Traders can be classified as market takers or market makers. For every executed order, trading fees are incurred.
- Market takers are traders who seek liquidity and take liquidity off the book immediately. They’re charged a taker fee.
- Market makers, who provide liquidity and increase the market depth of the order book, are charged a maker fee.
- Traders can view their incurred trading fees from their trading history.
Note: The table below shows the trading fee you’ll be charged when you trade Spot markets on Bybit.
The formula for Spot:
Trading Fee = Filled Order Quantity x Trading Fee Rate
Notes:
— The trading fee unit charged is based on the purchased cryptocurrency.
— There is no trading fee for unfilled parts of orders and cancelled orders.
Example
Let’s suppose:
- Spot Trading Fee for Market Taker: 0.15%
- Spot Trading Fee for Market Maker: 0.1%
- Last Traded Price for BTC/USDT: $40,000
For Market Takers
Trader A buys 0.5 BTC with USDT using a Market Order. He will be a Market Taker as the market order will be executed immediately and take liquidity from the order book. The taker fee rate will be applied to this order:
Taker's Fee for Trader A = 0.5 x 0.15% = 0.00075 BTC
As he is buying BTC, the trading fee will be incurred in BTC and deducted from the BTC amount he will receive in his account. Once the order is executed, he will receive 0.49925 BTC (0.5 - 0.00075) in his account.
For Market Makers
Trader B buys 20,000 USDT with BTC using a Limit Order and sets the Order Price at $41,000. Once the order is submitted, it will be placed in the order book, waiting for execution. As soon as the Last Traded Price increases to $41,000, the order will be executed. As the order was placed in the order book first, Trader B will be a Market Maker and the maker fee rate will be applied to this order:
Maker's Fee for Trader B = 20,000 × 0.1% = 20 USDT
As he is buying USDT, the trading fee will be incurred in USDT and deducted from the USDT amount he will receive in his account. Once the order is executed, he will receive 19,980 USDT (20,000 - 20) in his account.
Disclaimer:
The trading fees used in the examples are given for illustrative purposes only. To view the trading fee rates applicable to your account, please visit your My Fee Rates page.