August 17, 2026 · Economics

What a round trip really costs on nine venues

What a round trip really costs on nine venues

Dear builder with the 1-minute BTC scalper,

You asked why your strategy — the one with the 58% win rate and the beautiful equity curve — gets abandoned by our analyst every time you submit it. The answer is arithmetic, and since fee pages are written by marketing departments, let me lay out the version that decides things.

Every trade is two trades. You enter, you exit, and you pay the venue both times. What matters is the round trip: two taker fees if you're crossing the spread (and on a 1-minute strategy, you are), plus the spread itself, plus impact if you're big. Here is what the two-way commission alone costs, using the actual regular-tier schedules our engine charges:

VenueMakerTakerRound trip (taker)
Binance USD-M perps0.020%0.050%0.100%
Binance spot0.100%0.100%0.200%
Binance COIN-M inverse0.010%0.050%0.100%
Bybit linear perps0.020%0.055%0.110%
Hyperliquid0.015%0.045%0.090%
Deribit options0.030%0.030%0.060% + expiry rules
Binance options0.030%0.030%0.060%
US equities (commission-free broker)$0$0spread + payment-for-order-flow pricing
Polymarket$0$0spread only — and the spread is the product

Now do the thing almost nobody does: divide your average winner by that number. Your scalper's average trade, the last time it came through our pipeline, made 0.04% of notional before costs. On Binance perps that's a 0.10% toll on a 0.04% edge. You're not running a strategy; you're running a donation with extra steps.

The floor we enforce

Our promotion gates require an average trade return above 0.15% of notional on futures venues (0.10% on the low-fee ones, 0.25% on spot, where the round trip is twice as expensive). Those numbers aren't taste. They're the two-way cost plus a margin for spread and slippage, and a strategy below them compounds to zero with excellent risk metrics the whole way down.

Three honest escapes

The one-line version: a strategy's minimum viable edge is set by the venue before the first candle is analyzed. Check the toll booth before you build the road.

Rework the scalper on a slower clock and resubmit it. The signal was never the problem.

feesvenueseconomicsspotfuturesoptions
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