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Master everything you need to know about Bybit fees, from maker taker fees, funding fees, deposit and withdrawal fees, and more.

The cryptocurrency market has grown from an extremely new and illiquid market to an asset class with 

. Markets are open for trading 24 hours a day, 7 days a week, and getting involved is fairly straightforward. But first, you’ll need to find an exchange.

Cryptocurrency exchanges are marketplaces that allow you to buy and sell cryptocurrencies at market prices. Exchanges aggregate orders in order to provide ways to buy and sell at any time. Using exchanges involves costs, depending on the frequency with which you trade and the type of asset traded. We’ll take you through everything you need to know about Bybit trading fees so that you can trade with a clear idea of your costs.

Trading fees are the transaction costs you’re charged when you place any order on a marketplace exchange. Each type of transaction may have its own cost structure, which may be subject to change on short notice. In general, cryptocurrency trading fees include several types of costs.

Exchanges mainly generate commissions from the volumes traded. However, fees apply not only to trades, but to deposits and withdrawals, funding fees, margin and leverage costs, and even through bid-ask spread costs. Exchange fees usually vary from 0.1% to 1% or more per trade. But they varied from one exchange to another. Ultimately, it all boils down to the type of trading contracts and the exchange policies.

Marketplaces match buy and sell orders in order books. The maker and taker system is a method of classifying those orders to determine trading fees. A maker and taker are charged different fees according to whether they’re adding to the order book or taking away from it.

The term “maker” refers to a market maker, who provides liquidity to the market. For example, a maker increases the market depth of an order book, often by placing limit orders that don’t get matched right away. These orders give other traders the opportunity to trade against them. Market makers pay lower fees than takers, and in some cases may get rebates. For example, Bybit offers the Market Maker Incentive Program for traders to get up to 0.015% in maker fee rebate.

In contrast, “takers” remove liquidity from the market. They place market orders to immediately take liquidity off the order books. When you place an order that’s immediately filled, you’re a taker — so you pay a fee.

Within any crypto exchange, traders act as either makers or takers. Makers provide liquidity and increase market depth of the order book while takers seek and take liquidity off the order book.

When it comes to determining whether or not an order is considered a “maker” or “taker”, the key lies in the immediacy of orders filled. 

 are always executed as taker orders but 

 may be executed as maker or taker orders. This is not to say that Limit Orders are inherently special. They are simply the only order type that doesn’t trigger an immediate buy or sell; a Market Order is immediate. 

: At Bybit, you can enable the post-only feature to ensure that limit orders are executed only as maker orders.

Bybit has a cost-effective fee structure that’s friendly to traders. The newly launched VIP program will revamp the existing trading fee rates for both the spot and derivatives markets, for which traders are only entitled to the benefits from the VIP or Bybit Loyalty program.

The higher your tier is, the lower the trading fee rates you’re entitled to — our taker fee goes as low as 0.03% for derivatives and 0.02% for spot trading.

The fee revamp of spot, perpetual and futures trading will start from March 11, 2022 6:30AM UTC. However, the fees update will be effective to all the symbols for derivatives instruments starting at 6AM UTC on March 18, 2022. Any existing fee discounts will be invalid after this time. Please note that it may take up to 60 minutes for the new rates to be reflected in your account on March 18, 2022.

From 7AM UTC on March 19, 2022 onward, the VIP level will be updated at 7AM UTC the next day and the fee rate will be reflected in your account within five minutes after the VIP level’s update. 

The new spot trading fees will be effective from 7AM UTC on March 18, 2022.

Bybit differentiates between maker and taker fees by how quickly an order gets filled. Market Orders, which buy or sell at the best price in the market, execute immediately and are taker orders. 

On the contrary, Limit Orders are placed at a pre-specified price, and they execute when the market price is the same as, or better than, the limit. Limit Orders can be classified as maker or taker orders, depending on when they get filled.

The order value depends on the contract quantity and price. Its calculation also depends on whether you’re trading spot, a linear contract, a perpetual contract or an inverse contract, which we’ll explain below.

Trading Fee = Filled Order Quantity x Trading Fee Rate

If the current price of BTC is $40,000. Traders can buy or sell 0.5 BTC with 20,000 USDT.

Trader A buys 0.5 BTC with a Market Order, so Trader A pays a taker’s fee of 0.0005 BTC. Therefore, Trader A will receive 0.4995 BTC.

Trader B buys 20,000 USDT with a Limit Order, and 0.1% of the maker’s fee is incurred. Therefore, Trader B will receive 19,980 USDT.

Spot Trading Fees Cross-Platform Comparison

Source: Official figures from each crypto exchange as of Feb 17, 2023.

– The trading fee unit charged is based on the purchased cryptocurrency.

– There is no trading fee for unfilled parts of orders and canceled orders.

Bybit Derivatives Trading Maker & Taker Fees

Perpetual Contracts Fee Cross-Platform Comparison

Source: Official figures from each crypto exchange as of Feb 17, 2023

Calculating Bybit Derivatives Trading Fees

Trading Fee = Order Value × Trading Fee Rate

For example, Trader A buys 10,000 BTCUSD contracts using a Market Order. Trader B sells 10,000 BTCUSD contracts using a Limit Order. If the execution price is $40,000:

Upon execution, Trader A will pay a taker’s fee of 0.00015 BTC. Trader B will pay a maker’s fee of 0.000025 BTC.

In addition to the changes, Bybit is offering a Market Maker Incentive Program to get up to -0.015% of the maker fee rebate. The taker fee rate is still determined by the respective VIP Level for market makers. Please refer to 

 for the requirement and application method. 

As of Sept. 2021, there are no deposit fees when trading crypto on Bybit. However, there is a charge of withdrawal fees depending on the cryptocurrencies you’re withdrawing. Please take note of the various withdrawal fees that will be incurred for all withdrawals of any amount from Bybit. Traders can refer to the minimum withdrawal and fees stated at the withdrawal "pop-up" window depending on the selected chain for funds withdrawal.

Traders should note that the withdrawal fees on Bybit are not included in the amount indicated on the screen. Users should factor in the fees indicated to determine the final withdrawal amount. However, traders can choose to click on the 

 button to withdraw all the funds and the system will automatically adjust the final amount, including the incurred fees.

Traders can check the minimum withdrawal and the fee details at the withdrawal windows. Learn 

Leverage is the act of financing assets using borrowed capital. It’s an investment strategy used to magnify returns on capital. Effectively, investors also use leverage to multiply their buying power in the market with the goal of increasing returns. 

Bybit offers up to 100× leverage and requires putting up an initial margin and maintenance margin.

A trader who placed 100 USDT value of the order will pay trading fees of 100×0.06% (based on the quantity and price they input on the order confirmation window.) Leverage magnifies your trading fees. If you use 2× leverage, your trading fees would increase by 2×. For example, if you placed an order of 100 USDT at 2× leverage, you would pay 0.06% on the value of 200 USDT rather than 100 USDT. 

Funding fees ensure that the last traded price is anchored to the global spot price, similar to incurring interest in spot margin trading. Bybit provides certain rules for funding fees, which are as follows: 

Not all trading pairs will receive the standard 8 hours funding fee interval. Trading pairs like XEMUSDT, STXUSDT, EGLDUSDT, ENJUSDT, FLOWUSDT, and SLPUSDT will have a funding interval of every one hour. 

In the above screenshot, long position holders need to pay the indicated funding rate to short position holders in around 8 hours’ time.

Funding fees are calculated as follows with Bybit: 

For example, a trader holds a long position of 10,000 BTCUSD contracts and the mark price is set at $8,000 with the current funding rate at 0.0408% (0.000408). In this case,

Because the funding rate turns out to be positive, long position holders have to pay short position holders when using Bybit.

Bybit offers a diverse and extensive range of knowledge bases including tutorial videos, blogs, and how-to guides to help users get started on the platform. Here’s a quick overview of how to begin trading on Bybit.

Bybit Fees: Everything You Need to Know Before Trading Crypto [Updated]

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