During trading, besides the capital you invest, you must also consider transaction fees on the spot exchange.
For both KuCoin and Binance, the fees are 0.1% per transaction, regardless of whether it is a purchase or a sale. These are standard fees that you will always incur while trading.
With EazyBot, there are additional service fees of either 20% or 30% of your profit, depending on whether you use the free version of the tool or a paid subscription package.
The bot executed three purchases:
- 20.1894 USDT, which results in an exchange fee of 0.02 USDT
- 20.3932 USDT, which results in an exchange fee of 0.02 USDT
- 40.824 USDT, which results in an exchange fee of 0.04 USDT
The sale of all three trades was completed in one transaction for 83.7058 USDT, resulting in an exchange fee of 0.08 USDT.
Total exchange fee: 0.16 USDT
Profit: 2.2992 USDT, so 20% of the profit (0.45 USDT) is taken by EazyBot
After deducting the exchange fee (0.16 USDT) and EazyBot’s fee (0.45 USDT), the remaining profit is 1.6892 USDT.
The bot performs various transactions, so let’s check whether its operation is profitable with a low profit.
Purchase was made for 10.04 USDT, which means an exchange fee of 0.01 USDT
Sale was completed for 10.14411440 USDT, which means an exchange fee of 0.01 USDT
Total exchange fee: 0.02 USDT
Profit: 0.1041 USDT, so 20% of the profit (0.02 USDT) is taken by EazyBot (it only charges from profitable closed transactions).
Despite the small profit of 0.1041 USDT, after deducting the exchange fee (0.02 USDT) and EazyBot’s fee (0.02 USDT), you still remain in profit by 0.0641 USDT.