The following is a detailed explanation of Binance contract trading fees:
- Basic Trading Fees
U-based Contracts
Maker: 0.02%
Taker: 0.05%
Example: Total fees for opening and closing a market order are 0.1% (0.05%×2)
OKX is one of the three major global exchanges, register to enjoy a 20% reduction in trading fees!
OKX (Overseas) registration link: https://www.okx.com/join/97763692
OKX/Binance/Huobi - Register/Download: http://18907.cc
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: Typically 0.01%-0.05%, determined by the market's long and short position ratio.
Longs pay Shorts: When market sentiment is strongly bullish.
Shorts pay Longs: When market sentiment is strongly bearish. -
Leverage-related Fees
Liquidation Fees
A liquidation fee of 0.5% is charged when a position is forcibly liquidated (deducted from the remaining margin).
Borrowing Interest
Applicable only to coin-based contract leverage borrowing, interest is calculated hourly (interest rate is 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 Costs
In highly volatile markets, the actual transaction price may deviate from the expected price.
- Fee Reduction Methods
BNB Deduction
Holding BNB can enjoy up to a 25% discount on trading fees.
VIP Level
Increasing trading volume can elevate VIP level to reduce 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 for accuracy.