Tag: bybit fees

What are bybit fees?

The bybit fees is the cost of a transaction when you place an order on the Marketplace Exchange. Each type of transaction may have its own cost structure, which may vary in short notice. In general, cryptocurrency bybit fees include various costs.

Exchanges mainly generate commissions from traded volumes. However, the fee does not only apply to trades, but also to deposits and withdrawals, funding fees, margin and leverage costs, and even bid-ask spread costs. Exchange fees typically range from 0.1% to 1% or more per trade. But they change from one exchange to another. In the end, it all depends on the type of trading agreement and the exchange policy.

Bybit Maker Taker Fees

Bybit differs between manufacturer and recipient fees by how quickly an order is filled. Market orders, which buy or sell at the best prices in the market, are effective immediately and orders are accepted.

In contrast, limit orders are placed at a pre-determined price, and are executed when the market price is equal to or better than the limit. Limit orders can be classified as manufacturer or receiver orders depending on when they are fulfilled.

1. Taker Fee: Order Price: Money Fee Rate
2. Maker Fee: Order Value: Maker Fee Rate
Non-VIP / maker fee / taker fee
Spot Trading Pair/ 0.10% / 0.10%
Derivatives contract / 0.01% / 0.06%
The value of the order depends on the quantity and price of the contract. The calculation also depends on whether you are trading spot, a linear contract, a standing contract or a reverse contract, which we will explain below.

Calculate Bybit Spot Trading Fees

Source:
Trading Fee = Complete Order Quantity x Trading Fee Rate

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

1. Trader A buys 0.5 BTC using market order with USDT.
2. Trader B purchases 20,000 USDT using a breaking point request with BTC.
3. Acceptance fee for Trader A = 0.5 x 0.10% = 0.0005 BTC
4. Manufacturer’s fee for trader = 20,000 x 0.10% = 20 USDT
After filling the order:

Trader A buys 0.5 BTC with a market order, so Trader A pays the buyer a fee of 0.0005 BTC. Therefore, Trader A will get 0.4995 BTC.

Trader B purchases 20,000 USDT with a limit order and costs 0.1% of the maker’s fee. Therefore, Trader B will receive 19,980 USDT.