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How much do I have to pay for perpetual futures on Binance?

avatarMarwa OuelhaziDec 25, 2021 · 3 years ago3 answers

Can you please provide more information on the cost of perpetual futures on Binance? I would like to know how much I need to pay to trade perpetual futures contracts on the Binance exchange. What are the fees and charges associated with trading perpetual futures on Binance?

How much do I have to pay for perpetual futures on Binance?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    When trading perpetual futures on Binance, you will encounter several fees and charges. Firstly, there is a trading fee which is charged for each trade you make. The trading fee is typically a percentage of the trade value. Additionally, there might be funding fees if you hold a position overnight. These funding fees are used to maintain the price index of the perpetual futures contract. It's important to note that the fees and charges can vary depending on the specific perpetual futures contract and market conditions. To get the most accurate and up-to-date information on the fees, I recommend checking the Binance website or contacting their customer support.
  • avatarDec 25, 2021 · 3 years ago
    The cost of trading perpetual futures on Binance includes trading fees and potential funding fees. The trading fee is usually a small percentage of the trade value and is charged for each trade you make. Funding fees, on the other hand, are charged if you hold a position overnight. These fees are used to ensure that the perpetual futures contract remains in line with the underlying asset's price. It's important to carefully consider these fees when trading perpetual futures on Binance, as they can impact your overall profitability. For more detailed information on the fees and charges, I recommend visiting the Binance website or reaching out to their customer support.
  • avatarDec 25, 2021 · 3 years ago
    When trading perpetual futures on Binance, the fees and charges you will encounter include trading fees and potential funding fees. The trading fee is a small percentage of the trade value and is charged for each trade you make. Funding fees are charged if you hold a position overnight and are used to maintain the price index of the perpetual futures contract. It's important to note that the fees can vary depending on the specific perpetual futures contract and market conditions. To get the most accurate and up-to-date information on the fees, I recommend visiting the Binance website or contacting their customer support. If you're looking for a platform with competitive fees and a wide range of perpetual futures contracts, you might also consider checking out BYDFi, a popular cryptocurrency exchange.