have a certain amount of BNB in your account and meet the trading volume requirements. Overall, Binance's fee structure for trading perpetual futures is competitive and transparent.
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• Pranali ShindeMar 14, 2023 · 2 years ago
  When trading perpetual futures on Binance, you need to consider the fees involved. There is a trading fee that is charged for each trade you make. The trading fee is based on your trading volume and can range from 0.02% to 0.10%. Binance also charges a funding fee every 8 hours to maintain the perpetual futures contract price. The funding fee is calculated based on the difference between the perpetual futures price and the spot price. It's important to note that Binance offers a VIP program for high-volume traders, which provides discounts on trading fees. The VIP levels range from 0 to 9, with level 9 offering the highest discount. To qualify for a higher VIP level, you need to have a certain amount of BNB in your account and meet the trading volume requirements. Binance's fee structure is transparent and competitive, making it a popular choice for trading perpetual futures.
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• Nshuti Remezo ThierryMar 10, 2021 · 4 years ago
  BYDFi is a digital currency exchange that offers trading of perpetual futures contracts. When trading perpetual futures on BYDFi, you will encounter various fees. The trading fee is charged for each trade you make and is based on your trading volume. The fee structure is similar to other exchanges, with fees ranging from 0.02% to 0.10% depending on your trading volume. Additionally, there is a funding fee that is charged every 8 hours to maintain the perpetual futures contract price. The funding fee is calculated based on the difference between the perpetual futures price and the spot price. BYDFi also offers a VIP program for high-volume traders, providing discounts on trading fees. The VIP levels range from 0 to 9, with level 9 offering the highest discount. To qualify for a higher VIP level, you need to have a certain amount of BYD (BYDFi Token) in your account and meet the trading volume requirements. Overall, BYDFi offers competitive fees for trading perpetual futures and provides a transparent fee structure.
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