any people are curious about checking the Binance Funding Fee. In this article, we will find out what the Binance Funding Fee is and how much it comes out to. Also, since the funding fee on Binance is too small, we will recommend a good exchange that people who want to earn profit by utilizing this funding fee use.
💰 Binance Taker Fee Free, 60% Market Fee Discount MethodMeaning of Binance Funding Fee
If you look at the Binance Futures trading window, there is a section marked as "Funding" as shown in the picture below, which is what we call the Funding Fee.
In the case of crypto futures trading, people mostly take Long positions during a bull market and Short positions during a bear market.
Funding fees are what is paid to prevent people from crowding into either Long or Short positions.
Negative Binance Funding Fee
Whether the funding fee is paid to which position is determined by whether the sign of the funding fee is positive or negative.
Please note that when the Binance funding fee is negative, it is paid to Long positions, and when it is positive, it is paid to Short positions.
How to check Binance funding fees
If you want to make a profit from funding fees on Binance, you need to check the funding fees carefully.
Generally, 0.0001% is the standard.
It changes depending on how strong the buying or selling pressure is, that is, whether there are more long positions or more short positions.
Profits and losses occur every 8 hours, and the limit order trading fee is 0.02%. The more positions you take, the greater the loss becomes. Therefore, saving on trading fees is essential. If you sign up using the link below, you can reduce your trading fees by the maximum discount rate of 20%.
🤑 [Join Binance with 20% Discount Link]How to Check Binance Funding Fee on PC
If you look at the top left of the Binance Futures trading screen, there is a Funding / Countdown window. (The red circle area) Here, you can check the funding fee and the funding fee payment time.
How to Check Binance Funding Fee on Mobile
If you look at the top right of the Binance App Futures trading screen, there is a Funding / Countdown window. (The red circle area) Here, you can check the funding fee and the funding fee payment time.
Where Does the Binance Funding Fee Go?
The Binance Funding Fee comes into or goes out of the Futures wallet where the position is held.
How to Calculate Binance Funding Fee
The funding fee calculation formula is as follows:
Funding Fee = {Position Amount) * (Leverage Multiplier) * (Funding Rate}) =0.01%]
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Recommended Exchange for Funding Fee Strategy
However, it is a bit disappointing to try to profit from the funding fee on Binance. This is generally because the funding fee itself is small. Therefore, I personally recommend Bitget. But Only Korean.
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