How are perpetual (perp) fees calculated? The formula is fee = notional value × fee rate, with perp taker around 0.05%. What really matters is the effective rate after rebate: effective rate = base rate × (1 − rebate rate). On Binance 0.05% taker with a max 40% rebate, the effective rate drops to about 0.03%; Gate's 70% rebate takes it to about 0.015%. Here's the table.
How is the fee calculated?
Fee = notional value × fee rate. Maker (posted, filled passively) is usually lower than taker (market, filled aggressively). At perp taker 0.05%, a 10,000 USDT notional fill costs about 5 USDT. For the maker/taker difference, see what maker/taker fees are.
Effective rate after rebate
Rebate pulls down the rate you actually bear. Effective rate = base rate × (1 − rebate rate). Using each exchange's reference perp taker rate and max rebate:
- Gate: 0.05% × (1 − 70%) = ~0.015% (lowest)
- Binance: 0.05% × (1 − 40%) = ~0.03%
- Bitget: 0.06% × (1 − 50%) = ~0.03%
- Bybit: 0.055% × (1 − 40%) = ~0.033%
- OKX: 0.05% × (1 − 20%) = ~0.04% (public 20%; lower after extra via support)
Why the effective rate beats grinding VIP tiers
Lowering fees via an exchange's VIP tier usually needs large volume or big token holdings; a rebate applies directly to every fee and works the moment you bind. On Gate, the max rebate cuts the effective rate from 0.05% to about 0.015% — a 70% cut most people can't reach on VIP upgrades alone. For how rebate is composed, see exchange auto-rebate vs extra rebate.
How to lower your effective rate
Register with a referral code and bind your UID on the rebate platform (Quant Nova) — the rebate applies automatically. To compare exchanges, see the 2026 rebate ranking.
FAQ
How are perp fees calculated?
Fee = notional value × fee rate. Perp taker is ~0.05%, so a 10,000 USDT notional fill costs about 5 USDT; maker is usually lower.
What does "effective rate" mean?
It's the rate you actually bear after rebate = base rate × (1 − rebate rate). E.g. 0.05% taker with a 40% rebate gives an effective rate of about 0.03%.
Does rebate directly lower the fee shown when I place an order?
It doesn't change the rate shown on the exchange; rebate refunds part of the fee afterwards (some exchanges use charge-then-refund), which is equivalent to lowering your effective rate.
Which exchange has the lowest effective rate after rebate?
At max rebate, Gate is lowest at ~0.015%, followed by Binance/Bitget at ~0.03%. Actual figures depend on your VIP and rebate tier.
Why is OKX counted at 20%?
OKX policy only permits advertising up to 20%, so the effective rate is computed at 20%; it's lower once you arrange the extra via support.
These are estimates at reference fee rates; actual fees and rebate follow the exchanges' official pages and the live Quant Nova platform. This article is for information only and is not investment advice.
Binance 
OKX 
Bitget 
Bybit 
Gate 
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