Here's the short answer: Binance's default VIP 0 rate for USDⓈ-M futures is Maker 0.02% / Taker 0.05%, and Coin-M futures are also 0.02% / 0.05%. There's a funding rate settlement every 8 hours on top of that. Turning on BNB fee deduction gets you an extra 10% discount (on USDⓈ-M futures). For a 1,000 USDT futures position, the combined open + close fee comes to roughly 0.7-1 USDT. Start at the Binance Official Site, Android users can go through the Official Binance App, and iPhone users should check the iOS Installation Guide.
Below we'll break down every component of futures fees and exactly how they're calculated.
Type 1: Trading fees
Charged every time you open or close a position, calculated based on the value of the position filled. Split into Maker and Taker rates.
Type 2: Funding rate
Only exists for perpetual futures. Settled every 8 hours, paid between longs and shorts directly — Binance itself doesn't collect it (though it does take a small cut).
A lot of beginners only pay attention to trading fees and ignore the funding rate, only realizing after holding a position for a while that the actual cost is far higher than expected.
VIP 0 users:
| Item | Maker | Taker |
|---|---|---|
| USDⓈ-M Perpetual | 0.02% | 0.05% |
| USDⓈ-M Delivery | 0.02% | 0.05% |
| With BNB deduction on | 0.018% | 0.045% |
Rates drop further as your VIP tier goes up:
| VIP Tier | Maker | Taker |
|---|---|---|
| VIP 0 | 0.0200% | 0.0500% |
| VIP 1 | 0.0160% | 0.0400% |
| VIP 2 | 0.0140% | 0.0350% |
| VIP 3 | 0.0120% | 0.0320% |
| VIP 4 | 0.0100% | 0.0300% |
| VIP 5 | 0.0080% | 0.0270% |
| VIP 6 | 0.0060% | 0.0250% |
| VIP 7 | 0.0040% | 0.0220% |
| VIP 8 | 0.0020% | 0.0200% |
| VIP 9 | 0.0000% | 0.0170% |
Upgrade conditions: 30-day futures trading volume plus BNB holdings.
Coin-M futures use coins like BTC, ETH, or BNB as margin. Default VIP 0 rates:
| Item | Maker | Taker |
|---|---|---|
| Coin-M Perpetual | 0.020% | 0.050% |
| Coin-M Delivery | 0.020% | 0.050% |
BNB deduction on Coin-M futures isn't always as straightforward as on USDⓈ-M futures — it's only available during certain periods.
Maker: You add liquidity. When your limit order sits in the order book waiting to be filled, and someone else's order matches against it, you're the Maker.
Taker: You remove liquidity. When you place a market order, or a limit order whose price immediately matches an existing order, you're the Taker.
In practice:
The POST-ONLY option guarantees you only ever act as a Maker. If the order would fill immediately (making you a Taker), the system cancels it outright.
Example 1: Opening a 1,000 USDT BTC long (10x leverage)
Position value: 10,000 USDT
Opening Taker fee: 10,000 × 0.05% = 5 USDT
Opening Taker fee (with BNB deduction): 10,000 × 0.045% = 4.5 USDT
Closing Taker fee (with BNB deduction): 10,000 × 0.045% = 4.5 USDT
Total fee for opening plus closing (with BNB deduction): 9 USDT, or 0.9% of your margin (1,000 USDT)
Example 2: Opening a 1,000 USDT BTC long (50x leverage)
Position value: 50,000 USDT
Total fee for opening plus closing (BNB deduction, Taker): 50,000 × 0.045% × 2 = 45 USDT, or 4.5% of your margin
Example 3: Opening a 1,000 USDT BTC long (100x leverage)
Position value: 100,000 USDT
Total fee for opening plus closing: 100,000 × 0.045% × 2 = 90 USDT, or 9% of your margin
You can see that the higher your leverage, the higher fees eat into your margin as a percentage. At 100x leverage, the wear from just opening and closing once eats up nearly 10% of your principal.
The funding rate is a cost unique to perpetual futures, designed to anchor the perpetual contract price to the spot price.
How it works:
Settled every 8 hours: 00:00, 08:00, and 16:00 UTC (08:00, 16:00, and 00:00 Beijing time).
If the funding rate is positive: longs pay shorts.
If the funding rate is negative: shorts pay longs.
Payment amount = position value × funding rate.
Example: BTC/USDT funding rate is +0.01% (longs pay shorts), and you're holding a 50,000 USDT long position.
Deducted after 8 hours: 50,000 × 0.01% = 5 USDT
Three settlements over 24 hours: 5 × 3 = 15 USDT/day
Over a month (30 days): 15 × 30 = 450 USDT, or 9% of your initial 5,000 USDT margin
The funding rate isn't fixed:
Next to each trading pair's name on the Binance futures page, you'll see the "Next Funding Rate" and a countdown timer.
Historical funding rates:
Go to "Futures Info" → "Funding Rate History" to see the historical funding rate trend for any coin.
Ways to avoid a high funding rate:
Method 1: Close your position a few minutes before settlement. For example, close at 15:55 to avoid the 16:00 settlement. But if you reopen right away, you'll still be on the hook for the next one.
Method 2: Choose a coin or direction with a lower funding rate.
Method 3: Use delivery futures instead of perpetual futures. Delivery contracts have no funding rate, but they do have an expiration date.
Method 4: Hedge spot against futures (basis arbitrage). Used by professional traders, this lets you collect the funding rate instead of paying it.
The total cost of a full round trip in futures = opening fee + closing fee + funding fees during the holding period + slippage.
Here's a typical beginner scenario:
100 USDT margin + 10x leverage BTC long + held for 3 days + Taker on both sides.
Position value: 1,000 USDT
Opening Taker fee: 1,000 × 0.045% = 0.45 USDT
Closing Taker fee: 1,000 × 0.045% = 0.45 USDT
3 days of funding fees (at +0.01%): 1,000 × 0.01% × 9 = 0.9 USDT
Total cost: 1.8 USDT, or 1.8% of your margin
In other words, even if price doesn't move at all over 3 days, you still lose 1.8%. BTC has to rise 0.18% just for you to break even.
Go to "Futures Settings" → turn on "Use BNB to Pay Fees."
Once enabled:
To actually benefit from the discount, you need BNB in your futures wallet. It's recommended to keep BNB equal to 1-3% of your margin (for example, with 1,000 USDT in margin, hold 10-30 USDT worth of BNB).
Note: the BNB deduction toggle for futures is separate from the one for spot — you need to set them independently.
Strategy 1: Use limit orders instead of market orders (to get the Maker discount)
At VIP 0, Maker's 0.02% is 60% cheaper than Taker's 0.05%. Placing limit orders and waiting for them to fill can save you more than half your fees.
But be careful: limit orders might not fill at all, and missing the move can cost you more than the fees you saved.
Strategy 2: Use POST-ONLY to force Maker status
POST-ONLY mode guarantees you never end up as a Taker. The advantage of being a Maker becomes even more pronounced above VIP 1.
Strategy 3: Hold longer positions to dodge the funding rate
Close your position 5 minutes before settlement to avoid being charged. But reopening costs a fee too, so it's a trade-off.
Strategy 4: Use delivery futures instead of perpetual
Delivery contracts have no funding rate. If you're betting on a 1-3 month trend, a quarterly delivery contract might end up cheaper than a perpetual one.
Strategy 5: Apply for market maker status
VIP 4+ users can apply for market maker status, unlocking even lower rates or even a Maker rebate. This is out of reach for ordinary retail traders.
Q: Are futures fees lower than spot fees? A: Yes. The USDⓈ-M futures Taker rate of 0.05% is half of spot's 0.1%. But since leverage magnifies your position value, the fee as a percentage of your margin actually ends up higher.
Q: How many times a day is the funding rate charged? A: By default, every 8 hours, 3 times a day. In extreme market conditions, Binance may temporarily shorten it to every 4 hours or even every hour.
Q: How do I check the upcoming funding rate? A: The futures page displays a "Next Settlement Rate," which is an estimate. The actual settlement uses whatever the real data is at that moment.
Q: Are futures fees deducted in USDT or BNB? A: Without BNB deduction turned on, fees come out of your futures wallet in USDT; with it turned on, they're deducted in BNB.
Q: Does an unfilled limit order get charged a fee? A: No. Fees are only charged when an order actually fills. Canceling an order is free.
Q: Does the referral rebate apply to futures? A: Yes. Referral rebates apply to both spot and futures trading at the same time. The referred user gets a 10-30% discount, and the referrer keeps the remaining share.
Q: Are take-profit/stop-loss orders charged as Maker or Taker when triggered? A: A take-profit/stop-loss order set as a market-type order is a Taker when triggered; one set as a limit-type order could be either a Maker or a Taker, depending on how it actually fills.
Futures fees look lower than spot at first glance, but once you factor in leverage and the funding rate, the real cost ends up far higher than spot trading. Beginners using futures need to do the full cost math — monthly wear exceeding 10% is very common.