What are the financing fees for digital currencies on Binance?

3 answers

• Nov 29, 2021 · 3 years ago
  Financing fees for digital currencies on Binance are calculated based on the size and duration of the position. These fees are charged when you hold a leveraged position overnight. The calculation includes the size of the position, the funding rate, and the time the position is held. Factors that can affect the financing fees include the funding rate set by Binance, market conditions, and the size of the position.
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• Nov 29, 2021 · 3 years ago
  When it comes to financing fees for digital currencies on Binance, it's important to understand that they are primarily determined by the funding rate. The funding rate is a variable rate that is periodically adjusted based on the supply and demand of the market. It is important to note that the funding rate can be positive or negative, depending on the market conditions. Additionally, the financing fees can vary depending on the size of the position and the duration it is held.
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• Nov 29, 2021 · 3 years ago
  BYDFi, a digital currency exchange, offers competitive financing fees for digital currencies. The fees are calculated based on the size and duration of the position, similar to other exchanges. The funding rate, which is set by BYDFi, plays a significant role in determining the financing fees. It's important to consider the funding rate and market conditions when calculating the potential fees. BYDFi strives to provide transparent and fair financing fees for its users.
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