What are the fees for trading futures on Binance?

Fees Structure for Binance Futures Trading

1. Binance applies a tiered fee structure based on whether the user is a maker or a taker. Makers provide liquidity by placing limit orders that do not immediately execute, while takers remove liquidity by filling existing orders. The standard taker fee is 0.04%, and the maker fee is 0.02%. These rates may vary depending on the user’s 30-day trading volume and BNB holdings.

2. Users can reduce their fees by holding BNB in their account and enabling BNB fee discounts. When activated, this feature allows traders to pay fees in BNB, resulting in a 25% reduction. For instance, a standard maker fee of 0.02% drops to 0.015%, and the taker fee decreases from 0.04% to 0.03%.

3. VIP users benefit from even lower fees. Binance offers multiple VIP levels, each with progressively better rates. VIP levels are determined by a combination of trading volume and assets held on the platform. High-volume traders can negotiate custom fee structures through Binance’s API or direct contact with the sales team.

4. Funding rates are another cost component in futures trading. These periodic payments are exchanged between long and short position holders every eight hours. The rate depends on the difference between perpetual contract prices and spot prices. While not a direct trading fee, funding rates influence overall trading costs and should be monitored closely.

5. Withdrawal and deposit fees apply to transferring assets in and out of futures wallets. Most cryptocurrencies have no deposit fees, but withdrawal fees vary by network and asset. These fees are separate from trading fees but contribute to the total cost of managing a futures account.

Incentives and Fee Reduction Programs

1. Binance runs promotional campaigns that temporarily reduce or rebate trading fees. These programs often target new users or specific trading pairs. Participating in such campaigns can significantly lower effective fees over a short period.

2. The Binance Referral Program allows users to earn a percentage of their referrals’ trading fees. This can indirectly reduce net fees by generating passive income from others’ trading activity. Rates typically range from 10% to 20%, depending on the referred user’s trading volume.

3. Users who maintain a high BNB balance in their futures wallet qualify for additional fee discounts beyond the standard 25% reduction. This balance-based tiering system rewards long-term BNB holders with consistently lower transaction costs.

4. Binance occasionally offers zero-fee trading windows for select futures contracts. These limited-time events are announced through official channels and allow traders to execute positions without incurring standard maker or taker fees.

5. Automated market makers and high-frequency traders may qualify for rebates under Binance’s liquidity provider program. These rebates are designed to encourage consistent order book depth and are calculated based on contributed liquidity and trade execution quality.

Impact of Leverage on Fees

1. Leverage itself does not directly affect maker or taker fees. However, higher leverage increases position size, which amplifies the absolute fee amount paid per trade. A 10x leveraged position incurs ten times the fee of a spot-sized equivalent if the same price action occurs.

2. High leverage positions are more susceptible to liquidation, which triggers additional costs. When liquidation occurs, the entire position is closed at the mark price, often incurring slippage and de facto fees beyond the standard taker rate.

3. Funding payments scale with position size, meaning leveraged positions generate larger periodic costs or gains depending on the direction and prevailing funding rate. Traders using high leverage must account for compounding funding expenses over extended holding periods.

4. Some advanced order types, such as stop-market and take-profit orders, may incur taker fees upon execution. When used in leveraged positions, these fees can accumulate rapidly during volatile market conditions, especially if multiple orders are triggered in quick succession.

5. Margin adjustments in cross or isolated margin modes do not carry fees, but frequent adjustments may lead to repeated small trades that accumulate taker or maker costs over time, particularly in choppy markets.

Frequently Asked Questions

How can I check my current futures fee rate on Binance?Navigate to the futures trading interface, click on your profile icon, and select “Fee Rate.” This page displays your current maker and taker fees based on VIP level, trading volume, and BNB balance.

Does Binance charge fees for closing a futures position?Yes, closing a position incurs either a maker or taker fee depending on how the order executes. If your sell order matches existing liquidity, it’s a taker fee. If it adds to the order book, it qualifies as a maker fee.

Are fees different for USDⓈ-M and COIN-M futures contracts?The base fee structure is the same for both types. However, COIN-M contracts settle in cryptocurrency, which may lead to additional on-chain transaction costs when withdrawing profits.

Can I change my fee tier without increasing my trading volume?Yes, upgrading your BNB balance in the futures wallet can improve your fee tier. Additionally, applying for VIP status through institutional channels may grant lower fees based on asset holdings rather than trading activity.