When engaging in spot trading on Bybit, understanding the fee structure is essential for maximizing returns and managing costs effectively. Whether you're a beginner or an experienced trader, knowing how trading fees are calculated—and who exactly pays what—can significantly impact your overall profitability.
Bybit categorizes traders into two primary roles: makers and takers. Each role carries its own fee implications, based on how they interact with the order book.
Understanding Makers and Takers
In any exchange environment, liquidity is key. The distinction between makers and takers revolves around how traders contribute to—or consume—market liquidity.
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Market Makers
A maker places a limit order that does not execute immediately but instead adds depth to the order book. Because this order "makes" liquidity available for others, it typically incurs a lower fee—or sometimes even receives rebates on certain platforms.
Market Takers
A taker places an order (often a market order) that executes instantly by matching against existing orders in the book. This action removes liquidity from the market, hence the term "taking" liquidity, and is subject to a slightly higher fee in most cases.
On Bybit, however, both maker and taker fees for spot trading are currently set at 0.1%, making the platform competitive for active traders.
Standard Spot Trading Fees (Non-VIP Users)
The following fee schedule applies to all users who have not qualified for VIP status:
- Maker Fee: 0.1%
- Taker Fee: 0.1%
- Applies to: All spot trading pairs
This uniform rate means that regardless of whether you're placing a limit order or executing a market order, your cost per trade remains consistent at 0.1%. This simplifies cost forecasting and benefits high-frequency traders who might otherwise face variable expenses.
Note: VIP users enjoy reduced fee tiers based on trading volume and/or holdings of the Bybit token (if applicable). For full details, refer to Bybit’s official fee structure documentation.
How Spot Trading Fees Are Calculated
Bybit uses a straightforward formula to determine transaction costs:
Spot Trading Fee = Executed Trade Value × Applicable Fee Rate
Let’s break this down with a real-world example using the BTC/USDT trading pair.
Example Scenario
Assume:
- Current BTC price: $40,000
- Trade amount: 0.5 BTC or equivalent in USDT (20,000 USDT)
Trader A – Market Order (Taker)
Trader A wants immediate execution and places a market buy order for 0.5 BTC using USDT.
Since this order removes liquidity, it's classified as a taker trade.
- Fee = 0.5 BTC × 0.1% = 0.0005 BTC
- Net received = 0.5 – 0.0005 = 0.4995 BTC
So, Trader A pays 0.0005 BTC in fees and receives 0.4995 BTC after the trade.
Trader B – Limit Order (Maker)
Trader B places a limit sell order for 20,000 USDT worth of BTC at $40,000 per BTC.
This order waits in the book until matched—thus adding liquidity—and qualifies as a maker trade.
- Fee = 20,000 USDT × 0.1% = 20 USDT
- Net received = 20,000 – 20 = 19,980 USDT
Trader B pays 20 USDT in fees and ends up with 19,980 USDT post-trade.
Key Points About Fee Collection
It’s important to note how Bybit handles fee collection:
Fees are paid in the purchased asset.
For example:- If buying BTC with USDT, the fee is deducted in BTC.
- If selling BTC for USDT, the fee is taken from the received USDT.
- No fees for canceled orders or unexecuted portions.
Only completed trades incur charges. Partial fills are charged proportionally, while unfilled parts generate no cost.
This transparency helps traders avoid unexpected deductions and plan their entry and exit strategies more efficiently.
Frequently Asked Questions (FAQ)
Q1: What is the difference between maker and taker fees?
A maker adds liquidity by placing a limit order that doesn’t execute immediately, while a taker removes liquidity by fulfilling an existing order. On Bybit, both spot maker and taker fees are currently set at 0.1%.
Q2: Are Bybit’s spot trading fees competitive?
Yes. With a flat 0.1% fee for both makers and takers, Bybit offers one of the more balanced and transparent pricing models in the industry—especially beneficial for active traders who want predictability.
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Q3: How can I reduce my trading fees on Bybit?
You can qualify for lower fees by reaching VIP status through higher trading volumes or holding specific tokens (if applicable). Additionally, some platforms offer fee discounts through referral programs or promotional campaigns.
Q4: When are trading fees charged?
Fees are only applied when an order is successfully executed. Canceled orders or unfilled portions of partially executed trades do not incur any charges.
Q5: Can I view my past trading fees?
Yes. All executed trades and associated fees are recorded in your trade history, accessible through your account dashboard. This allows for accurate tracking and reconciliation of costs over time.
Q6: Is there a difference in fee calculation between base and quote currencies?
No—the formula remains consistent. However, the fee is always collected in the asset being acquired in the trade (i.e., the purchased token), which ensures clarity in settlement.
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Final Thoughts
Understanding how trading fees work on Bybit empowers you to make smarter decisions in your spot trading journey. With a flat 0.1% rate for both makers and takers, cost predictability becomes a major advantage—especially when compared to exchanges with complex tiered systems.
Whether you're building a long-term portfolio or executing short-term trades, keeping transaction costs low is crucial. Monitoring your trade history, optimizing order types (limit vs market), and aiming for VIP status can all contribute to improved net returns.
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