A crypto fee rebate on one futures trade, worked out in dollars
2026-10-20
On a $10,000 futures position opened and closed with market orders on BingX, you pay about $10.00 in trading fees, and a 60% fee rebate returns about $6.00 of it. The round trip costs you $4.00 instead of $10.00. Below is that one trade step by step, then the cases where the number shrinks or drops to zero. For the definition and where the money comes from, start with what a crypto fee rebate is.
One trade, step by step
Example: you post $1,000 of margin at 10x leverage, which opens a $10,000 position. The exchange charges its fee on that notional value, not on your margin. The formula is in how futures fees are calculated.
- Open with a market order: $10,000 × 0.05% taker = $5.00.
- Close with a market order: about another $5.00 (the closing notional moves a little with the price).
- Fees for the round trip: about $10.00.
- Rebate at 60%: about $6.00 comes back.
- Your net fee cost: about $4.00.
Whether the trade made or lost money does not enter the calculation. A losing trade pays the same two fees, so it earns the same rebate. A new account gets an extra 10 percentage points for its first 2 weeks (70% total); this example uses the standard 60%.
The same trade with limit orders
A limit order that rests in the book pays the maker rate, 0.02% on BingX. For the same example position:
- Limit order in and out: fees about $4.00, rebate about $2.40.
- Market order in, resting limit order out: fees about $7.00, rebate about $4.20.
The rebate is a share of the fee, so a cheaper fill returns fewer dollars. Your total cost is still lower, because you paid less to begin with: a rebate never makes the more expensive order type the cheaper one. Which orders count as maker is covered in maker vs taker fees.
Your fee rate after the rebate
Another way to read the same numbers: at 60% back, a 0.05% taker fee works out to an effective 0.02% per side. That is the rate to use when you compare exchanges or work out a break-even price, because the headline rate overstates what you end up paying. The glossary calls this the effective fee.
Trades that earn nothing
- Orders that never fill. No fee is charged on the unfilled part of an order, so there is nothing to rebate. See whether cancelled orders pay fees.
- Zero-fee fills. A 0% maker rate or a zero-fee promotion on selected pairs means no fee, and a rebate on no fee is zero. Check the exchange's own fee page for current promotions; the MEXC case is in MEXC 0% fees and rebates.
- Funding payments. Funding on perpetual contracts is exchanged between longs and shorts. It is not a trading fee, so a rebate does not cover it. See what a funding fee is.
From one trade to a payout
A single round trip returns a small amount; the rebate builds up trade by trade. On BingX, 45% of each fee is credited by BingX itself and 15% is paid by loweef. That second part accrues daily in USDT and is paid automatically to your exchange UID once the balance reaches 1 USDT. The schedule for each part is in when fee rebates are paid out.
At higher volume the same arithmetic runs month after month; the monthly and yearly totals are in how much you can save with fee rebates. The total rate differs by exchange (37–60%), and so does the fee it applies to:
| Exchange | Total rate | Welcome boost | Effective taker |
|---|---|---|---|
| BingX | 60% | 70% | 0.0200% |
| MEXC | 50% | — | 0.0200% |
| OKX | 50% | 60% | 0.0250% |
How these rates and payout terms compare with other rebate services: crypto rebate platforms compared.
All figures are estimates from BingX's published standard (VIP 0) fee schedule. Your actual fee depends on your VIP tier, the exact fill prices and your maker/taker mix. To estimate your own number, run the payback check.
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Frequently asked questions
Does leverage change the rebate?
Only through position size. The fee, and the rebate on it, is calculated on the notional value, so the same $10,000 position earns the same rebate at 5x or at 20x. Higher leverage on the same margin opens a bigger position, which pays a bigger fee and earns a bigger rebate.
Do I get a rebate on a losing trade?
Yes. The rebate is calculated on the fees you paid, not on profit, so a losing trade earns the same rebate as a winning trade of the same size.
Is the rebate on limit orders worth less?
In dollars, yes: the rebate is a share of a smaller maker fee. Your total cost is still lower with the cheaper order type, because the rebate returns the same share of whatever you paid.