What are Maker and Taker fees on Bybit and how can I get a lower fee rate?

Understanding Maker and Taker Fees

1. Maker fees apply when an order is placed into the order book without immediate execution, thereby adding liquidity to the market. These orders are typically limit orders that do not match existing orders upon submission.

2. Taker fees are charged when an order executes immediately against an existing order in the order book, removing liquidity from the market. Market orders and aggressive limit orders usually incur taker fees.

3. Bybit sets different fee tiers for makers and takers, with maker fees generally lower than taker fees to incentivize liquidity provision.

4. Fee rates vary across trading products — spot, futures, and options each maintain independent fee structures determined by trading volume and account tier.

5. The distinction between maker and taker is enforced at the protocol level; no manual classification is required. The system automatically identifies order behavior during matching.

Fee Schedule and Tiered Structure

1. Bybit uses a 30-day rolling volume calculation to determine a user’s fee tier. This includes both spot and derivatives trading volume, denominated in USDT equivalents.

2. Higher trading volumes unlock progressively lower maker and taker fees. For example, users with over $10 million in 30-day volume may qualify for negative maker fees (rebates) on perpetual contracts.

3. VIP tiers extend beyond standard accounts and require KYC Level 3 verification plus asset thresholds. VIP status grants access to custom fee schedules and priority support.

4. Fee tiers reset daily based on real-time volume aggregation. A sudden spike in activity can shift a user to a higher tier within hours, affecting subsequent trades.

5. Users holding BYT tokens receive additional fee discounts applied on top of their base tier rate, up to a capped percentage reduction per trade.

Strategies to Reduce Fee Rates

1. Accumulating consistent trading volume across multiple asset classes contributes to faster tier progression. Futures volume counts toward spot tier eligibility and vice versa.

2. Placing passive limit orders instead of market orders increases the proportion of maker trades, directly lowering average cost per executed contract or token.

3. Participating in Bybit’s referral program generates fee rebate credits. These credits offset taker fees but do not reduce the displayed fee rate on the order ticket.

4. Holding and staking BYT tokens in the Bybit wallet activates automatic discount multipliers. The discount applies dynamically before order submission and reflects in the final fee calculation.

5. Avoiding rapid-fire order cancellations helps maintain favorable maker ratios. Excessive cancellation patterns may trigger internal review but do not alter published fee tiers.

Fee Calculation Mechanics

1. Fees are calculated in real time using the notional value of the trade, multiplied by the applicable maker or taker rate for that product and tier.

2. In inverse perpetual contracts, fees are denominated and deducted in the base asset (e.g., BTC), while in USDT-margined contracts, fees are settled in USDT.

3. Negative maker fees appear as rebates credited to the user’s wallet post-trade. These are visible in the transaction history as positive entries labeled “Maker Rebate”.

4. Fee deductions occur after trade execution and are non-refundable even if the position is closed immediately afterward.

5. Margin trading does not inherently increase fee rates — leverage level has no bearing on fee computation. Only volume, tier, and order type influence the final charge.

Frequently Asked Questions

Q: Do stop-market orders count as taker orders?Yes. Stop-market orders execute as market orders once triggered, consuming existing liquidity and incurring taker fees.

Q: Can I change my fee tier mid-day if my volume crosses a threshold?Yes. Tier updates occur every hour based on accumulated volume over the prior 720 hours. No manual action is needed.

Q: Are fees applied to liquidation events?No. Liquidations are system-initiated actions and carry no fee. However, the initial entry and exit trades associated with the liquidated position were subject to standard maker/taker fees.

Q: Does Bybit charge deposit or withdrawal fees for cryptocurrencies?Bybit does not impose platform-level deposit fees. Withdrawal fees are network-determined and vary by asset — they are separate from trading fee calculations.