What are the maker and taker fees on Bybit?

Understanding Trading Fees on Bybit

Bybit, one of the leading cryptocurrency derivatives exchanges, employs a fee structure based on maker and taker fees to encourage liquidity provision and trading activity. These fees are applied to every trade executed on the platform and vary depending on whether you're adding or removing liquidity from the market.

The core distinction lies in the type of order you place:

• Maker orders add liquidity to the order book.
• Taker orders remove liquidity by immediately matching with existing orders.

This differentiation is crucial for traders aiming to optimize their costs, especially those engaging in high-frequency or algorithmic trading strategies.

Note:

Understanding this fee model helps traders reduce long-term costs and improve profitability.

What Are Maker Fees?

A maker fee is charged when your order does not immediately get filled and instead gets added to the order book. This includes limit orders that wait for a match. Since these orders provide liquidity to other traders, they are rewarded with lower fees.

On Bybit, maker fees typically range from 0.01% to 0.02%, depending on your trading volume over the past 30 days and your Bybit VIP level. Higher trading volumes or holding certain amounts of Bybit’s native token (BYN) can qualify users for reduced fees.

For example:

• If you place a buy limit order at $30,000 for BTC/USDT while the current market price is $30,100, your order will sit in the order book until matched — thus qualifying as a maker.
• You will be charged the maker fee once the order is filled.

Traders who frequently use limit orders should prioritize understanding how maker fees work to maximize savings.

What Are Taker Fees?

A taker fee applies when your order is executed instantly against an existing order on the order book. These include market orders or limit orders that immediately match with available liquidity.

Bybit charges slightly higher fees for takers compared to makers, usually ranging from 0.06% to 0.1%, again depending on your trading volume and VIP status. This is because taker orders remove liquidity and are considered less beneficial to market stability.

For instance:

• Placing a market order to sell ETH at the current bid price will result in a taker fee.
• Similarly, placing a buy limit order above the current market price may also trigger a taker fee if it matches immediately.

Frequent traders should analyze their execution method to determine whether paying the taker fee is justified or if adjusting order types could lead to cost savings.

VIP Tiers and Fee Reductions

Bybit offers a tiered VIP system that allows users to benefit from progressively lower maker and taker fees as their trading volume increases. Additionally, holding BYN tokens can further reduce fees across all tiers.

Each tier has specific requirements in terms of 30-day trading volume and BYN holdings. For example:

• VIP Level 0: No BYN required, 30-day trading volume under $50,000 — maker fee 0.02%, taker fee 0.06%
• VIP Level 9: Requires $1 billion+ in 30-day trading volume and significant BYN holdings — maker fee -0.01%, taker fee 0.0%

The negative maker fee means that at the highest VIP levels, Bybit pays traders to provide liquidity, which is a powerful incentive for market makers and institutional traders.

Users can check their current VIP level and fee schedule directly in their Bybit account dashboard under the Fees & Limits section.

How to Check Your Current Fee Rate on Bybit

To view your current maker and taker fees on Bybit, follow these steps:

• Log in to your Bybit account.
• Navigate to the Profile section.
• Click on Fee Rates or go directly to the Fees & Limits page.
• Select the relevant trading pair (e.g., BTC/USDT) and market type (spot or derivatives).
• The displayed rates will reflect your current maker and taker fees based on your VIP level and trading history.

It's important to verify your fee rate before placing large trades, especially if you're trying to minimize transaction costs or comparing platforms.

Additionally, Bybit provides a fee calculator tool that allows users to estimate fees for specific trade sizes and types.

FAQs

Q: Do futures trading fees differ from spot trading fees on Bybit?Yes, futures trading involves separate fee structures, including funding rates and position fees. However, the maker-taker model remains consistent across both spot and futures markets.

Q: Can I pay fees using BYN tokens on Bybit?Yes, Bybit allows users to pay trading fees with BYN, which often results in additional discounts depending on your VIP level and the amount of BYN held.

Q: How often are Bybit fee rates updated?Fee rates are recalculated every 24 hours based on the rolling 30-day trading volume and BYN holdings. Any changes in your trading activity or token balance will affect your next fee calculation.

Q: Is there a difference between perpetual and inverse futures fees?No, Bybit applies the same maker and taker fee structure to both perpetual and inverse futures contracts. However, settlement methods and funding rates differ between contract types.