Trading fee
A trading fee is the amount an exchange charges every time you open or close a position, calculated as a percentage of your order's notional value. On crypto futures it typically ranges from 0.05% to 0.06% per taker order on the exchanges loweef tracks.
Trading fees are the main way centralized crypto exchanges earn revenue. Each time an order fills, the exchange deducts a percentage of the position's full notional value — not just your margin. That distinction matters: with 20x leverage, a $500 margin controls a $10,000 position, and the fee applies to the $10,000.
The rate you pay depends on three things: whether your order was a maker or taker order, the market type (spot or futures), and your fee tier. Most exchanges publish these rates in a fee schedule and reward higher 30-day volume with lower tiers.
Because fees are charged on every fill, they compound quickly for active traders. A round-trip (open plus close) doubles the cost, and dozens of round-trips a month routinely add up to hundreds of dollars. That is the number a fee rebate works against: part of every fee you pay is returned to you, lowering your effective fee without changing how you trade.
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