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. 

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

Note: The table below shows the trading fee you’ll be charged when you trade Spot markets on Bybit and is applicable to Non-VIP users. For more information on the VIP rate, please refer to the overview of Trading Fee Structure. 

The formula for Spot:

Trading Fee = Filled Order Quantity x Trading Fee Rate
 

Taking BTC/USDT as an example:

If the current price of BTC is $40,000. Traders can buy or sell 0.5 BTC with 20,000 USDT.

Trader A buys 0.5 BTC using a Market Order with USDT.
Trader B buys 20,000 USDT using a Limit Order with BTC.

Taker's Fee for Trader A = 0.5 x 0.1% = 0.0005 BTC
Maker's Fee for Trader B =20,000 x 0.1%= 20 USDT

After the order is filled:
Trader A buys 0.5 BTC with a Market Order, so he will pay a Taker's Fee of 0.0005 BTC. Therefore, Trader A will receive 0.4995 BTC.

Trader B buys 20,000 USDT with a Limit Order, so he will pay a Maker's Fee of 20 USDT. Therefore, Trader B will receive 19,980 USDT.

Notes:

— The trading fee unit charged is based on the purchased cryptocurrency.

— There is no trading fee for unfilled parts of orders and cancelled orders.