Hi It's Unicorn

 

There are 3 types of fees on Bybit Futures Exchange!

 

1. Trading fee

2. Deposit and Withdrawal Fee

3. Funding Fee

 

If you know each cost in advance, it will help you to manage your profit and loss in trading. Here I will explain them one by one.

 

1. Trading Fee

 

➢ A derivative product called futures refers to track a price index rather than trade the spot of a specific cryptocurrency in the reality. It can reduce transaction costs and allow you to short buying and selling through leverage based on margin.

 

➢ You will be charged 0.075% of the transaction volume for market orders on Bybit; for limit orders, the fee is -0.025%. A limit order fee of -0.025% means you will get the fee, instead of paying the fee.  Due to limit order provides liquidity to the market so traders will will earn a trading fee of 0.025%. Conversely, market orders are executed at the best available market price and consume market liquidity, traders will pay trading fees.

 

➢ There are inverse perpetual contracts and USDT perpetual contracts in Bybit Futures Exchange. Bybit inverse perpetual contracts support Bitcoin (BTC), Ethereum (ETH), EOS (EOS), and Ripple (XRP); and, Bybit USDT perpetual contracts support Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) , Link (LINK), Litecoin (LTC) and Tezos (XTZ).

 

Fees for all pairs above are the same.

 

 

《ByBit VS BitMEX Fee Comparison Analysis!》

 

BitMEX Fee

 

Limit: -0.0250% ; Market price: 0.075%

 

Here is a fee discount for 6 months.

 

Limit: -0.0225% ; Market Price: 0.0675%

 

ByBit Fee

 

Limit: -0.0250% ; Market price: 0.075%

 

Here's a lifetime 20% discount.

 

Limit: -0.0250% ; Market price: 0.060%

 

In this way, the limit price is the same and the market price is discounted by 5%.

 

ByBit offers a lifetime discount and more benefits than BitMEX. In terms of fees, there are more advantageous on Bybit!

 

Summary

 

✓ Bitmax 10% discount code for 6 months, Bybit discount for lifetime!

✓ Bybit offers fee discount for users’ benefit.

✓ Transaction fees will make a huge difference when accumulated over a long period of time!

 

2. Deposit and Withdrawal Fee

 

➢ Bybit supports Bitcoin (BTC), Ethereum (ETH), EOS (EOS), Ripple (XRP), and Tether (USDT). 

➢ Bybit does not charge any additional fees for deposits. You will only be charged the network fee when depositing coins in Bybit from external exchange or personal wallet.

➢ Likewise, Bybit does not charge any additional fees for withdraw. You only need to pay the network fee when withdrawing from Bybit to external exchanges or personal wallet.

➢ Network fees fluctuate frequently. We recommend the cheapest and fastest method that you can use Ripple to deposit and withdraw. If you do not want to be exposed to the volatility of Ripple, you can deposit and withdraw through Tether(USDT), which network cost is slightly higher!

 

3. Funding Fee

 

➢  Funding fee is a way to reduce the gap between the price of spot and futures.

➢  Bybit also charges a funding fee every 8 hours like other exchanges.

➢  The funding fee of each coin will fluctuate according to the price gap.

 

If you see the recent BTCUSD inverse perpetual contract, you can see that the funding rate has been set in the range of 0.1-0.4%! It is usually around 0.01%; however, the price gap between spot and futures will increase for various reasons, such as increased market volatility, reduced trading volume, and a break in the algorithm for arbitrage trading between spot and futures.

 

 Above, you have learned about the fees of Bybit Futures Exchange!