Understanding Bybit's taker and maker fees: What's the difference?

What Are Taker and Maker Fees?

1. Taker fees apply when an order is executed immediately against existing orders in the order book.

2. Maker fees apply when an order is placed and added to the order book, providing liquidity to the market.

3. Bybit classifies users based on their 30-day trading volume and whether they hold BYB tokens, which directly affects fee tiers.

4. Spot trading and derivatives trading maintain separate fee schedules, with distinct taker/maker structures for each.

5. Negative maker fees—also known as rebates—are available for high-volume liquidity providers on perpetual contracts.

How Bybit Calculates Fee Rates

1. Fee rates are dynamically adjusted depending on the user’s VIP level, determined by cumulative USD-denominated trading volume over the past 30 days.

2. Users holding a minimum balance of BYB tokens receive tiered fee discounts, applied automatically upon wallet verification.

3. Futures and options markets use a base fee model where taker fees remain constant across contract types but vary by settlement currency (USDT vs. BTC).

4. Spot trading employs a percentage-based structure, with taker fees ranging from 0.10% to 0.02% and maker fees from 0.02% to -0.01%, depending on volume tier.

5. Fee calculations occur in real time during order execution; no retroactive adjustments are made after trade completion.

Liquidity Provision Mechanics

1. A limit order that does not match instantly becomes a maker order and rests in the order book until filled.

2. Market orders, stop-market orders, and trailing stop orders always act as takers since they consume existing liquidity.

3. Post-only orders enforce maker status by rejecting any execution that would result in immediate matching—this prevents accidental taker fees.

4. Iceberg orders partially expose volume while hiding the remainder; only the visible portion may act as a maker or taker depending on fill behavior.

5. Partial fills of limit orders retain maker status for unfilled portions, allowing continued eligibility for maker rebates.

Fees Across Trading Products

1. USDT-margined perpetual contracts charge 0.06% taker and -0.01% maker fees at the highest VIP level.

2. Coin-margined futures apply asymmetric fees: BTCUSD contracts assess 0.075% taker and -0.025% maker fees for top-tier users.

3. Spot trading pairs like BTC/USDT and ETH/USDT follow identical fee bands, regardless of quote asset denomination.

4. Options trading uses fixed-fee pricing per contract rather than percentage-based models, with separate taker/maker designations for premium collection and assignment.

5. Copy trading activity incurs no additional layer of fees beyond those charged on the underlying executed orders.

Common Questions and Answers

Q: Can I switch between taker and maker status mid-order?No. Order type and execution method determine status at submission. A limit order placed with post-only restriction cannot become a taker even if market conditions shift.

Q: Do Bybit’s fee discounts apply to all account sub-accounts?Yes. Fee tier eligibility is calculated at the main account level and extends uniformly to all linked sub-accounts within the same UID group.

Q: Is there a minimum volume threshold to qualify for negative maker fees?Yes. Users must achieve at least 100 million USD in 30-day perpetual contract volume to access the deepest rebate tier of -0.025%.

Q: Are fees deducted before or after leverage adjustment in margin trades?Fees are calculated on the nominal value of the position and deducted from the available margin balance after leverage application and initial margin allocation.