Is futures cashback higher than spot cashback?

The cashback rate is the same (20% on both). But the total cashback amount is typically higher for futures traders because: 1) futures fees are lower (0.02-0.05% vs 0.10%), meaning more volume per dollar of capital, 2) leverage amplifies trading volume (10x leverage = 10x the fees = 10x the cashback), 3) futures traders tend to have higher turnover.

How does leverage affect cashback amount?

Leverage directly multiplies your cashback. With $1,000 capital and 10x leverage, you control a $10,000 position. Fees are calculated on the $10,000 notional value. So your cashback is also 10x higher than trading $1,000 in spot. Example: $10,000 × 0.05% fee = $5. 20% cashback = $1. Without leverage, $1,000 × 0.10% = $1 fee, cashback = $0.20.

Can I get cashback on both spot and futures?

Yes! cashback.day cashback applies to all trading activity on your account — spot, futures, perpetual contracts, and even copy trading on supported exchanges. There's no need to choose; every fee-generating trade counts toward your 20% rebate.

Spot vs Futures: Which Crypto Market Gives Better Cashback?

Quick Answer

Both spot and futures qualify for the same 20% cashback rate through cashback.day. But futures traders earn significantly more cashback in absolute terms because of leverage, lower base fees, and higher trading volume.

Fee Comparison: Spot vs Futures

FactorSpotFutures (Perpetual)

**Maker Fee**0.08-0.10%0.00-0.02%

**Taker Fee**0.10%0.01-0.055%

**Leverage**1x (no leverage)Up to 125x

**Average Volume**Lower5-10x higher

**Cashback Rate**20%20%

**Cashback Payment**USDT, weeklyUSDT, weekly

Full fee breakdown: crypto trading fees explained.

The Leverage Effect on Cashback

This is the single biggest reason futures cashback is more valuable:

Example: $10,000 Capital

ScenarioPosition SizeFee RateFee Paid20% Cashback

Spot (1x)$10,0000.10%$10.00**$2.00**

Futures (5x)$50,0000.05%$25.00**$5.00**

Futures (10x)$100,0000.05%$50.00**$10.00**

Futures (20x)$200,0000.05%$100.00**$20.00**

With 10x leverage, you earn 5x more cashback than spot trading with the same capital — despite futures having lower fee rates.

Annual Cashback: Spot vs Futures Trader

Casual Spot Trader ($50K/month volume)

ItemAmount

Monthly volume$50,000

Average fee (0.10%)$50

20% cashback$10

**Annual cashback****$120**

Active Futures Trader ($50K capital, 10x leverage, 2 trades/day)

ItemAmount

Daily volume (10x × $50K × 2)$1,000,000

Monthly volume$30,000,000

Average fee (0.04% blended)$12,000

20% cashback$2,400

**Annual cashback****$28,800**

The futures trader earns 240x more cashback with similar capital.

When Spot Cashback Is Better (Per Dollar of Fee)

While futures generates more total cashback, spot has one advantage: higher fee rate means more cashback per transaction:

MarketFeeFee on $10KCashback (20%)

Spot0.10%$10.00$2.00

Futures0.05%$5.00$1.00

But this advantage is overwhelmed by the leverage multiplier in practice.

Exchange-by-Exchange Analysis

Binance

MarketMakerTakerAfter CB (Taker)

Spot0.100%0.100%0.080%

Spot + BNB0.075%0.075%0.060%

Futures0.020%0.050%0.040%

Binance spot with BNB discount produces the best spot-specific cashback.

MEXC

MarketMakerTakerAfter CB

Spot0.000%0.050%0.040%

Futures**0.000%****0.010%****0.008%**

MEXC futures are the cheapest in the industry. Less cashback per trade (because fees are tiny), but incredibly low total cost.

See: MEXC fee rebate guide

Bybit

MarketMakerTakerAfter CB

Spot0.100%0.100%0.080%

Futures0.020%0.055%0.044%

Bybit's futures have slightly higher taker but excellent maker fees.

See: Bybit USDT cashback

The Optimal Strategy

For Maximum Cashback Earnings

Trade futures with moderate leverage (5-10x)

Use maker orders (0.02% vs 0.05%)

Trade on Binance or Bybit for best balance of liquidity and fees

For Lowest Total Cost

Trade futures on MEXC (0% maker, 0.01% taker)

Use maker orders exclusively

Add 20% cashback to reduce from 0.01% to 0.008%

For Spot-Only Traders

Use Binance with BNB discount (0.075% taker)

Add 20% cashback (effective: 0.060%)

Use limit orders when possible

Summary Table

QuestionAnswer

Same cashback rate?Yes, both 20%

More total cashback?Futures (leveraged volume)

Lower effective fees?Futures (0.008-0.044% after CB)

Easier to earn?Both (automatic)

Best exchange for spot?Binance (BNB discount)

Best exchange for futures?MEXC (0% maker)

Can you do both?Yes, same account

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