Bybit Exchange Fee Structure: A Complete Guide by VIP Level

Trading fees on Bybit are not simply fixed rates; they vary significantly depending on the member’s VIP level. This article provides a clear explanation of this complex fee structure and details how it applies in actual trading.

Understanding the Basic Structure of the VIP Program

Bybit’s VIP program is based on the user’s asset size and trading volume. To reduce fees, it’s important to understand how this system works.

VIP levels are determined by the higher of two criteria: the asset balance over the past 30 days or the trading volume during that period. For example, even if you hold $1.5 million in assets, if your spot trading volume over 30 days reaches $10 million, you will be upgraded to VIP Level 3 based on the latter criterion. Higher trading volumes automatically elevate users to higher VIP tiers.

An important point is that VIP levels are updated daily at 7:00 a.m. UTC. Sub-accounts automatically inherit the fee structure of the main account, so if you operate multiple accounts, it’s necessary to monitor the main account’s status.

Basic Fee Rates on Bybit

Bybit’s fee structure is divided into three main trading categories. Different rates apply for taker orders (immediate execution) and maker orders (orders placed on the order book).

For crypto asset trading pairs, users at VIP 0 pay a spot trading fee of 0.1000%, which can be reduced to as low as 0.0450% at the highest VIP status. Perpetual and futures contracts have even lower fees, ranging from 0.0550% to 0.0300%, and options trading has a minimum rate from 0.0300% down to 0.0050%.

For fiat currency pairs (such as USDT/EUR), a separate fee schedule applies. At VIP 0, with less than $100,000 trading volume, taker fees are 0.2000% and maker fees are 0.1500%. When reaching VIP 1 with over $1 million in trading volume, fees decrease to 0.1000% for takers and 0.0675% for makers.

Spot Trading Fee Optimization Rules

There are specific rules for spot trading crypto assets to minimize fees. Utilizing these rules can help reduce trading costs.

Trades executed with zero fees in spot trading are not counted toward the 30-day cumulative trading volume. This means that if you take advantage of special promotions offering fee-free trades, those trades do not contribute to your VIP level calculation.

Additionally, for derivatives trading volume calculations, all inverse perpetuals, futures, USDT perpetuals, and USDC pairs are combined. This aggregation benefits active traders who trade across multiple futures products, making it easier to reach higher VIP levels.

Asset Requirements and Trading Volume Criteria by VIP Level

To reach each VIP level, specific asset balances or trading volumes must be met. On Bybit, satisfying any one of these requirements promotes you to that level.

Asset balance calculations include assets staked in liquidity mining products. The 30-day average net borrowings consider spot margin trading, loan pools, and crypto loans.

Discount Options Using MNT Tokens

MNT is Bybit’s native token, and holding it can provide additional fee discounts. The MNT multiplier feature allows further fee reductions based on VIP level.

Details about the discounts are explained in the official MNT program guide and FAQ. If you plan to use the platform long-term, holding MNT may be worthwhile.

Practical Tips to Minimize Fees

Reducing fees on Bybit involves more than just increasing your VIP level. A multi-faceted approach is most effective.

First, set a VIP level target aligned with your trading style. Short-term traders should focus on trading volume requirements, while long-term holders might prioritize asset balance. Next, consider diversifying trading across multiple products. Combining derivatives and spot trading can help you reach higher VIP levels faster.

Additionally, take advantage of the fee difference between maker and taker orders. This gap becomes more pronounced at higher VIP levels. Intentionally placing maker orders can significantly lower your trading costs.

Fee Calculation Method and Important Notes

The fee rate applied to an order is based on your VIP level at the time of order execution. Changes in VIP level during the trade do not affect already executed orders.

Bybit reserves the right to modify, revise, or increase fee rates at any time. Such changes become effective immediately upon posting on the site or via email notification. Continuing to use your account implies acceptance of these changes, so it’s recommended to regularly check the official fee schedule.

Both main and sub-accounts are considered when calculating trading volume and net borrowings, allowing operators with multiple accounts to aggregate their activity for VIP level determination.

Optimizing trading fees is an ongoing process. Regularly review your VIP status and stay updated on fee schedule changes to manage your trading costs effectively.