Take a look at Binance fees in the futures market. We have compared them with the commissions of the largest cryptocurrency exchanges, including OKX, Bybit, Huobi, and Phemex. In this article, we will not take into consideration bonus and referral programs.
Futures markets
Cryptocurrency futures markets have gained tremendous popularity due to their potential for capitalizing on the volatility of digital assets. These markets enable you to speculate on the future price movements of cryptos without owning them.
When engaging in cryptocurrency futures trading, you enter into agreements to buy or sell specific cryptocurrencies at predetermined prices and dates in the future. This allows you to take advantage of both long (buying), and short (selling) positions, opening up opportunities for profit in both rising and falling markets.
A significant advantage of futures trading is the ability to leverage positions. By using a smaller amount of capital, you can control larger positions, amplifying the potential for gains. However, it is important to note that this leverage also comes with the risk of increased losses. Thus, understanding risk management strategies is crucial in futures trading.
Numerous cryptocurrency exchanges offer futures markets, each with its unique fee structures, trading instruments, and features. These markets often provide a variety of contract types, including perpetual and futures contracts with varying settlement dates.
Evaluating the profitability of your trading strategies and selecting the most suitable exchange requires a comprehensive understanding of the commissions and other costs associated with futures trading. Fortunately, many exchanges offer methods to reduce fees, such as loyalty programs, referral bonuses, or utilizing the exchange's native tokens.
In this article, we will explore the world of fees in the futures markets, providing a detailed comparison of the following major exchanges:
- Binance
- OKX
- Bybit
- Huobi
- Phemex
By examining the different options and strategies available, you will gain valuable insights to make informed decisions that align with your trading goals and preferences.
Futures market commissions
Let's do a closer review of the fees charged by cryptocurrency exchanges in the futures markets. The exchanges are listed from the lowest to the highest base fee:
Binance futures fees
Binance ranks first in our assessment of the lowest fees in the futures markets. Read our blog to learn more about Binance spot fees vs. other exchanges.
Binance offers two futures markets: “USDS-M Futures” and “COIN-M Futures”. In the USDS-M market, you can trade USDT and BUSD futures, each with its own set of fees:
- USDS-M market, USDT futures: maker fee - 0.02%, taker fee - 0.04%.
- USDS-M market, BUSD futures: maker fee - 0.012%, taker fee - 0.03%.
- COIN-M market: maker fee - 0.01%, taker fee - 0.05%.
How to reduce Binance futures fees
- Use BNB to pay fees, which offers a 10% discount for USDS-M futures
- Register with CScalp's Binance referral ID for a 10% discount
- Participate in the Binance VIP program
Huobi and OKX fees
Huobi and OKX share the second position in our list.
Huobi offers two futures markets: “USDT Margin Contracts” and “Coin-M Futures”. Both markets have a base trading fee of 0.02% for makers and 0.05% for takers.
How to reduce Huobi fees
- Sign up using CScalp referral link
- Participate in Huobi's VIP program
OKX allows trading in futures and swaps markets. In the futures market, you can trade [USDT-M Futures" and "Crypto-M Futures." The swaps market includes "USDT-M Perpetual Swaps", "USDC-M Perpetual Swaps", and "Crypto-M Perpetual Swaps". All cryptocurrencies have the same base fees: maker - 0.02% and taker - 0.05%.
How to reduce OKX fees
- Acquire OKB (the OKX token). The more OKB you have, the higher your level will be, and the lower the fees you will have to pay.
- Become part of the OKX VIP program
Phemex and Bybit
Phemex and Bybit share the third position among the exchanges with lowest fees.
Phemex offers futures markets such as "USDS-M Perpetual", "COIN-M Perpetual", and "USD-M Perpetual". All markets have a base fee of 0.01% for makers and 0.06% for takers.
How to reduce Phemex fees
- Sign up through the CScalp referral link for a 20% discount
- Participate in the Phemex VIP program
Bybit has three futures markets: "Inverse Contracts", "USDT Perpetual", and "USDC Perpetual". All cryptocurrencies have the same fees: 0.01% for makers and 0.06% for takers.
How to reduce Bybit fees
- Sign up with the CScalp referral link for up to a 10% discount
- Participate in the Bybit VIP program
Comparing Binance futures fees with other exchanges
Now that you have a comparative analysis of futures commissions on different exchanges, you can make a well-informed decision on the one that best suits your needs. It is important to keep in mind that each exchange has its own commission structure, tools, and fee reduction policies.
Keep in mind that this article is an overview and ideally, you should do your research separately taking into consideration your trading strategy, capital, and risk tolerance. Stay updated on the most recent information about the rates, promotions, bonuses, and programs that are subject to change.
We recommend you to use a referral link when registering and use native tokens of the exchange you are using. Good luck!
