Guides

Trading, explained honestly

Straight, practical answers: how to fund and withdraw, what's legal, and where to trade. Education only, first-hand where we can measure it.

Why a small cost per trade becomes a large annual cost, how to calculate your own turnover, and why frequency matters more than the headline rate.

How maker rebates, volume rebates and referral rebates each work, who funds them, and why a rebate is not the same as a lower cost.

How the spread on a pricing page is selected and averaged, why your fill is usually wider, and how to reason about the gap.

How dormancy is defined, what restarts the clock, and why an inactivity fee can take a small balance down to zero without any trade.

How to total the full cost of one trade, from entry and exit fees to the spread and overnight financing, using a method you can copy.

How the daily financing line on a leveraged position is calculated, why it is sometimes a credit, and why it is quoted per lot.

How a commission account and a spread account split the same trading cost differently, and how to compare them on one number instead of two.

How the funding payment on a perpetual futures contract works: why it exists, which side pays, and why it repeats for as long as you hold.

Understand why trading fee tiers move with rolling volume and token holdings, and how to work out which tier you will actually be charged at.

Why a fee schedule charges two different prices for the same trade, and how adding or removing liquidity decides which one you pay.