Topics
    Perpetual & Futures Contract: Fees Explained
    bybit2024-10-16 20:08:33

    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. 

    • The trading fee is deducted from the account balance, and it doesn’t affect the initial margin of the order.

    • Traders can view their incurred trading fees from the trading history

     

    Note: The table below displays the base trading fee rates for various products for each VIP level. However, the actual fee rates may vary depending on your region, For the accurate fee rates, please always refer to the My Fee Rate page after completing Identity Verification.

     

    Trading Fee Rate

    The table below displays the base trading fee rates for various products and the criteria required for each VIP level. However, the actual fee rates may vary depending on your region, For the accurate fee rates, please always refer to the My Fee Rate page after completing the Identity Verification.

     

    Inverse Perpetual & Futures Contract

    1. Trading Fee

    Taker Fee Rate

    Maker Fee Rate

    0.055% 

    0.02%

     

    Formula 

    Trading Fee = Order Value × Trading Fee Rate

    Order Value = Quantity / Executed Price

     

    Example

    Trader A buys 10,000 BTCUSD contracts using a Market order.

    Trader B sells 10,000 BTCUSD contracts using a Limit order.

     

    Assuming that the execution price is $8,000:

    Taker fee for Trader A = 10,000/8,000 × 0.055% = 0.0006875 BTC

    Maker fee for Trader B = 10,000/8,000 × 0.02% = 0.00025 BTC

    Hence, upon execution, Trader A will pay a 0.0006875 BTC Taker's fee and Trader B will pay a 0.00025 BTC Maker’s fee.

     

     

    2. Settlement Fee (Only applicable to Inverse Futures Contract)

    All Futures contracts have an expiration date (also known as a settlement date), and due to this product characteristic, all Futures positions will be entirely closed by the specified settlement date. Therefore, when traders decide not to manually close their position, at the point of reaching the settlement date, the system will automatically settle the position. In the process, a 0.05% settlement fee will be collected by the platform.  

     

    Formula 

    Settlement Fee = Order Value × Settlement Fee Rate

    Order Value = Quantity / Executed Price

     

    Example

    A trader holds a BTCUSD0331 Futures position of 10,000 quantities at $20,000. He decided not to manually close the position and hold the position until the settlement date. On Mar 31, 2023, at 08:00:00 UTC, the system will automatically close and settle his position.

     

    Assuming that the settlement price is $20,600:

    Settlement fee =  (10,000/20,000) x 0.05% = 0.00025 BTC 

     

    Hence, upon the settlement date, the trader will need to pay 0.00025BTC of the settlement fee. 

     

    Note: Please be informed that settlement fees are fixed (regardless of your VIP level) and will not be subject to any fee discounts or rebates unless otherwise specified in the campaign's Terms and Conditions.

     

     

     

    USDT Perpetual Contract

    Trading Fee

    Taker Fee Rate

    Maker Fee Rate

    0.055% 

    0.02%

     

    Formula

    Trading Fee = Order Value × Trading Fee Rate

    Order Value = Quantity × Executed Price

     

    Example

    Trader A buys 10 BTC contracts using a Market order.

    Trader B sells 10 BTC contracts using a Limit order.

     

    Assuming that the execution price is 8,000 USDT:

    Taker Fee for Trader A = 10 × 8000 × 0.055% = 44 USDT

    Maker fee for Trader B = 10 × 8000 × 0.02% = 16 USDT

     

    Hence, upon execution, Trader A will pay a 44 USDT Taker's fee and Trader B will pay a 16 USDT Maker’s fee.

     

     

     

    USDC Perpetual & Futures Contract 

    1. Trading Fee

    Taker Fee Rate

    Maker Fee Rate 

    0.055%

    0.02%

     

    Formula

    Trading Fee = Order Value × Trading Fee Rate

    Order value = Order Quantity × Executed Price

     

    Example

    Trader A buys 10 BTC of BTC-PERP contract using a Market order.

    Trader B sells 10 BTC of BTC-PERP contract using a Limit order.

     

    Assuming that the execution price is $50,000:

    Taker's Fee for Trader A = 10 × 50,000 × 0.055% = 275 USDC

    Maker fee for Trader B = 10 × 50,000 × 0.02% = 100 USDC

     

    Upon execution, Trader A pays a 275 USDC Taker's Fee, and Trader B will pay a 100 USDC Maker’s fee.

     

     

    2. Settlement Fee (Only applicable to USDC Futures Contracts)

    All Futures contracts have an expiration date (also known as a settlement date) and due to this product characteristic, all Futures positions will be entirely closed by the specified settlement date. Therefore, when traders decide not to manually close their position, at the point of reaching the settlement date, the system will automatically settle the position. For USDC Futures Contracts, no settlement fee will be charged.

    Was it helpful?
    yesYesyesNo