When engaging in spot trading on Bybit, understanding the fee structure is essential for optimizing trading performance and managing costs effectively. This guide provides a clear breakdown of how trading fees are calculated, who pays what, and how different order types impact your overall expenses.
Understanding Maker and Taker Roles
In any exchange’s order book, traders fall into one of two categories: makers and takers. These roles determine not only how orders are executed but also the associated fees.
- Takers are traders who remove liquidity from the market by placing orders that execute immediately against existing orders in the order book. Because they take available liquidity, they are charged a taker fee.
- Makers, on the other hand, add liquidity by placing limit orders that do not execute immediately but instead wait to be matched. Since they contribute to market depth, they are typically charged a lower maker fee—or sometimes even receive rebates on certain platforms.
On Bybit, both maker and taker fees for spot trading are currently set at 0.1%, making the cost structure simple and transparent for non-VIP users.
👉 Discover how low trading fees can boost your returns with efficient order strategies.
Standard Spot Trading Fees (Non-VIP)
For all spot trading pairs on Bybit, the standard fee schedule for non-VIP users is as follows:
- Maker Fee: 0.1%
- Taker Fee: 0.1%
This uniform rate applies across all spot markets, meaning whether you're trading BTC/USDT, ETH/USDC, or any other supported pair, the fee remains consistent. While VIP users may benefit from reduced rates based on trading volume or holdings, most retail traders will start with this baseline.
It's worth noting that while many exchanges differentiate between maker and taker fees (often charging more for takers), Bybit treats both equally in its spot market—a feature that simplifies cost forecasting for active traders.
How Spot Trading Fees Are Calculated
The formula for calculating spot trading fees on Bybit is straightforward:
Spot Trading Fee = Executed Trade Value × Trading 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 places a market order to buy 0.5 BTC using USDT. Since this order executes instantly against existing sell orders, it removes liquidity and incurs the taker fee.
Fee Paid = 0.5 BTC × 0.1% = 0.0005 BTC
After fees:
- Trader A receives: 0.4995 BTC
- Total cost: ~20,000 USDT (including fee value)
Trader B – Limit Order (Maker)
Trader B places a limit order to sell 20,000 USDT worth of BTC at $40,000 per BTC. This order sits in the order book until matched, adding liquidity.
Fee Paid = 20,000 USDT × 0.1% = 20 USDT
After fees:
- Trader B receives: 19,980 USDT
Note: Trading fees on Bybit are paid in the acquired asset—meaning if you're buying BTC, the fee is deducted in BTC; if you're buying USDT, it's deducted in USDT.
Key Notes on Fee Application
- No fees are charged for canceled orders.
- Partially filled orders incur fees only on the executed portion.
- Fees are automatically calculated and deducted upon execution—no manual input required.
👉 See how small fee differences add up over time—optimize your strategy today.
Frequently Asked Questions (FAQ)
Q1: What’s the difference between a maker and a taker?
A maker places a limit order that adds liquidity to the order book, while a taker uses a market or aggressive limit order that immediately matches with existing orders, removing liquidity.
Q2: Are Bybit’s spot trading fees competitive?
Yes. With both maker and taker fees at 0.1%, Bybit offers a competitive flat rate compared to other major exchanges that often charge up to 0.2% for takers. The simplicity benefits frequent traders who want predictable costs.
Q3: Do I pay fees even if my order isn’t fully filled?
You only pay fees on the portion of your order that executes. Unfilled or canceled orders incur no fees.
Q4: How can I reduce my trading fees on Bybit?
Bybit offers lower fees through its VIP program, which is based on 30-day trading volume or token holdings (e.g., holding $BYBIT tokens). Higher-tier VIP members enjoy progressively lower rates and potential rebates.
Q5: Are there separate fees for different spot pairs?
No. Bybit applies the same 0.1% fee rate across all spot trading pairs for non-VIP users, ensuring consistency regardless of the asset traded.
Q6: Where can I view my transaction history and fees?
All executed trades and associated fees can be reviewed under the Order History or Transaction History section within your Bybit account dashboard.
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Final Thoughts
Understanding how trading fees work is crucial to maximizing profitability in cryptocurrency markets. Bybit’s flat 0.1% fee for both makers and takers simplifies cost management and appeals to both novice and experienced traders. Whether you’re placing market orders for quick entries or using limit orders to provide liquidity, knowing exactly how much you’ll pay helps you plan better and trade smarter.
Always keep an eye on your executed trades and consider upgrading to VIP status if you’re a high-volume trader—this can lead to meaningful long-term savings. And remember: small differences in fees compound over time, so choosing platforms with transparent, low-cost structures can significantly impact your net returns.