You hold a 10,000 USDT BTCUSDT long on BloFin for one day and price goes nowhere. What it still costs: trading fees vs three funding payments, using BloFin's Oct 21 rates

Say you open a 10,000 USDT BTCUSDT perpetual long on BloFin, hold it for one full day, and close it at the same price you got in. Price did nothing. You still paid somewhere between 9.59 and 17.59 USDT, and which end of that range you land on has little to do with funding.

Those numbers use BloFin's published fee schedule and the three BTCUSDT funding rates BloFin actually settled on Oct 21, 2026, read from BloFin's own public market data.

The image is a live, logged-out crop of BloFin's BTCUSDT Perp page captured at 4:21 PM ET on Oct 21. The header reads last price 84,485.9, Index Price 84,530.7, Mark Price 84,486.3, and Funding Rate / Countdown +0.0022% / 03:38:02. That countdown runs to the 00:00 UTC settlement (8 PM ET), and +0.0022% is only the predicted rate for it, well below the 0.0169% to 0.0204% that actually settled earlier that day. Below the header are the 1h BTCUSDT chart and the order book.

Q: What are BloFin's futures trading fees? A: Regular (non-VIP) accounts pay 0.02% maker and 0.06% taker, charged on position notional (size x trade price). A maker order is a limit order that rests in the book before it fills. A market order, or a limit order priced to fill immediately, is a taker.

Q: What do the fees come to on 10,000 USDT?

• Taker in, taker out: 10,000 x 0.06% = 6.00 USDT each way, 12.00 round trip.
• Maker in, maker out: 10,000 x 0.02% = 2.00 USDT each way, 4.00 round trip.

Price is flat in this example, so the closing notional equals the opening notional.

Q: How is funding charged? A: Funding is paid between traders, not to BloFin. Funding fee = position notional x funding rate. A positive rate means longs pay shorts; a negative rate means shorts pay longs. BTCUSDT settles every 8 hours, at 00:00, 08:00 and 16:00 UTC, which is 8 PM, 4 AM and 12 PM Eastern while daylight time is on. Some smaller contracts on BloFin settle every 4, 2 or 1 hours instead.

On Oct 21, BloFin's BTCUSDT settled at:

• 00:00 UTC: 0.0186%
• 08:00 UTC: 0.0204%
• 16:00 UTC: 0.0169%

That adds up to 0.0559%. On 10,000 USDT: 10,000 x 0.000559 = 5.59 USDT, paid by the long.

Q: So what is the full one-day bill?

• All taker: 12.00 + 5.59 = 17.59 USDT
• All maker: 4.00 + 5.59 = 9.59 USDT

At 10x leverage your margin would be 1,000 USDT, so the all-taker version takes 1.76% of it with zero price movement.

Q: Which part can I actually shrink? A: Mostly the fees. Filling as a maker instead of a taker saved 8.00 USDT here, more than the whole day of funding. Funding you only avoid by not holding through a settlement. BloFin says a position closed before settlement owes nothing for that period, but the assessment can run about a minute, so a position opened at 00:00:20 can still be charged.

Q: Did the other big pairs look different that day? Same 10,000 USDT long, same three Oct 21 settlements on BloFin:

• ETHUSDT: 0.0166% + 0.0172% + 0.0205% = 0.0543%, so 5.43 USDT
• XRPUSDT: 0.0193% + 0.0178% + 0.0183% = 0.0554%, so 5.54 USDT
• DOGEUSDT: 0.0176% + 0.0200% + 0.0169% = 0.0545%, so 5.45 USDT
• SOLUSDT: 0.0055% + 0.0076% + 0.0168% = 0.0299%, so 2.99 USDT

All five were positive, so longs paid shorts on every one.

Q: How high can funding go? A: BloFin's market data lists a per-settlement cap of +/-0.5% on BTCUSDT, +/-0.75% on ETHUSDT and +/-5% on SOLUSDT, XRPUSDT and DOGEUSDT. At the BTC cap, a single settlement on 10,000 USDT would be 50 USDT. BloFin's own funding announcement warns that in extreme markets funding can exceed the maintenance margin ratio, and it is taken straight from your collateral.

Q: Does VIP change the math? A: VIP 1 needs any one of: 50,000 USDT in assets, 10,000,000 USDT of 30-day futures volume, or 1,000,000 USDT of 30-day spot volume. It cuts futures fees to 0.006% maker and 0.05% taker, so the all-taker round trip on 10,000 drops from 12.00 to 10.00. Funding is the same at every tier.

Q: Where do I check what I was charged? A: Trading fees show per fill in trade history. Funding is logged separately in funding fee history, so check both when the numbers don't add up.

For a one-day hold, how your orders fill matters more than funding; for a one-month hold it flips, since 30 days at Oct 21's BTC pace would be 5.59 x 30 = 167.70 USDT in funding on the same 10,000.

$BTC.USDT $ETH.USDT $SOL.USDT $XRP.USDT $DOGE.USDT