Here is a detailed explanation of Binance contract trading fees:
- Basic Trading Fees
U-based Contracts
Maker: 0.02%
Taker: 0.05%
Example: The total fee for opening and closing a market order is 0.1% (0.05%×2)
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OKX (Overseas) registration link: https://www.okx.com/join/97763692
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Binance domestic registration: https://www.binance.com/zh-CN/join?ref=565010509
Coin-based Contracts
The fee rate is the same as U-based, but the fees are settled in the underlying currency (e.g., BTC)
-
Funding Rate (for perpetual contracts only)
Settlement mechanism: every 8 hours (UTC+8 04:00/12:00/20:00)
Rate range: usually 0.01%-0.05%, determined by the market's long and short position ratio
Longs pay shorts: when the market is bullish
Shorts pay longs: when the market is bearish -
Leverage-related Fees
Liquidation Fee
A liquidation fee of 0.5% is charged when a position is forcibly closed (deducted from the remaining margin)
Borrowing Interest
Applicable only to coin-based contract leverage borrowing, calculated hourly (interest rate dynamically adjusted)
- Other Potential Fees
Negative Balance Interest
If the account's negative balance exceeds the VIP level threshold, interest is charged daily at 08:00 (UTC+8) at the leverage rate
Formula: Interest Cost = |Negative Balance| × Daily Interest Rate
Slippage Cost
In highly volatile markets, the actual execution price may deviate from the expected price
- Fee Discount Methods
BNB Deduction
Holding BNB can enjoy up to a 25% discount on fees
VIP Level
Increasing trading volume can lower rates (e.g., VIP1 maker fee 0.018%)
Notes
High-frequency traders should pay special attention to funding rates and accumulated slippage costs
It is recommended to use limit orders to reduce taker fee losses
Fee rules may be adjusted, please refer to the "Fee Explanation" in the Binance app.