If you’re trading futures on Bybit, you’ve probably noticed that fees eat into your profits faster than bad entries. A single high-leverage trade can cost you 1-2% in combined taker fees, which adds up fast when you’re scalping or running strategies. The good news? You can slash those costs by up to 60% with a few smart moves. Let’s break down exactly how to reduce fees on Bybit futures trading — without sacrificing your edge.
Key Takeaways
- Bybit charges 0.055% for takers and 0.018% for makers — but you can lower these with VIP tiers and the Bybit token (BIT).
- Using limit orders (maker fees) instead of market orders can cut your costs by roughly 67% per trade.
- Combining fee discount tokens, volume-based tiers, and referral bonuses can bring your effective rate close to zero.
What Are Bybit’s Standard Futures Fees?
Bybit uses a straightforward maker-taker model for perpetual and quarterly futures. The standard rates are 0.055% for taker orders and 0.018% for maker orders. A taker order is one that fills immediately from the order book — like a market buy or sell. A maker order adds liquidity to the book, like a limit order that doesn’t fill instantly. Over 100 trades, a taker paying 0.055% per side loses about 11% of their capital to fees alone. That’s brutal.
But here’s the thing: Bybit isn’t static. Your actual fee depends on your 30-day trading volume, your BIT token holdings, and whether you’re using the right order types. New traders often overlook these levers. And that’s exactly where you can start saving.
How Does the VIP Fee Structure Work?
Bybit has a tiered VIP system that rewards higher volume with lower fees. The base VIP 0 level is the standard 0.055%/0.018%. But if you trade more than 500 BTC in notional volume over 30 days, you hit VIP 1, which drops taker fees to 0.05% and maker fees to 0.015%. At VIP 5 (over 50,000 BTC), taker fees fall to 0.035% and maker fees to 0.005%. That’s a 36% reduction on taker fees and a 72% reduction on maker fees.
Most retail traders won’t hit VIP 5, but VIP 1 or VIP 2 is achievable if you’re trading regularly. Even moving from VIP 0 to VIP 1 saves you about 9% on every taker trade. Over a month, that’s real money.
Using the Bybit Token (BIT) for Fee Discounts
Bybit’s native token, BIT, gives you a direct discount on futures fees. If you hold BIT in your Bybit wallet and enable the fee discount, you get a 25% reduction on both maker and taker fees. That drops the taker rate from 0.055% to 0.04125% and the maker rate from 0.018% to 0.0135%. This stacks with VIP tiers, so if you’re VIP 1 and hold BIT, your taker fee becomes 0.0375% — a 32% total reduction from base.
The catch? BIT is volatile. Its value can swing 10-20% in a day. So while the fee discount is real, you’re taking on token price risk. If BIT drops 30% while you’re holding it to save on fees, you might lose more than you save. That’s why some traders only buy BIT right before trading and sell immediately after.
What Order Types Reduce Fees the Most?
The single biggest lever is switching from market orders to limit orders. Market orders always pay taker fees (0.055%). Limit orders that sit on the book and get filled later pay maker fees (0.018%). That’s a 67% reduction per trade. If you’re scalping with 20 trades a day, using limit orders instead of market orders saves you roughly 0.74% daily. Over a month, that’s around 22% less in fees.
But there’s a trade-off. Limit orders might not fill if the market moves against you. You could miss a breakout or get stuck with a partial fill. That’s why many pros use a hybrid approach: use limit orders for the majority of entries and exits, but accept market orders when speed matters. You just need to be disciplined about it.
Injective Ecosystem Perpetual Market Overview
Post-Only Orders: The Hidden Gem
Bybit offers a “Post-Only” order flag. When you enable this, your order will only be placed if it adds liquidity to the order book. If it would immediately match with an existing order, it gets canceled instead. This guarantees you always pay maker fees. It’s perfect for traders who are patient and don’t need instant fills. Just be aware that in fast markets, your order might get canceled repeatedly, and you could miss entries.
Another tip: use “Reduce-Only” orders when closing positions. These are designed to close your position without accidentally opening a new one. They also count as maker orders if they rest on the book, saving you fees on exits.
Can You Combine Discounts for Maximum Effect?
Yes, and this is where the math gets interesting. Let’s say you’re a VIP 1 trader (500 BTC monthly volume) who holds 10,000 BIT tokens (the minimum for the 25% discount). Your base taker fee is 0.05% (VIP 1), and with the BIT discount, it drops to 0.0375%. If you also use limit orders 80% of the time, your average fee per trade becomes roughly 0.022%. Compare that to a base taker at 0.055% — you’ve cut fees by 60%.
Add a referral discount on top. Bybit’s referral program gives you a 30% commission on your referees’ fees. If you refer active traders, that 30% rebate effectively reduces your own costs indirectly (though it’s not a direct fee discount). Some traders also use Bybit’s “Fee Discount” vouchers, which are occasionally distributed during promotions. These can give an extra 10-15% off for a limited time.
Frequently Asked Questions
What is the cheapest way to trade futures on Bybit?
The cheapest way is to use limit orders (maker fees) while holding BIT tokens for the 25% discount. If you can reach VIP 1 or higher, your effective rate drops even further. Combined, you can pay as little as 0.01% per trade.
Does Bybit charge fees on both entry and exit?
Yes. Bybit charges a fee when you open a position and again when you close it. Both sides are subject to the same maker/taker rates. This is standard across futures exchanges.
How do I check my current fee tier on Bybit?
Go to your Bybit account dashboard, click on “Fees” under the “Account & Security” section. You’ll see your VIP level, your 30-day trading volume, and your current fee rates for both maker and taker orders.
Can I use BIT tokens to pay for fees directly?
No. BIT tokens only provide a discount on fees — they don’t replace the fee payment. You still pay fees in USDT or the settlement currency. The discount is applied automatically when you hold BIT in your wallet with the fee discount flag enabled.
Do stop-loss and take-profit orders incur fees?
Yes. Stop-loss and take-profit orders are executed as market orders when triggered, so they incur taker fees. To reduce costs, use limit orders for your stop-loss and take-profit levels when possible.
Is there a fee for canceling an order?
No. Unfilled orders can be canceled at any time without any fee. Only filled orders incur charges. This means you can place and cancel limit orders freely to test the market.
Does Bybit charge funding fees on top of trading fees?
Yes. Perpetual futures have funding fees that are paid between long and short holders every 8 hours. These are separate from trading fees and depend on the difference between the perpetual contract price and the spot price. Funding fees can add up, especially in volatile markets.
Key Risks to Consider
While reducing fees is smart, don’t let it drive your trading decisions. Chasing maker fees by using limit orders in a fast-moving market can cause you to miss profitable entries or get stuck in losing positions. Always prioritize trade quality over fee savings. A 0.05% fee is irrelevant if you miss a 5% move.
Also, holding BIT for the discount exposes you to token price risk. In 2025, BIT dropped 40% in a single month during a market correction. If you’re holding 10,000 BIT at $0.50 each, that’s a $5,000 position. A 40% drop means a $2,000 loss — which could wipe out months of fee savings. Only hold BIT if you’re comfortable with that volatility or plan to trade it actively.
Finally, referral programs and fee vouchers are promotional. They can change or expire without notice. Don’t base your entire strategy on temporary discounts. Focus on consistent, risk-managed trading first, then optimize fees second.
Sources & References
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