Binance futures fees explained

Binance lets you trade futures contracts that are settled in either stablecoins or cryptocurrencies like bitcoin (BTC) and ether (ETH).

While the maker and taker fees for buying and selling these two types of contracts are similar, the process of calculating the Binance futures fees for each is different.

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What are the fees on Binance futures?

Binance offers two types of futures contracts: USDⓈ-M Futures and COIN-M Futures.

These two types of futures contracts differ in the assets used to settle them as well as their fee structures.

Maker and taker fees for trading both types of futures contracts vary depending on your 30-day trade volume and the amount of BNB you hold.

How to trade futures on Binance — A beginner’s guide

USDⓈ-M Futures

USDⓈ-M Futures are settled in stablecoins such as USDT.

For “Regular Users” — anyone who trades less than $15 million in a 30-day period or owns less than 25 BNB — you’ll pay a 0.02% maker fee and a 0.05% taker fee on USDⓈ-M Futures trades.

If you use BNB to pay for your USDⓈ-M Futures trades, you’ll receive a 10% discount.

COIN-M Futures

COIN-M Futures are settled in cryptocurrencies like bitcoin (BTC) or ether (ETH).

The maker and taker fees for COIN-M Futures trading fees are the same as those for USDⓈ-M Futures trades — 0.02% and 0.05%, respectively.

There is no discount for paying for your COIN-M Futures trades with BNB.

A guide to Bitcoin futures trading

How to calculate Binance futures fees

The processes for calculating fees for trading USDⓈ-M and COIN-M Futures are different.

The following is a breakdown of how to calculate fees for USDⓈ-M Futures and COIN-M Futures manually. You can also use the Binance Futures calculator the exchange provides to help you do this.

Binance USDⓈ-M Futures fees calculation

To calculate the fee for a USDⓈ-M Futures trade, multiply your position size by your entry price and then multiply that number by your maker or taker fee.

The following is an example.

Let’s say you’re a “Regular User” and want to open a 0.01 BTC long position at $44,000.

To figure out your trading fee, multiply your position size (0.01 BTC) by your entry price ($44,000). This gives you your long position, which is 440 USDT in this case.

Then multiply 440 USDT by the maker fee (0.02%), and you get 8.8 USDT, which is your fee.

Binance COIN-M Futures fees calculation

To calculate the fee for a COIN-M Futures trade, start by dividing the price of the futures contract by your entry price. Then, divide that number by the price of the futures contract before multiplying it by the maker or taker fee.

The following is an example.

Let’s say you’re a “Regular User” who bought a BTCUSD contract for $43,500 that is worth $150.

To figure out your trading fee, divide the contract price ($150) by the entry price ($43,500). This gives you your position size, which comes out to 0.00344828 BTC in this case.

Then, divide 0.00344828 by 150 before multiplying it by the taker fee (0.05%). This comes out to 0.00000115 BTC, which is your fee.

Bottom line

Binance is one of the biggest crypto futures trading platforms in the world, as it supports futures contracts for dozens of different crypto assets.⁽¹⁾

Before using the platform, make sure that you not only understand how to calculate your futures trading fees but that you also fully understand the risks involved with trading crypto futures — or trading cryptocurrency in general. If Binance isn’t right for you, consider what other crypto exchanges have to offer.

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Frequently asked questions

• What are the fees on Binance futures?

  The fees on Binance futures vary depending on your 30-day trading volume, the amount of BNB you hold, your position sizes and a number of other factors. The process of calculating your Binance futures trading fees differs depending on whether you trade USDⓈ-M Futures or COIN-M Futures.

• Is Binance good for futures?

  Binance is the biggest crypto exchange in the world when it comes to futures trading volume. It's developed a good reputation for futures trading and supports crypto futures contracts for dozens of crypto assets.

• Are Binance trading fees high?

  Binance trading fees are low compared to fees on other crypto exchanges. You can also reduce your trading fees on the exchange by paying for your trades with BNB.

• What are the fees on futures?

  Futures fees vary by exchange but are typically well under 0.1%. Factors such as your 30-day trading volume and the amount of BNB you hold will affect your futures fees on Binance Futures.

To make sure you get accurate and helpful information, this guide has been edited by Matt Miczulski as part of our fact-checking process.

Written by

Frank Corva

Writer

Frank Corva is business-to-business (B2B) correspondent for Bitcoin Magazine and formerly the cryptocurrency writer and analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets. See full bio