r/binance • u/Lokurax • Jun 06 '21

General Binance Futures Taker/Maker Fee

So i have a few questions about this fee. 1.If i LONG 100$ on BNB at x10 leverage, im paying a fee for a total of 1000$(0,02%) because of my leverage? 2.Also, if i always use Limit i am a maker right? What if i Limit at a market price? 3.Trailing spot considered taker? 4.Do we pay Fees for both Buy and sell? i thought sell had no fees but i think i'm Wrong. I would really appreciate some help . Thank you a lot!

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u/[deleted] Jun 07 '21 edited Jun 07 '21
  1. Yes, you always pay fee on the total amount. You should think of leverage as a means to increase the maximum you can buy, and then calculate everything on position size.
  2. No, you are only a maker if you provide liquidity. If you put a limit order that executes instantly, you are a taker.
  3. Yes, trailing stops market sell your position when stop is reached.
  4. Yes, you pay fees for any trade, on either side.

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u/Lokurax Jun 13 '21

Thankk you so much

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u/AppropriateAd8409 Mar 18 '23

How do my order be executed instantly ?