Where this position is cheapest to hold
Trading fees and funding combined into one number. Over a few days funding is routinely an order of magnitude larger than the fee, and the venue with the lower fee is regularly the dearer place to hold.
Data as of 2026-09-09 11:41 UTC
Total cost, cheapest first
| Venue | Contract | Fee per side | Annualised funding | Entry + exit | Funding held | Total |
|---|---|---|---|---|---|---|
| AsterLowest estimate | BTCUSDT | 0.0400% | 1.52% | 8.00 | 2.92 | 10.92 |
| Bybit Open | BTCPERP | 0.0550% | 2.67% | 11.00 | 5.12 | 16.12 |
| Binance Open | BTCU | 0.0500% | 4.36% | 10.00 | 8.37 | 18.37 |
| Lighter | BTC | 0.0000% | 10.51% | 0.00 | 20.16 | 20.16 |
| Aster | BTCU | 0.0400% | 6.69% | 8.00 | 12.84 | 20.84 |
| Bybit Open | BTCUSDT | 0.0550% | 5.67% | 11.00 | 10.87 | 21.87 |
| Binance Open | BTCUSDT | 0.0500% | 6.75% | 10.00 | 12.95 | 22.95 |
| Binance Open | BTCUSDC | 0.0500% | 7.62% | 10.00 | 14.61 | 24.61 |
| Binance Open | BTCUSD1 | 0.0500% | 8.11% | 10.00 | 15.54 | 25.54 |
| Aster | BTCUSD1 | 0.0400% | 10.18% | 8.00 | 19.52 | 27.52 |
| Gate | BTC_USDT | 0.0750% | 6.68% | 15.00 | 12.81 | 27.81 |
| OKX Open | BTC-USDT-SWAP | 0.0500% | 10.20% | 10.00 | 19.55 | 29.55 |
| Bitget Open | BTCUSDT | 0.0600% | 9.31% | 12.00 | 17.85 | 29.85 |
| Hyperliquid | BTC | 0.0450% | 10.95% | 9.00 | 21.00 | 30.00 |
Cost amounts are in contract quote units; negative costs indicate estimated net receipts.
Ranking follows each venue's own published cost and is unaffected by whether this site has a referral link for it. A rebate is shown in its own column, is not part of the total, and does not change the order.
How this is computed
Cost components
Entry and exit are each charged once at the selected rate: notional times the fee. Funding is notional times the annualised rate times hours held divided by 8760; a positive rate is paid by longs to shorts and a negative one the other way. Fees are each venue's published rate for that contract on a public endpoint. VIP tiers, platform-token discounts and account-specific terms are not knowable from a public endpoint and are not assumed here.
Data sources
Each fee links to its source. Gate and Bitget publish a per-contract schedule on their contract endpoints and it is collected like any other field. The rest publish a base tier on a web page only, so that figure is checked by a person, recorded with the date it was checked, and expires after a review window — after which the venue shows an unknown fee and leaves the ranking rather than being priced on a number nobody has re-checked.
Inverse contracts pay funding in the base asset, so they cannot be priced beside linear contracts from one quote-currency notional and are left out of this table.