Trading on short timeframes (otherwise known as “scalping”) is a trading style that specializes in profiting from small price changes during short time intervals, generally after a trade is executed and becomes profitable. It requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain.
Quantfury app supported crypto exchanges (Binance and Coinbase) for cryptocurrency pairs trading charge a minimum of 0.1% commission (maker or taker fees) for the size of each trade. It means that the BTC/USDT or BTC/USD price must go at least 0.2% in favour of the user’s position direction for the trade just to break even. Therefore, today, trading on short time intervals is not economically feasible to be conducted on exchanges for the majority of their customers. In addition, leverage fees are charged, if any leverage is used.
On Quantfury, you have guaranteed execution for the requested trade size in a cryptocurrency pair position at the existing exchange order book price, without any maker or taker fees, or fees for leverage.
Let’s examine how those Quantfury conditions compare to trading on an exchange in more detail.
Long 1 BTC position opened at $7,100, and closed 10 min later at $7,100
Cost on Bitfinex – $14.20 (0.1% fees for each trade) + $ leverage fee;
Cost on Binance – $14.20 (0.1% fees for each trade) + $ leverage fee;
Cost on BitMEX/Bybit – $10.64 (0.075% fees for each trade) + $ leverage fee;
Cost on Quantfury – $0
Quantfury is the more favourable platform for crypto short-term interval trading as well, if a user chooses to do so.