Binance USDⓈ-M Perpetual Fees & Fill Rules — weltiq Paper Trading Standard (v1)
Binance USDⓈ-M Perpetual paper-trading fees (maker 0.02% · taker 0.05%), known biases, and connection status.
Current Fee Schedule (Reality Profile binance-usdm v1)
| venue | maker | taker | sales tax | per contract | currency | profile |
|---|---|---|---|---|---|---|
| Binance USDⓈ-M Perpetual | 0.02% | 0.05% | 0% | - | USDT | v1 |
| Item | Value |
|---|---|
| Slippage model | spread×0.5 + 1bp |
| Tick / Lot / Min notional | 0.1 / 0.001 / 100 |
| Session | 24/7 |
| Shortable | Yes |
| Daily settlement | No |
Example — 10,000 USDT taker round-trip: 10.00 USDT
Known Biases in This Profile (conservative = cost overstated)
- maker fill requires price cross-through (conservative under-fill)
- beta_bps includes market-impact conservative constant (cost overstated)
- bar-replay: adverse OHLC ordering, SL-first on simultaneous touch
- short entry requires 100% of notional as own cash (short_margin_pct=1.0); real Reg T / SPAN / exchange-tier requirements are lower — short capital use overstated, conservative
- maintenance margin, margin calls and forced liquidation are not modeled — a position is never closed by the broker for collateral
- stock borrow fee / locate / short-sale price tests not modeled — venues where borrow is a real cost keep shortable=False instead of assuming a rate
- perpetual short collateral = 100% of notional in cash (no leverage tiers) — exchange initial-margin tiers allow far less; capital use overstated, conservative
Connection
- Broker: Binance
- Status: Paper ✅ · Live ✅ (your API key, Tokyo cell)
- Paper trading is available immediately upon sign-up; live trading requires your own exchange key at Settings → Keys (weltiq does not redistribute keys)
Sources
- Exchange disclosure: https://www.binance.com/en/fee/futures
- weltiq paper fills apply the same rules
Slippage, FX conversion, funding spreads, and borrow interest are not in this table. Promotions and VIP discounts are not applied (conservative).