Crypto Futures Trading Fees Explained: OKX and Binance Rates and How to Pay Less
What OKX and Binance charge on USDT perpetual futures for maker and taker orders, how futures fees are calculated, how many times you pay per trade, how large fees are relative to risk in day trading, and how VIP tiers, BNB discounts and sign-up rebates lower your costs.
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Futures fee = traded notional × fee rate, charged once on entry and once on exit. For regular users, OKX and Binance both charge 0.02% maker and 0.05% taker on USDT perpetuals. That looks tiny, but it is charged on notional, so it matters for day trading with tight stops and frequent trades.
Maker and taker rates
A maker order rests in the order book and waits to be filled; a taker order fills immediately against the book, and market orders are always taker. At the time this article was updated, OKX and Binance both charge regular users 0.02% maker and 0.05% taker on USDT perpetual futures.
Rates change with VIP tiers, promotions and exchange rules, so the fee page on the exchange and the rate shown in your account are what count. Cancelling an unfilled order costs nothing.
How the fee is calculated
Fee per fill = quantity × fill price × fee rate, that is, traded notional × fee rate. It has nothing directly to do with your leverage or how much margin you post. You pay once on entry and again on exit.
A hypothetical example: a 5,000 USDT notional position opened and closed with market orders pays about 5,000 × 0.05% × 2 = 5 USDT. If it used 20x leverage (250 USDT margin), the round trip costs 2% of the margin.
How big fees are in day trading
Day trades are short and stops are relatively tight, so fees are a larger share of risk. In the example above, with a 1% stop the trade loses 50 USDT at the stop plus about 5 USDT in fees, which adds 10% to the risk of every trade. The tighter the stop and the more often you trade, the higher that share.
The platform enters with market orders: it only places the order when the current price is within 0.3% of the signal price, and fills immediately when the price is better. That pays the taker rate, but in exchange the trade is certain to fill when the signal fires, instead of missing the move while a limit order sits unfilled.
Live net PnL already includes fees
Net PnL on this site's Live Performance page comes from exchange settlement and already deducts trading fees and funding. Users' live accounts on the platform have closed 112 trades so far with a combined net PnL of +117.53 USDT.
Funding is not a trading fee: it is paid between longs and shorts, the exchange takes none of it, and it only applies to positions held at a settlement time. Most intraday positions close within hours and may never cross one.
How to pay less
First, exchange VIP tiers: they are based on 30-day trading volume or assets, and higher tiers pay lower rates. Second, on Binance, paying USDⓈ-M futures fees with BNB gives a 10% discount, as long as the BNB sits in your USDⓈ-M futures wallet.
Third, new users signing up through a referral link may receive a fee rebate; this site's OKX benefits page explains it, eligibility and rates follow the campaign page, and the rebate does not raise your fee rate. Fourth, skip unnecessary trades: every fee is a certain cost, while the profit is not.
#Trading costs #OKX #Binance
- Do I pay a fee to cancel an order?
- No. Only filled quantity is charged; cancelling an unfilled order costs nothing.
- Is funding a trading fee?
- No. Funding is paid between longs and shorts and the exchange does not collect it; trading fees are what the exchange charges on each fill.
- Does signing up through a referral link change my fee rate?
- No. The rebate is calculated separately under the campaign rules, and your trading fee rate follows the exchange's normal tiers; check the campaign page and your account for the actual figures.