Binance futures fees are Maker 0.02% and Taker 0.05%—enabling BNB deductions grants a 25% discount (becoming 0.015% / 0.0375%). The higher the VIP level, the lower the rate. When trading frequently, the accumulated fee costs can be huge—ranging from 5-30% annualized. Register an account via the official Binance site, get the APK via the official Binance APP, and view the cross-platform process at the Download Center.
USD-M Futures Fee Table
| VIP Level | 30-Day Trading Volume (USD) | Maker | Taker |
|---|---|---|---|
| Regular | < $15M | 0.02% | 0.05% |
| VIP 1 | ≥ $15M | 0.016% | 0.04% |
| VIP 2 | ≥ $50M | 0.014% | 0.0375% |
| VIP 3 | ≥ $250M | 0.012% | 0.0325% |
| VIP 4 | ≥ $1B | 0.010% | 0.030% |
| VIP 5 | ≥ $2.5B | 0.0080% | 0.0275% |
| VIP 6 | ≥ $5B | 0.006% | 0.025% |
| VIP 7 | ≥ $12.5B | 0.004% | 0.0225% |
| VIP 8 | ≥ $25B | 0.002% | 0.020% |
| VIP 9 | ≥ $50B | 0.000% | 0.017% |
Regular users pay 0.02% / 0.05%.
Coin-M Futures Fees
Coin-M futures fees are slightly different:
| VIP Level | Maker | Taker |
|---|---|---|
| Regular | 0.01% | 0.05% |
| VIP 1 | 0.008% | 0.045% |
| VIP 2 | 0.005% | 0.04% |
Coin-M Maker rates are lower than USD-M (to encourage liquidity in the Coin-M market).
Maker vs Taker
Maker (Order Maker)
- Limit orders waiting to be filled
- Provides market liquidity
- Lower fee rate
Taker (Order Taker)
- Market orders executed immediately
- Limit orders immediately matching existing orders
- Higher fee rate
The gap between Maker and Taker fees in futures is larger than in spot trading:
- Spot: 0.1% / 0.1% (no gap)
- Futures: 0.02% / 0.05% (2.5x difference)
Frequent traders prefer using Maker orders to save on fees.
BNB Deductions
Futures also support BNB deductions, offering a 25% discount:
| Level | Maker (with BNB) | Taker (with BNB) |
|---|---|---|
| Regular | 0.015% | 0.0375% |
| VIP 1 | 0.012% | 0.030% |
| VIP 2 | 0.0105% | 0.028% |
To enable: Account Settings → Fee Deduction → Enable BNB.
Actual Fee Calculation
Regular User Opening + Closing a Position
Position value 10,000 USDT, 10x leverage (Margin 1000):
- Open: Taker 0.05% × 10,000 = 5 USDT
- Close: Taker 0.05% × 10,000 = 5 USDT
- Total Fees: 10 USDT
Relative to the 1000 margin: a 1% cost.
Frequent Trading (5 Open/Close Cycles a Day)
- Every Open + Close = 10 USDT in fees
- 5 times a day = 50 USDT
- 30 days a month = 1500 USDT
- Relative to 1000 USDT principal, an annualized fee of 150%
Fees for frequent trading are extremely high.
Difference When Using Maker Orders
If you use limit orders and wait for execution (Maker):
- Open Maker: 0.02% × 10,000 = 2 USDT
- Close Maker: 0.02% × 10,000 = 2 USDT
- Total: 4 USDT (vs Taker's 10 USDT)
Saves 60%.
But limit orders might be slow to fill.
Adding Funding Rates
The "actual cost" of futures = Fees + Funding Rates:
Funding Rate Costs
Charged every 8 hours:
- Standard: ±0.01-0.05% / 8 hours
- Extreme Markets: ±0.1-1%
Based on holding for 1 week (21 settlements):
- Standard: ±0.21-1.05%
- Extreme: ±2.1-21%
Comparison with Other Exchanges
Mainstream exchange futures fees (Regular Users):
| Exchange | Maker | Taker |
|---|---|---|
| Binance | 0.02% | 0.05% |
| Binance + BNB | 0.015% | 0.0375% |
| OKX | 0.02% | 0.05% |
| Bybit | 0.02% | 0.055% |
| dYdX | 0.02% | 0.05% |
Binance's futures fee rates are on par with mainstream exchanges.
Relationship Between Futures PnL vs Fees
Short-Term Trading
- High frequency (multiple times a day)
- Fees account for a high proportion of profits (possibly 20-50%)
- Must use Maker + high VIP level
Mid-Term Holding
- Several hours to several days
- Fees account for a low proportion (5-10%)
- But funding rates will accumulate
Long-Term Holding
- Several weeks to months
- Fees are almost negligible
- But accumulated funding rates can be massive
- Better off just trading spot
Futures are not suitable for long-term holding—the cost of accumulated funding rates outweighs the fee savings.
The Reality of Elevating VIP Levels
For a regular retail investor to reach VIP 1 ($15M 30-day futures volume):
- $15M USD = 100 million RMB
- A regular retail investor cannot achieve this
- 30 days of net losses could also reach this trading volume (back and forth trading)
So regular users basically stay at VIP 0.
How to Save on Futures Fees
1. Enable BNB Deductions
Saves 25%. The simplest optimization.
2. Use Maker Orders
Placing limit orders and waiting for execution is 60% cheaper than market orders. But requires understanding the order book.
3. Reduce Trading Frequency
- Don't "test the waters" in and out
- Lengthen holding times
- Reduce the number of times fees are charged
4. Choose Lower-Fee Futures
- BTC / ETH futures have the same fees as smaller coins
- But they have better liquidity and smaller slippage
- More economical overall
5. Don't Trade Futures
The ultimate money-saving method.
Hidden Costs
1. Slippage
- Large market orders might have a slippage of 0.05-1%
- Higher than fees
2. Funding Rates
- Long-term holding can have a 10-100% annualized rate
- Much higher than fees
3. Psychological Costs
- Anxiety, insomnia, impacting life
- Hard to quantify but very real
The actual "total cost of trading futures" far exceeds the paper fees.
Frequently Asked Questions
Q: Are futures or spot fees higher? A: Taker seems higher for futures (0.05% vs 0.1%)—wait, spot is 0.1%, so futures are actually lower. But accumulated fees from high-frequency futures trading are higher than long-term spot holding.
Q: Are limit orders always Maker? A: Not necessarily. If a limit order's price immediately matches an existing order (like a buy price ≥ the lowest ask), it is still a Taker.
Q: How do BNB deductions specifically affect futures? A: When deducting fees, BNB is used first, calculating a 25% discount based on the market price.
Q: Can futures losses be counted as fee rebates? A: No. Losses are losses, and fees are charged according to the rules.
Q: How many fees are taken from futures PnL? A: Fees for opening + closing (two times). PnL is calculated separately.
Q: Do API users have special futures rates? A: Maker orders might enjoy lower rates (for certain VIP levels). Regular users have no differences.
Summary
Binance futures fees are Maker 0.02% / Taker 0.05%—enabling BNB deductions gives a 25% discount (becoming 0.015% / 0.0375%). Maker is 60% cheaper than Taker—frequent traders prefer limit orders. Regular retail investors basically stay at VIP 0. Frequent trading fees are extremely high—opening and closing 5 times a day reaches 150% annualized. Keys to saving money: BNB deductions + Maker orders + reducing trading frequency. But the true costs of futures are slippage + funding rates + psychological burden, far exceeding the fees. The safest bet for beginners is not to trade futures.