Are you feeling the burden of fees while starting Binance futures trading? For those who have applied discount codes but wonder how much they’re actually saving, we’ll explain in detail how to accurately calculate your cashback.
Understanding Binance Futures Trading Basic Fee Structure
Binance futures trading fees are divided into Maker and Taker. Makers are limit orders that provide liquidity to the order book, while Takers are market orders that execute immediately.
The basic fee rate for regular users is 0.02% for Makers and 0.05% for Takers. While fees decrease gradually as your VIP level increases, most individual traders are subject to the basic fee rate.
Fee Changes When Applying Discount Codes
When you apply a Binance futures trading discount code, you can receive additional discounts from the base fee. Discount rates vary by code but typically range from 10-20%.
For example, with a 20% discount code applied:
- Maker: 0.02% → 0.016%
- Taker: 0.05% → 0.04%
How to Calculate Actual Cashback Amount
Step-by-Step Calculation Process
Step 1: Check Trading Volume First, check your daily or monthly trading volume. This can be confirmed in your Binance futures trading history.
Step 2: Calculate Base Fee Trading volume × Fee rate = Base fee
Step 3: Calculate Fee After Discount Trading volume × (Fee rate × Discounted rate) = Discounted fee
Step 4: Calculate Actual Savings Base fee - Discounted fee = Cashback amount
Calculation Example
Assuming you trade 10,000 USDT daily:
Based on Taker orders:
- Base fee: 10,000 × 0.0005 = 5 USDT
- With 20% discount: 10,000 × 0.0004 = 4 USDT
- Daily savings: 1 USDT
Converting to a 30-day monthly basis, you can save 30 USDT.
Ways to Maximize Cashback Effect
Utilizing Maker Orders
Since Maker fees are lower than Taker fees, actively using limit orders can reduce fees. Especially for scalpers or day traders where cumulative fees are significant, increasing the proportion of Maker orders is advantageous.
Combining BNB Fee Discount
Paying fees with BNB gives you an additional 10% discount. Applying both discount codes and BNB discount simultaneously can further reduce fee burden.
Managing VIP Level by Trading Volume
VIP level is determined by 30-day trading volume and BNB holdings. High-volume traders should check VIP level requirements to see if they can qualify for lower fee rates.
Precautions and How to Verify
You can verify whether discount codes are applied in your Binance account settings. Fee details can be checked for each individual trade in your trading history, and you can download to Excel to calculate exact total fees.
For cashback programs, payment cycles and methods vary by provider, so be sure to check the terms and conditions. Some programs may have minimum trading volume requirements.
Cryptocurrency trading carries risk of principal loss due to high volatility, so careful investment decisions are necessary.
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