What are the fees for trading futures on binance.us?
programming_with_A2Jan 02, 2022 · 3 years ago2 answers
Can you please provide a detailed explanation of the fees associated with trading futures on binance.us? I would like to know the different types of fees, how they are calculated, and if there are any discounts or promotions available.
2 answers
- Jan 02, 2022 · 3 years agoWhen it comes to trading futures on binance.us, there are a few fees to keep in mind. Firstly, there is a taker fee of 0.04% for all trading pairs. This fee is charged when you place an order that is immediately filled. Secondly, there is a maker fee of 0.02% for all trading pairs. This fee is charged when you place an order that is not immediately filled and adds liquidity to the order book. Additionally, there is a funding fee that is charged every 8 hours for open positions. The funding fee is determined by the funding rate and the position size. It is important to note that the funding fee can be positive or negative, depending on the market conditions. Binance.us also offers a fee discount program based on the user's BNB balance. By holding a certain amount of BNB, users can enjoy discounted trading fees. For the most accurate and up-to-date fee information, it is recommended to visit the Binance.us website.
- Jan 02, 2022 · 3 years agoAs an expert in the field, I can confirm that trading futures on binance.us incurs several types of fees. Firstly, there is a taker fee of 0.04% for all trading pairs. This fee is charged when you place an order that is immediately filled. Secondly, there is a maker fee of 0.02% for all trading pairs. This fee is charged when you place an order that is not immediately filled and adds liquidity to the order book. Additionally, there is a funding fee that is charged every 8 hours for open positions. The funding fee is determined by the funding rate and the position size. It is important to note that the funding fee can be positive or negative, depending on the market conditions. Binance.us also offers a fee discount program based on the user's BNB balance. By holding a certain amount of BNB, users can enjoy discounted trading fees. For the most accurate and up-to-date fee information, it is recommended to visit the Binance.us website.
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