When trading futures, fees are an unavoidable cost. Especially for frequent traders, fees add up and significantly impact profits. Understanding how fees work can save you a lot of money. Register on Binance first, then download the Binance APP to check the latest fee rates anytime.
Basic Concepts of Futures Fees
Binance futures trading fees are divided into two types:
Maker Fee
When you place a limit order that doesn't execute immediately but sits in the order book waiting for someone to fill it, you're the Maker. Makers provide liquidity, so they pay lower fees.
Taker Fee
When you place a market order or a limit order that fills immediately, you're the Taker. Takers consume liquidity, so they pay higher fees.
Current Fee Rates
Default rates for Binance USDT-margined futures:
| Type | Rate |
|---|---|
| Maker | 0.02% |
| Taker | 0.05% |
These are the rates for regular users. Higher VIP levels get lower rates.
How Are Fees Calculated?
Fee = Position Value x Fee Rate
Note: this is calculated on the position value, not your margin. If you use 10x leverage, your actual position value is 10 times your margin.
Example:
You open a long BTC position with 100 USDT and 10x leverage, so your position value is 1,000 USDT.
- Opening fee (Taker): 1,000 x 0.05% = 0.5 USDT
- Closing fee (Taker): 1,000 x 0.05% = 0.5 USDT
- Total round-trip fee: 1 USDT
How to Reduce Fees
1. Use Limit Orders More Often
Limit orders are more likely to be filled as Maker, reducing your rate from 0.05% to 0.02% — cutting fees by more than half.
2. Use BNB for Fee Deduction
Enable BNB fee deduction in settings for a 10% discount.
3. Level Up Your VIP Tier
Increase your VIP level through higher trading volume or holding more BNB — higher levels mean lower rates.
4. Register with a Referral Code
Registering with a referral code gets you fee rebates, effectively reducing your rate.
A Hidden Cost: Funding Rate
There's another often-overlooked cost in futures trading — the funding rate. It's settled every 8 hours, with longs and shorts paying each other. If you hold positions for extended periods, accumulated funding costs can exceed trading fees — definitely something to be aware of.