How Much Are Binance Futures Trading Fees Exactly?

2026/4/6 19 min

Futures trading fees are often the most overlooked cost in long-term trading. A single trade might seem cheap, but for frequent traders, monthly fees can eat up 5-10% or even more of their account balance. Many people only know that the Binance futures rate is 0.04% or 0.02%, but they don't know why there are two numbers or how to lower them. In fact, Binance's fee structure depends on whether you are a Maker or a Taker, your VIP level, whether you use BNB for deductions, and if you used a rebate link. Combined, the actual rate can be compressed from 0.04% to 0.017% or even lower. This article explains the fee structure in depth and provides specific paths to reduce costs. To check your account's current rates, log in to the Binance official site and go to the "Fees" page in your futures account. You can also check via the Binance official APP on mobile; if you don't have the app on iPhone, check the iOS installation guide first.

Difference Between Maker and Taker

You must understand these two terms before the rest of the fee system makes sense.

Maker: Your order does not fill immediately; instead, it sits in the order book waiting for a counterparty. For example, if the current BTC price is 60,000 and you place a limit buy order at 59,900, this order enters the book and provides liquidity. You only pay the Maker fee when someone else sells to you at 59,900. You are a "Maker" because you provide liquidity to the market.

Taker: Your order fills immediately by consuming liquidity already in the book. For example, if someone is selling BTC at 60,000 and you place a market buy order or a limit buy at 60,000, it fills instantly. You are a "Taker" because you take liquidity away from the market.

Binance (and most exchanges) encourages Makers and tries to limit the number of Takers, so the Maker fee is always lower than the Taker fee.

USDⓈ-M Perpetual Futures Base Rates:

Maker: 0.02%
Taker: 0.04%

Coin-M Perpetual Futures Base Rates:

Maker: 0.02%
Taker: 0.04%

Delivery Contract Base Rates:

Maker: 0.02%
Taker: 0.04%

These base rates apply to VIP 0 level, which is where everyone starts when they first enter Binance Futures.

Lowering Fees via VIP Levels

Binance divides VIP levels based on your 30-day futures trading volume and BNB holdings. The higher the level, the lower the fees.

VIP 0 (Base): 0.02% / 0.04% VIP 1: 0.016% / 0.04% (Requires 30d futures volume ≥ 15M USDT, or holding 25 BNB) VIP 2: 0.014% / 0.035% (Requires 30d futures volume ≥ 50M USDT, or holding 100 BNB) VIP 3: 0.012% / 0.032% (Requires 30d futures volume ≥ 100M USDT) VIP 4: 0.01% / 0.03% VIP 5: 0.008% / 0.027% VIP 6: 0.006% / 0.025% VIP 7: 0.004% / 0.022% VIP 8: 0.002% / 0.02% VIP 9: 0% / 0.017%

VIP 9 requires a 30-day futures volume of around 25 billion USDT, which is out of reach for most retail traders.

Most retail traders stay at VIP 0 or VIP 1 for a long time. If your monthly volume reaches 15 million USDT (averaging 500k per day), you hit VIP 1, and your Maker fee drops to 0.016%.

BNB Fee Deduction

When you enable BNB deduction, trading fees are paid in BNB at a 10% discount.

How to enable:

Go to the Futures account settings page.
Find the "Trading Fees" or "Fees" option.
Turn on the "Use BNB to pay for fees" switch.
Ensure you have enough BNB in your Spot or Futures wallet.

Actual Rates (VIP 0 + BNB Deduction):

Maker: 0.02% × 0.9 = 0.018%
Taker: 0.04% × 0.9 = 0.036%

Note: The BNB deduction discount for USDⓈ-M contracts has been adjusted in the past; currently, the 10% discount applies to most users. Refer to Binance's current policy for specifics.

Lowering Fees via Rebate Links

This is the part retail traders most often overlook.

Binance has a referral rebate mechanism: if you sign up via a specific rebate link, the inviter receives a portion of your fees, but Binance allows them to share a part of that rebate back with you.

Typical Rebate Ratio: 10-20%.

Actual Effect: For a VIP 0 Taker fee of 0.04%, using a 20% rebate link means your effective cost is 0.04% × (1 - 0.2) = 0.032%.

Where can you find such links? Binance partners, content creators, and crypto KOLs often provide them. Choose a reliable source and check the rebate ratio before registering.

Note: The rebate link must be used during registration. Existing accounts cannot be bound to a referral relationship unless you apply through customer service (which is usually not approved).

Optimization Combo

Stacking the above methods can compress your actual fee to 40-50% of the base rate.

Example: VIP 0 Retail Trader:

Default: Taker 0.04%, Maker 0.02%
With BNB Deduction: Taker 0.036%, Maker 0.018%
Plus 20% Rebate: Taker 0.0288%, Maker 0.0144%

The Maker fee drops from 0.02% to 0.0144%, a saving of 28%.

Example: VIP 1 User:

Default: Taker 0.04%, Maker 0.016%
With BNB Deduction: Taker 0.036%, Maker 0.0144%
Plus 20% Rebate: Taker 0.0288%, Maker 0.01152%

The Maker fee drops to 0.0115%.

Impact of Fees on P&L

Many think 0.04% is nothing, but let's look at the actual numbers.

Scenario 1: A Round-Trip Trade

You open a 10,000 USDT position (100 USDT margin, 100x leverage) using Taker for both entry and exit.

Opening fee: 10,000 × 0.04% = 4 USDT Closing fee: 10,000 × 0.04% = 4 USDT Total fees: 8 USDT

Since your margin is 100 USDT, the fee is 8% of your margin. This means even if the price doesn't move, you lose 8% of your margin just by opening and closing the trade once.

Scenario 2: High-Frequency Day Trading

You do 10 round-trip trades a day, each with a 10,000 USDT position, using a Taker strategy:

Daily fees: 10 × 8 = 80 USDT Weekly: 560 USDT Monthly: 2,400 USDT

If your account balance is only 1,000 USDT, your monthly fees are 2.4 times your account balance. This is the fee trap of high-frequency trading.

Scenario 3: Trading as a Maker

Under the same conditions, using limit orders to act as a Maker (0.02% fee):

Opening fee: 10,000 × 0.02% = 2 USDT Closing fee: 10,000 × 0.02% = 2 USDT Total fees: 4 USDT

This saves half compared to Taker. For high-volume traders, this gap is significant.

Practical Advice for Lowering Fees

1. Use Limit Orders Whenever Possible

All exchanges reward Makers. Get into the habit of placing limit orders rather than blindly using market orders. The convenience of market orders comes at the cost of roughly double the fees.

2. Enable BNB Deduction

Paying fees with BNB automatically grants a 10% discount. Keep enough BNB in your account. Since BNB can be used for other Binance benefits, the holding cost is low.

3. Register with a Rebate Link

New accounts must be registered through a rebate link. Existing accounts can only switch to a new one (not recommended, as you lose history and VIP progress).

4. Accumulate Volume for VIP Status

Meeting either the trading volume or BNB holding requirement upgrades your status. Small-capital users can reach VIP 1 by holding BNB.

5. Avoid High-Frequency Strategies

Don't trade frequently unless you have a clear win-rate advantage and your strategy remains profitable after fees. Most retail traders doing 10+ trades a day are essentially working for the exchange.

FAQ

Q1: Are futures fees the same as spot fees?

No. Spot fees default to 0.1% (without BNB deduction), while futures default to 0.02-0.04%. Futures fees are lower because volume is higher and liquidity is more critical.

Q2: Is the funding rate considered a trading fee?

No. The funding rate is a payment between long and short positions; Binance does not collect this money. However, it is indeed a cost of holding your position.

Q3: What happens if my BNB balance is insufficient for the fee?

The system will automatically pay in USDT at the standard rate for that pair, with no discount. It's best to check your BNB balance before trading.

Q4: Are there fees for liquidation?

Yes. Liquidation fees are usually slightly higher than standard Taker rates (around 0.05%). This is why it's better to close positions manually before liquidation—the liquidation fee is the final blow.

Q5: Is the fee calculated based on margin or position value?

It is based on the nominal value of the position. For a 100 USDT margin with 10x leverage, the fee is calculated on 1,000 USDT, not 100 USDT.

Q6: Are delivery contract fees the same as perpetuals?

The base rates are the same (Maker 0.02%, Taker 0.04%). However, delivery contracts settle automatically at expiry without an extra delivery fee.

Summary

Fees might look like small change per trade, but they are the largest hidden cost for long-term users. Base rates are 0.02% for Makers and 0.04% for Takers, which can be reduced to 0.0144%/0.0288% through BNB deduction and rebate links. Two must-do actions for beginners: enable BNB deduction and register via a rebate link. In daily trading, use limit orders more and market orders less to cut your fees in half. Don't underestimate these few percentage points; they can add up to thousands of USDT over a year. Minimizing costs is always the first priority.