Binance Futures uses BTC as collateral, contracts are settled in BTC, and trading fees are also paid in BTC.
Like other products on Binance, Futures follow a multi-tiered fee structure. And, it has some additional features. For example, some tiers can provide discounted rates (or fee rebates) to market makers. This means that those traders who can provide liquidity to the market will basically gain.
If there are open positions at the time of settlement, you must pay the settlement fee. Please note that you cannot open a quarterly futures position within 10 minutes before expiration. The settlement fee will be charged according to the rate schedule as a taker fee for all positions settled on the settlement day.
The price increment of the Futures product is $0.10. This means that the price change in the contract occurs in increments of $0.10. In comparison, the minimum price increment of the Binance Perpetual Futures product is $0.01. You should pay close attention to the margin requirements and ensure that you have appropriate risk management.
It is worth noting that the higher the leverage you use, the smaller the maximum position size you can set up. Do you want to know a simple position size calculation formula? Learn how to calculate position size in trading.
