Bybit Trading Fees | Competitive Overview Of Their Fees
Mike Harry
Feb 2024
5 min read
Fact checked
Welcome to the ultimate guide to understanding everything related to the Trading Fees offered by Bybit. Whether it's spot trading fees, futures fees, margin fees or entirely different types of fees like deposit and withdrawal fees, we have covered them all! Keep reading and learn how competitive Bybit's fees really are!
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The exchange specialises in trading services such as perpetual contracts, futures and inverse contracts for a variety of cryptocurrencies including BTC, ETH, SOL, BNB, ALGO, AVAX with leverage of up to 100x.
For those that are interested in more basic trading services, Bybit offers a selection of over 350 cryptocurrencies to buy, sell or trade.
With so many different trading products on the platform, that translates into a wide range of fees that users should be aware of.
Keep on reading and we begin dissecting the maker and taker fee of each trading product offered by Bybit!
Bybit Maker Taker Fees
Before going into the specifics of each fees, it could be useful for some with a basic refresher on the meaning of maker and taker fees.
In short, makers add market liquidity by placing limit orders that don't execute instantly, while takers remove liquidity with immediate market-price orders.
To promote market stability, exchanges charge lower fees for makers which incentivises liquidity provision and higher fees for takers, who reduce it.
Thus the makers have to pay a maker fee when trading (usually lower) while the takers have to pay a taker fee.
Bybit Trading Fees
When it comes to basic spot trading, Bybit's charged a competitive 0.1% spot trading fee for both makers and takers. Bybit also offers different VIP levels for high volume traders with incentives of even lower trading fees.
Bybit spot fees
Bybit Futures Fees
For users that wish to trade perpetual contracts or futures of different kind, the futures fees begin at 0.02% for makers and 0.055% for takers.
Bybit Futures Fees
And similar to spot trading fees, the same VIP tier schedule is available for futures traders who can earn lower futures fees the higher the trading volume are during a 30-day period.
Bybit Options Fees
The maker and taker fees for options trading on Bybit begin at 0.03% for both makers and takers.
For VIP users that trade for 100s of millions of dollars, these options fees can be lowered as much as 0% for makers and 0.1% for takers.
But assuming your a mere mortal and not a degen god, you will likely be paying the 0.03% maker and taker fee.
Bybit Margin Fees
Bybit's margin trading involves three types of fees: spot trading fees, interest, and liquidation fees.
Spot trading fees are applied when buying or selling leveraged positions in the spot market which comes with the 0.1% spot fee mentioned earlier.
Interest is another fee that applies to margin trading and is calculated on an hourly basis.
Traders can repay the loan at any point paying interest for the actual borrowing hours, with every hour increment being counted as one hour.
The interest is calculated using the formula: Amount to Borrow × Daily Interest Rate/24 × Hours.
For instance, if a trader borrows 10,000 USDT at 8:05 AM UTC and repays it at 10AM UTC, with a daily interest rate of 0.02%, the interest rate fee that will be paid is 1.67 USDT.
Bybit Funding Rate
Bybit's funding rate is a real-time variable rate determined by two main factors: the Interest Rate and the Premium Index.
The Interest Rate considers the difference in borrowing costs between the base and quoted currency.
The Premium Index reflects the disparity between the contract's trade price and the mark price and the funding rate is applied to a trader's position to determine the funding fee.
These rates are calculated and updated every minute with exchanges occurring at set intervals, such as every 8 hours.
Bybit Leverage Fees
Bybit offers leverage of up to 100x for trading which also amplifies the trading fees.
For instance a trader placing an order of 100 USDT without leverage would pay a taker fee of 0.055% on that amount.
If the same trader applies 2x leverage, the fee would be charged on the leveraged amount (200 USDT) which effectively doubles the fee.
As such, while leverage magnifies the potential returns, it also increases the associated trading costs.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
