Here's the short answer: there are three standard ways to cut Binance futures fees — turn on BNB deduction (10% off), sign up through a referral link (getting a 20% rebate from the referrer), and raise your VIP tier (based on 30-day trading volume plus BNB holdings). Stacking all of these, an ordinary retail trader can bring the Taker rate from 0.05% down to about 0.036%, roughly a 28% savings. Fee rebates settle automatically on a T+1 basis. 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 walk through all four paths in detail: BNB deduction, referral rebates, VIP upgrades, and market maker status.
The simplest discount, and one every user can use.
How to turn it on:
Go to "Futures Settings" (the gear icon) → switch on "BNB Fee Deduction."
Note: the BNB deduction toggle for futures is separate from the one for spot — you need to turn on both individually.
How the deduction works:
Once enabled, futures fees get a 10% discount (USDⓈ-M only). Taker goes from 0.05% to 0.045%, and Maker goes from 0.02% to 0.018%.
How it's paid: the equivalent fee amount is deducted from the BNB balance in your futures wallet. If your BNB isn't enough, it automatically falls back to USDT (at no discount).
How much BNB you need to hold:
It's recommended to keep a BNB balance in your futures wallet equal to 1-3% of your position value. For example, if you regularly open 10,000 USDT positions, keep 100-300 USDT worth of BNB on hand (at a BNB price of 600 USDT, that's roughly 0.16-0.5 BNB).
Things to watch out for:
Users who sign up through a referral link get a rebate.
Rebate ratios:
Example: you sign up through this site's referral link, and this site passes the full 20% rebate on to referred users.
At the standard rate of 0.05% with a 20% rebate: effective rate = 0.05% × (1 - 0.2) = 0.04%
Adding the 10% BNB deduction: 0.045% × (1 - 0.2) = 0.036%
For one open-and-close round trip on a 10,000 USDT position:
| Optimization | Taker Rate | Fee on a 10,000 USDT Round Trip |
|---|---|---|
| No optimization | 0.0500% | 10 USDT |
| BNB deduction only | 0.0450% | 9 USDT |
| 20% referral rebate only | 0.0400% | 8 USDT |
| BNB + 20% rebate | 0.0360% | 7.2 USDT |
| BNB + 40% rebate (special) | 0.0270% | 5.4 USDT |
How rebates are paid out:
Rebates settle automatically to your spot wallet on a T+1 basis, in USDT (for USDⓈ-M futures) or BTC (for Coin-M futures), labeled as "Referral Rebate."
How to confirm your rebate ratio:
When you sign up through a referral link, the landing page shows the rebate ratio. After signing up, you can see it under "Referral" → "My Referrer."
Binance futures VIP tiers are calculated separately from spot (though BNB holdings used for the calculation are shared with spot).
Upgrade conditions:
| VIP Tier | 30-Day Futures Volume | BNB Holdings | Maker / Taker |
|---|---|---|---|
| VIP 0 | < 15 million | 0 | 0.0200% / 0.0500% |
| VIP 1 | ≥ 15 million | ≥ 25 BNB | 0.0160% / 0.0400% |
| VIP 2 | ≥ 50 million | ≥ 100 BNB | 0.0140% / 0.0350% |
| VIP 3 | ≥ 150 million | ≥ 250 BNB | 0.0120% / 0.0320% |
| VIP 4 | ≥ 600 million | ≥ 500 BNB | 0.0100% / 0.0300% |
| VIP 5 | ≥ 1.2 billion | ≥ 1000 BNB | 0.0080% / 0.0270% |
| VIP 6 | ≥ 2.5 billion | ≥ 1750 BNB | 0.0060% / 0.0250% |
| VIP 7 | ≥ 5 billion | ≥ 3000 BNB | 0.0040% / 0.0220% |
| VIP 8 | ≥ 10 billion | ≥ 4500 BNB | 0.0020% / 0.0200% |
| VIP 9 | ≥ 20 billion | ≥ 5500 BNB | 0.0000% / 0.0170% |
Note: all figures above are in USDT. 30-day volume means the cumulative notional value of futures positions filled over those 30 days.
Even reaching VIP 1 is difficult for an ordinary retail trader (15 million USDT in 30-day volume requires an average of 500,000 USDT per day). VIP 0 is where the vast majority of users actually sit.
VIP 4+ users can apply to become a market maker. Market makers provide liquidity and get extra rate benefits:
Requirements to become a market maker:
This is essentially out of reach for ordinary retail traders.
The most practical optimization path for an ordinary retail trader:
Step 1: Turn on BNB deduction (the easiest step)
Keep a few dozen to a few hundred dollars' worth of BNB in your futures wallet, and you immediately save 10%.
Step 2: Sign up through a referral link
If you're already registered without a referral link, you can contact support to try switching referrers (low success rate), or register a new account and transfer funds over.
Step 3: Build BNB holdings toward VIP status
If you hold 25 BNB (about 15,000 USDT) and have the trading volume to match, you automatically reach VIP 1, dropping your Taker rate from 0.05% to 0.04%.
Step 4: Consider trading as a Maker if you trade frequently
If you regularly use limit orders, being a Maker gets significantly cheaper than being a Taker once you're above VIP 1.
Scam 1: Fee "sponsorship" groups
A "mentor" claims they'll pay your fees for you if you send a 100-unit deposit. 99% of these are scammers.
Scam 2: Buying a "VIP upgrade service"
Someone sells a "100 dollars to bump you to VIP 5" service. Binance VIP tiers are strictly reviewed by the rules — there's no shortcut.
Scam 3: Links offering over 100% rebates
Someone claims a 150% rebate (more than the standard 20% cap). These are phishing links, and accounts registered through them get stolen.
Scam 4: "Insider connection" registration channels
Claims that registering through a special channel gets you extra perks. Binance has no such channel.
Scam 5: Fee rebates paid in cash
"Just trade normally, and I'll pay you back in cash at the end of the month." This is 100% a scam.
Legitimate rebates only ever come through Binance's own automatic system — no "middleman" is ever involved.
Limit 1: Only filled orders count
Unfilled limit orders don't count toward rebates. Neither do canceled orders.
Limit 2: Self-referral doesn't work
Binance's risk system detects linked accounts sharing the same ID, device, or IP, and self-referrals get canceled.
Limit 3: The demo account earns no rebates
Fees from demo trading are never rebated.
Limit 4: Leveraged tokens earn no rebates
Fees from Binance leveraged tokens (like BTCUP, BTCDOWN) don't count toward futures rebates.
Limit 5: Rebates settle with a delay
Settlement is T+1, so it can take up to 48 hours to arrive.
Assume an active monthly futures trader with 2,000,000 USDT in 30-day volume (position value), split 60% Taker and 40% Maker.
Without any optimization:
With BNB deduction + 20% referral rebate:
For an active user, saving 2,500-5,000 USDT a year is nothing to sneeze at.
Misconception 1: Rebates matter more than BNB deduction
In reality, stacking both is what's actually optimal. Looking at rebates alone, a 20% rebate does save more, but BNB deduction is 100% automatic and permanently in effect, which makes it more hassle-free.
Misconception 2: You need to trade a lot to save money
Any trading volume can benefit from BNB deduction plus referral rebates. Low-volume traders can save too.
Misconception 3: The rebate is a gift from Binance
The rebate is essentially the referrer's own bonus, and it's the referrer's choice whether to pass any of it along to the person they referred. Binance just provides the mechanism.
Misconception 4: Upgrading VIP tier is more worthwhile than turning on BNB deduction
Upgrading your VIP tier requires either large capital or large trading volume, something ordinary retail traders simply can't reach. Turn on BNB deduction first.
Misconception 5: Rebates can accumulate without limit
Binance's referral rebate caps out at 20% for ordinary users and 40% for institutions. There's no higher tier available.
Q: Can referral rebates be stacked with BNB deduction? A: Yes. The two are calculated independently and can be enjoyed at the same time.
Q: Does BNB deduction for futures work on Coin-M contracts? A: The standard 10% discount applies to USDⓈ-M futures. The deduction mechanism for Coin-M futures may differ — check the futures settings page for specifics.
Q: Can I switch to a different referrer? A: Generally, once your account is linked to a referrer, it can't be changed. Choose carefully when you sign up.
Q: Do I need to pay tax on rebates? A: It depends on your jurisdiction. In most countries, cryptocurrency rebates may be treated as income. Consult a local tax professional.
Q: Can a referred user see their own rebate history? A: Yes. Go to "Rewards Hub" → "Referral Rebate" to see your full rebate history.
Q: Can I add a referral link after I've already registered? A: Basically no. If it's really necessary, you can contact support and explain your situation, but the success rate is very low.
Q: What currency do rebates arrive in? A: USDⓈ-M rebates arrive in USDT, and Coin-M rebates arrive in the corresponding coin (for example, BTC contracts rebate in BTC).
An ordinary retail trader who turns on BNB deduction and signs up through a referral link can get a 28% total discount. It's a benefit you get without doing anything special — not using it is just money left on the table.