What are the fees associated with Binance perpetual futures?
srt gmbhOct 09, 2021 · 4 years ago5 answers
Can you provide a detailed explanation of the fees associated with Binance perpetual futures? I would like to know the different types of fees, how they are calculated, and if there are any discounts available.
5 answers
- Femy MangalyApr 20, 2022 · 4 years agoWhen trading Binance perpetual futures, there are several fees to consider. The first fee is the trading fee, which is charged when you open or close a position. The trading fee is calculated as a percentage of the contract value and varies depending on your trading volume. Binance offers a tiered fee structure, where higher trading volumes result in lower fees. Additionally, there is a funding fee, which is charged every 8 hours to ensure that the perpetual futures contract price closely tracks the underlying spot market price. The funding fee is determined by the interest rate difference between long and short positions and is paid by the traders with the losing position. Lastly, there may be withdrawal fees if you decide to withdraw your funds from the Binance platform. These fees vary depending on the cryptocurrency you are withdrawing. It's important to review the Binance fee schedule for the most up-to-date information on fees and discounts available.
- muha muhaAug 05, 2020 · 5 years agoThe fees associated with Binance perpetual futures can be broken down into trading fees, funding fees, and withdrawal fees. Trading fees are charged when you open or close a position and are calculated as a percentage of the contract value. The exact fee percentage depends on your trading volume, with higher volumes resulting in lower fees. Funding fees are charged every 8 hours and ensure that the perpetual futures contract price closely tracks the underlying spot market price. The funding fee is determined by the interest rate difference between long and short positions and is paid by the traders with the losing position. Withdrawal fees may also apply if you decide to withdraw your funds from the Binance platform. These fees vary depending on the cryptocurrency you are withdrawing. It's important to note that Binance offers a tiered fee structure, which means that the more you trade, the lower your fees will be.
- Rosemar MendozaJun 28, 2024 · 2 years agoWhen it comes to Binance perpetual futures, there are a few fees to consider. First, there's the trading fee, which is charged when you open or close a position. The trading fee is calculated based on your trading volume and is typically a percentage of the contract value. Binance offers a tiered fee structure, so the more you trade, the lower your trading fees will be. Additionally, there's the funding fee, which is charged every 8 hours. The funding fee ensures that the perpetual futures contract price closely tracks the underlying spot market price. The funding fee is determined by the interest rate difference between long and short positions and is paid by the traders with the losing position. Lastly, there may be withdrawal fees if you decide to withdraw your funds from the Binance platform. These fees vary depending on the cryptocurrency you are withdrawing. It's important to review the Binance fee schedule for the most accurate and up-to-date information on fees and any available discounts.
- Reuba Is dumbMar 02, 2023 · 3 years agoWhen trading Binance perpetual futures, you'll encounter a few different fees. First, there's the trading fee, which is charged when you open or close a position. The trading fee is calculated as a percentage of the contract value and varies based on your trading volume. Binance offers a tiered fee structure, so the more you trade, the lower your trading fees will be. Additionally, there's the funding fee, which is charged every 8 hours. The funding fee ensures that the perpetual futures contract price closely tracks the underlying spot market price. The funding fee is determined by the interest rate difference between long and short positions and is paid by the traders with the losing position. Lastly, there may be withdrawal fees if you decide to withdraw your funds from the Binance platform. These fees vary depending on the cryptocurrency you are withdrawing. It's important to check the Binance fee schedule for the most accurate and up-to-date information on fees and any available discounts.
- Hala AmrSep 09, 2025 · 4 months agoBYDFi, a digital asset exchange, offers perpetual futures trading with its own fee structure. The fees associated with BYDFi perpetual futures include a trading fee, funding fee, and withdrawal fee. The trading fee is charged when you open or close a position and is calculated as a percentage of the contract value. The funding fee is charged every 8 hours to ensure that the perpetual futures contract price closely tracks the underlying spot market price. The funding fee is determined by the interest rate difference between long and short positions and is paid by the traders with the losing position. Withdrawal fees may also apply if you decide to withdraw your funds from the BYDFi platform. These fees vary depending on the cryptocurrency you are withdrawing. It's important to review the BYDFi fee schedule for the most accurate and up-to-date information on fees and any available discounts.
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