Commissions on Bybit

For example, a trader buys $200 worth of Bitcoin with x5 margin. In this case, the total amount of the transaction will be $1000. From it, the trader will have to pay 0.1%, i.e. $1. However, the exchange will additionally charge a leverage fee. The size of the commission will depend on the term of the loan and the traded cryptocurrency. All digital assets have their own rate. At the same time, it changes every 8 hours.

Interest after opening a transaction is accumulated every hour. On May 8, 2024, when trading bitcoins on margin, the platform provided a loan at 0.004613% per day. Therefore, if a trader closed a trade after 3 hours, he would have to pay $0.004613 for the use of leverage. The calculation was made according to the following formula: $800 * (0,004613% / 24 * 3).

For financing

Derivatives rates are almost equal to the quotations of the underlying assets. A funding or financing mechanism is provided to ensure that prices are linked. If the value of the derivative is lower than the spot asset, the short position holders pay fees to the long holders. The mechanism works in the opposite direction as well. If the derivative is more expensive than the spot, long position holders pay a funding fee to shorts.

The amount of the funding fee depends on the rate. On the Bybit exchange, it changes every 8 hours. The rate can be positive and negative. For example, if it is equal to 0.01%, a longist with an open order for $1000 will pay $0.1 to shorts.

How you can reduce the exchange’s commission

The cryptocurrency platform charges fees for using most trading and investment tools. However, the Baybit exchange allows you to reduce the amount of commissions by different methods. To do this, users participate in the loyalty program and increase the level of the account. It is also possible to reduce commissions by obtaining the status of an institutional trader.

Referral program

The platform offers its clients cooperation. For example, they can participate in the referral program. Under the terms, users invite new clients to the exchange and receive various rewards. For example, they take 20-30% of the commissions paid by referrals. The size of the bonus depends on the number of invited users.

Also, as part of the referral program, clients sometimes receive vouchers to pay commissions. As a rule, for this the invited users need to reach a certain trading turnover. But as of May 2024, the crypto exchange did not offer such bonuses. Perhaps they will appear in the future.

VIP level of the client

The Bybit exchange rewards active traders. This is done thanks to a tiered system of accounts. A customer can upgrade their account status, which reduces trading fees. In 2024, the crypto platform offers a system of 7 account tiers. To advance in it, you need to actively trade or accumulate digital currency on Bybit wallets. The conditions for increasing the status of the account are presented in the table.

PRO-level

Bybit cryptocurrency platform distinguishes between simple and institutional traders. For the second category of users, the exchange provides additional discounts on fees. To get the status of a professional trader, you need to trade at least $6 million (or $50 million in derivatives) on the spot for 30 days. You are allowed to use any crypto exchange to conduct transactions. After reaching the required trading turnover, you need to write to Bybit tech support and confirm the volume. Depending on the PRO-level of the account received, the trader pays the following commissions:

• When spot trading – from 0.005% to 0.06%.
• When using futures and open-ended contracts – from 0% to 0.032%.
• When trading options – from 0% to 0.018%.

To improve the PRO level of the account, you need to accumulate a 30-day volume. To achieve the highest status, you will need to reach a trading turnover of at least $100 million on spot and a maximum of $2 billion when using derivatives.

Encouragement of market makers

The Baybit exchange rewards traders who provide liquidity. The platform gives them an additional discount of up to 0.001% on transactions. Users registered in the Market Maker program can get the bonus. To become its participant, you need to trade at least $10 million over the last 30 days, as well as have the status of an institutional trader.

How to check the commission on Bybit

The crypto exchange applies complex systems of calculation with users. The amount of fees depends on the account level, trader status, and the availability of discount vouchers. It is also affected by the selected trading instrument. Commissions on Bybit for spot and P2P will be different. You can view the current fees in your profile.

In my personal cabinet

You can familiarize yourself with Bybit fees for different types of trading in the “My Commissions” tab. To go to it, you need to put the mouse cursor over the profile icon and then click on the corresponding button. The page that opens presents data on the commissions paid by the client when using different trading instruments. Also in the tab you can monitor the progress within the loyalty program.

Trader’s Diary

Detailed trading statistics on Bybit are obtained with the help of special services. One of them is TradersDiaries. It is enough to register on the site, and then connect your exchange account to the service by applying the API. TradersDiaries allows you to analyze trades to find trading errors. The service also displays the fees paid for each transaction.

There are other tools designed to analyze trading sessions. Popular ones are Tradary, CScalp, and 3Commas.

Frequently Asked Questions