Short answer: Binance Futures trading fees and funding payments are different costs. A trading fee is charged when an order fills, using the applicable maker or taker rate. A funding payment applies only when a perpetual position remains open at a funding timestamp, and it is exchanged between long and short position holders rather than kept by the exchange. Liquidation fees, borrowing costs, spread and slippage are separate again.
Last verified: August 16, 2026. Rates, contract specifications, funding intervals, VIP requirements, BNB reductions and product availability can change. The signed-in Binance Futures interface and the contract-specific fee and funding screens are the controlling sources for your account.
Binance Futures costs at a glance
| Cost | When it applies | Who receives it | What changes it |
|---|---|---|---|
| Maker or taker trading fee | When an order or partial fill executes | Binance under the applicable fee schedule | Product, VIP tier, execution role, eligible BNB setting and promotions |
| Funding payment | When a perpetual position is open at the funding timestamp | Transferred between long and short position holders | Funding rate, position notional, direction and contract interval |
| Liquidation-related charge | If the position is forcibly closed under the contract rules | Determined by the applicable Futures rules | Margin, leverage, maintenance requirements and market movement |
| Spread and slippage | When the execution price differs from the reference or best displayed price | Market-impact cost, not a separate advertised fee | Order size, liquidity, volatility and order type |
Maker and taker fees on Binance Futures
A maker order adds liquidity by resting on the order book. A taker order removes liquidity by executing against an existing order. The label depends on what happens to each fill, not only on whether you selected “Limit” or “Market.” An aggressive limit order can execute immediately and be treated as a taker. One larger order can also produce several fills with different prices and, in some cases, different execution roles.
The basic calculation is:
Trading fee = executed notional value × applicable maker or taker rate
For a USDⓈ-M contract, the executed notional is generally based on the fill price multiplied by the filled quantity. Do not estimate the final charge from the order amount alone when the order fills in several parts. The trade history and fee ledger show the actual commission asset and amount.
For a detailed explanation of execution roles, see Binance maker vs taker fees. For the broader fee structure, use the Binance fees guide.
Funding is not a Binance trading fee
Perpetual Futures contracts do not expire. Funding helps keep their price aligned with the underlying spot market. Binance Academy describes funding as a periodic transfer between traders: when the rate is positive, long positions pay short positions; when it is negative, short positions pay long positions.
A simplified funding calculation is:
Funding payment = position notional × funding rate
The sign of the rate and the direction of your position determine whether the result is paid or received. A positive number on the screen does not mean every trader pays it. A long position generally pays at a positive rate, while a short position generally receives; the direction reverses at a negative rate.
Funding intervals can vary by contract
Binance Academy currently describes eight hours as the standard interval for many contracts, but contract-specific and dynamic adjustments can produce four-hour or hourly intervals. Do not hard-code “three times a day” into a trading plan. Check the current rate and countdown displayed for the exact contract before opening or holding a position.
- If a position is closed before the funding timestamp, it generally does not participate in that interval’s payment.
- If it remains open through several timestamps, multiple funding payments can accumulate.
- The next displayed rate is not a promise that later intervals will use the same rate.
- Funding received does not remove trading fees, spread, slippage or liquidation risk.
A practical hypothetical example
Assume a trader opens a perpetual position with a notional value of 20,000 USDT. If the account’s applicable taker rate for that fill were 0.05%, the hypothetical opening trading fee would be 10 USDT:
Illustrative trading-fee calculation: 20,000 × 0.0005 = 10 USDT
If the same position remained open at a funding timestamp and the displayed funding rate were positive 0.01%, a long position would hypothetically pay 2 USDT while a short position would generally receive 2 USDT:
Illustrative funding calculation: 20,000 × 0.0001 = 2 USDT
These numbers are examples, not the current rate for any contract. The closing trade can produce another trading fee, and subsequent funding intervals can use different rates.
Where BNB and VIP reductions fit
Binance Academy currently states that eligible Futures trading fees paid with BNB can receive a 10% reduction. This setting affects eligible trading commissions; it does not turn a funding payment into a discounted exchange fee. Your BNB balance, account setting, product eligibility, region and the current official schedule all matter.
VIP tiers can also change applicable maker and taker rates. Review the Binance VIP levels guide and the BNB fee discount guide, then verify the final rate inside your own account.
How to check the actual cost before and after a trade
- Open the exact USDⓈ-M or COIN-M contract in Binance Futures.
- Check the contract’s current maker and taker fee schedule for your VIP tier.
- Confirm whether eligible BNB fee payment is enabled and sufficiently funded.
- Read the displayed funding rate and countdown for that contract.
- Estimate trading fees from the expected notional and likely execution role.
- Estimate funding separately for every timestamp you expect to hold through.
- After execution, use trade history and the transaction ledger to record the actual commission and funding entries.
Common mistakes
- Calling funding an exchange fee: funding is generally transferred between position holders.
- Assuming every limit order is maker: an immediately executable limit order can be a taker.
- Ignoring both sides of the trade: opening and closing fills can each incur trading fees.
- Using the margin amount instead of notional: leverage makes position notional larger than posted margin.
- Assuming the interval never changes: the exact contract screen controls.
- Adding advertised percentages together: BNB, VIP, referral and promotional mechanisms are governed separately.
Frequently asked questions
Do I pay funding when I open a Futures position?
Not merely because the position was opened. Trading fees apply to executed fills. Funding applies when an eligible perpetual position remains open at the contract’s funding timestamp.
Can I receive funding?
Yes. The payment direction depends on the sign of the funding rate and whether the position is long or short. The displayed contract rate and Binance ledger provide the final result.
Does a referral code reduce funding?
Do not assume so. Referral benefits, when shown and eligible, concern the specific program terms displayed by Binance. Funding is a separate peer-to-peer mechanism.
Official sources
- Binance Academy: How to Calculate Transaction Fees on Binance
- Binance Academy: What Are Funding Rates in Crypto Markets?
Affiliate disclosure: Bimence may receive a commission for eligible actions completed through the BIMENCE link. Risk warning: Futures use leverage and can cause rapid losses and liquidation. Product availability varies by region. This article is educational and is not investment, financial, legal or tax advice.