Bybit USDT Futures Trading Maker Fee Structure
Bybit is a leading exchange that offers negative maker fees for USDT perpetual futures trading. Negative maker fees mean the exchange actually pays traders fees, serving as an incentive policy for liquidity providers.
Understanding the Difference Between Maker and Taker
What is a Maker Order? A maker order is a limit order that adds liquidity to the order book. It refers to orders that are not immediately executed and wait in the order book. Conversely, taker orders consume existing order book liquidity and execute immediately.
Bybit’s VIP Tier Fee Structure Bybit divides VIP levels based on trading volume and BIT token holdings, applying different fee rates for each tier. Regular users (VIP 0) can also benefit from negative maker fees in USDT futures trading.
Specific Methods to Receive Negative Fees
-
Using Limit Orders To receive negative fees, you must use limit orders. Market orders are always classified as taker orders and incur fees.
-
Utilizing Post-Only Option Activating Bybit’s ‘Post-Only’ option ensures your orders are executed only as maker orders. If you place an order at a price that would execute immediately, it automatically cancels to avoid taker fees.
-
Setting Appropriate Prices Set buy limit orders below current market price or sell limit orders above to ensure your orders are registered in the order book. Prices too far from market have low execution probability, so maintaining appropriate distance is crucial.
Strategies to Maximize Fee Rebates
Benefits of Holding BIT Tokens Holding a certain amount of BIT, Bybit’s native token, can elevate your VIP level for more favorable fee conditions. Combined with trading volume considerations, this enables effective fee reduction.
Managing Cumulative Trading Volume Systematically managing your 30-day trading volume allows you to maintain or increase your VIP level. Higher VIP levels offer increased maker rebate rates.
Precautions and Risk Management
Since maker orders don’t execute immediately, there’s risk of not entering at desired prices in rapidly changing markets. Also, trading solely for fee rebates can lead to greater losses, so fee optimization should be considered within your overall trading strategy.
Additionally, utilizing cashback programs from various exchanges beyond Bybit can further reduce trading costs. It’s important to compare conditions and benefits across exchanges to select platforms that suit your trading style.
Cryptocurrency trading carries risk of principal loss due to high volatility, requiring careful investment decisions.
📩 Subscribe / 무료 구독 — exchange fee & cashback updates: https://getusdtcard.com/agentcorp/subscribe.html
