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.
Binance is not permitted to operate in the United States. US customers can use Binance.US — a version of the exchange built for US users — though it supports fewer crypto assets than Binance.com and doesn’t offer crypto futures trading.
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 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 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
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.
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.
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.
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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