Traders can be classified as market takers or market makers. For every executed order, trading fees are incurred.
- Market takers are traders who seek liquidity and take liquidity off the book immediately. They’re charged a taker fee.
- Market makers, who provide liquidity and increase the market depth of the order book, are charged a maker fee.
- The trading fee is deducted from the account balance, and it doesn’t affect the initial margin of the order.
- Traders can view their incurred trading fees from the trading history.
Disclaimer:
— The rates stated below are applicable to Non-VIP Users.
— The fees used in the examples are given for illustrative purposes only. To view the fee rates applicable to your account, please visit your My Fee Rates page.
Bybit offers two different types of Futures trading based on the contract duration, namely Perpetual and Expiry. With perpetual contracts, traders can long and short positions indefinitely as long as the margin requirements are met, whereas expiry contracts have fixed expiration dates, at which time the contracts will be exercised.
Both contract types observe different settlement mechanics and will be settled either in the underlying asset (inverse) or the predetermined settlement currencies: USDT and USDC.
Here are the details of the different fees incurred when trading Perpetual & Expiry contracts.
Inverse Perpetual & Expiry Contract
1. Trading Fee
Formula
Trading Fee = Order Value × Trading Fee Rate
Order Value = Quantity / Executed Price
Example
Trader A buys 10,000 BTCUSD contracts using a Market order.
Trader B sells 10,000 BTCUSD contracts using a Limit order.
Assuming that the execution price is $8,000:
Taker fee for Trader A = 10,000/8,000 × 0.055% = 0.0006875 BTC
Maker fee for Trader B = 10,000/8,000 × 0.02% = 0.00025 BTC
Hence, upon execution, Trader A will pay a 0.0006875 BTC Taker's fee and Trader B will pay a 0.00025 BTC Maker’s fee.
2. Settlement Fee (Only applicable to Inverse Expiry Contract)
All Expiry contracts have an expiration date (also known as a settlement date), and due to this product characteristic, all Expiry contract positions will be entirely closed by the specified settlement date. Therefore, when traders decide not to manually close their position, at the point of reaching the settlement date, the system will automatically settle the position. In the process, a 0.05% settlement fee will be collected by the platform.
Formula
Settlement Fee = Order Value × Settlement Fee Rate
Order Value = Quantity / Executed Price
Example
A trader holds a BTCUSD0331 Expiry position of 10,000 quantities at $20,000. He decided not to manually close the position and hold the position until the settlement date. On Mar 31, 2023, at 08:00:00 UTC, the system will automatically close and settle his position.
Assuming that the settlement price is $20,600:
Settlement fee = (10,000/20,000) x 0.05% = 0.00025 BTC
Hence, upon the settlement date, the trader will need to pay 0.00025BTC of the settlement fee.
Note: Please be informed that settlement fees are fixed (regardless of your VIP level) and will not be subject to any fee discounts or rebates unless otherwise specified in the campaign's Terms and Conditions.
3. Delisting Fee
If a trading pair no longer meets Bybit's stringent listing requirements, it will be delisted. Any open positions will be automatically closed before delisting. Positions closed due to delisting will be settled with a fixed settlement fee of 0.05%, while regular trading fees based on VIP levels will not apply.
USDT Perpetual & Expiry Contract
1. Trading Fee
Formula
Trading Fee = Order Value × Trading Fee Rate
Order Value = Quantity × Executed Price
Example
Trader A buys 10 BTC contracts using a Market order.
Trader B sells 10 BTC contracts using a Limit order.
Assuming that the execution price is 8,000 USDT:
Taker Fee for Trader A = 10 × 8,000 × 0.055% = 44 USDT
Maker fee for Trader B = 10 × 8,000 × 0.02% = 16 USDT
Hence, upon execution, Trader A will pay a 44 USDT Taker's fee and Trader B will pay a 16 USDT Maker’s fee.
2. Settlement Fee (Only applicable to USDT Expiry Contracts)
All Expiry contracts have an expiration date (also known as a settlement date) and due to this product characteristic, all Expiry contract positions will be entirely closed by the specified settlement date. Therefore, when traders decide not to manually close their position, at the point of reaching the settlement date, the system will automatically settle the position. For USDT Expiry Contracts, no settlement fee will be charged.
3. Delisting Fee
If a trading pair no longer meets Bybit's stringent listing requirements, it will be delisted. Any open positions will be automatically closed before delisting. Positions closed due to delisting will be settled with a fixed settlement fee of 0.05%, while regular trading fees based on VIP levels will not apply.
USDC Perpetual Contract
1. Trading Fee
Formula
Trading Fee = Order Value × Trading Fee Rate
Order value = Order Quantity × Executed Price
Example
Trader A buys 10 BTC of BTCUSDC contract using a Market order.
Trader B sells 10 BTC of BTCUSDC contract using a Limit order.
Assuming that the execution price is 50,000 USDC:
Taker's Fee for Trader A = 10 × 50,000 × 0.055% = 275 USDC
Maker fee for Trader B = 10 × 50,000 × 0.02% = 100 USDC
Upon execution, Trader A pays a 275 USDC Taker's Fee, and Trader B will pay a 100 USDC Maker’s fee.
2. Delisting Fee
If a trading pair no longer meets Bybit's stringent listing requirements, it will be delisted. Any open positions will be automatically closed before delisting. Positions closed due to delisting will be settled with a fixed settlement fee of 0.05%, while regular trading fees based on VIP levels will not apply.