We’ve put together a complete summary of how to get discounts on Bybit fees and referral codes. You can easily find everything from different types of fees (spot, futures, etc.) to useful discount tips all in one place.
Summary of Bybit Fee Discount Methods
Summary of Bybit Referral Code
Sign up on Bybit with a referral code, you can get 20% discount on Bybit trading fees.
| Bybit Referral Code (👇🏻Click to auto-apply) |
Benefits |
|---|---|
| Enter during sign-up Get up to 20% off trading fees Receive up to 30,000 USDT |
Summary of Bybit Fee Discount Methods
There are three main ways to get fee discounts on Bybit.
All of the methods listed below can be combined together.
| No. | Discount Method | Discount Benefit |
|---|---|---|
| 1 | Sign up with Bybit Referral Code | 20% off trading fees Up to 30,000 USDT reward |
| 2 | VIP & PRO Tier Benefits | Up to 89% off spot fees Up to 100% off futures fees |
| 3 | Spot trading through futures | 80% off limit orders for spot 45% off market orders for spot |
- Please refer to the details below.
(Fee Discount Method 1) Bybit Referral Code
What is a Bybit Referral Code?
A Bybit referral code is a discount code you can enter when signing up for Bybit to receive fee discounts.
It’s also referred to as a “Bybit fee discount code”, “Bybit invitation code”, or “Bybit referrer code”.
One of the most widely used Bybit referral codes is “YWMGYG”. [Source: Bybit]
Bybit Referral Code
Bitsave provides a referral code that gives you a 20% discount on Bybit trading fees.
| Bybit Referral Code (👇🏻Click to auto-apply) |
Benefits |
|---|---|
| Enter during sign-up Get up to 20% off trading fees Receive up to 30,000 USDT |
- Clicking the referral code above will automatically apply the code. Feel free to use it.
- When signing up with the referral code, all trading fees are instantly discounted by 20%.
Referral Code Fee Discounts
| Type | Regular Fee | Referral Code Fee |
|---|---|---|
| Spot/Margin Limit Order |
0.1% | 0.08% (20% off) |
| Spot/Margin Market Order |
0.1% | 0.08% (20% off) |
| Futures Limit Order |
0.02% | 0.016% (20% off) |
| Futures Market Order |
0.055% | 0.044% (20% off) |
- Fee rates including VIP discount benefits can be found at [VIP Trading Fee Discounts].
(Fee Discount Method 2) Bybit VIP & PRO Tier Upgrade
What are Bybit VIP & PRO Tiers?
Bybit’s VIP & PRO Tiers are special fee benefit programs designed for high‑volume traders who trade frequently. There are VIP and PRO tiers, and compared to many other exchanges, the tiers are more granular and offer more benefits.
VIP & PRO Tier Trading Fees
VIP & PRO Tier Requirements
To qualify for a VIP or PRO tier, you only need to meet one of the following conditions based on your USD balance or 30‑day trading metrics:
| Tier | Balance (USD) |
30‑Day Avg Borrow (USD) |
30‑Day Spot Volume (USD) |
30‑Day Futures Volume (USD) |
|---|---|---|---|---|
| VIP 0 | – | – | – | – |
| VIP 1 | ≥ 50,000 | ≥ 50,000 | ≥ 1,000,000 | ≥ 10,000,000 |
| VIP 2 | ≥ 250,000 | ≥ 500,000 | ≥ 5,000,000 | ≥ 25,000,000 |
| VIP 3 | ≥ 500,000 | ≥ 1,000,000 | ≥ 10,000,000 | ≥ 50,000,000 |
| VIP 4 | ≥ 1,000,000 | ≥ 1,500,000 | ≥ 25,000,000 | ≥ 100,000,000 |
| VIP 5 | ≥ 2,000,000 | ≥ 2,000,000 | ≥ 50,000,000 | ≥ 250,000,000 |
| Supreme VIP | N/A | N/A | ≥ 100,000,000 | ≥ 500,000,000 |
| Pro 1 | N/A | N/A | ≥ 25,000,000 | ≥ 100,000,000 |
- The “30‑day average borrow” refers to the total amount borrowed in margin or loan trading. If the average borrowed amount (in USD) stays above a certain threshold over 30 days, the tier is maintained.
VIP & PRO Tier Trading Fees
VIP & PRO tier discounts will be automatically applied to both spot and futures trading fees.
(When Using Referral Code) VIP & PRO Tier Fees
If you signed up using the [Bybit Referral Code], you can receive an additional 20% discount on VIP & PRO tier trading fees.
- The fee rates shown are rounded for readability and may differ slightly from actual rates.
(Fee Discount Method 3) Spot Trading via Futures on Bybit
As you can see in the [Bybit Fee Types], futures trading fees can be up to 80% lower than spot trading fees.
- For limit orders, futures fees are 80% lower than spot trading.
- For market orders, futures fees are also about 45% cheaper than spot fees.
If you’re looking to save on trading fees at Bybit, using futures is a great option. Futures trading doesn’t require leverage—you can simply set the leverage to 1x and trade in a way that’s very similar to spot trading. In this case, there’s no liquidation risk, and you still benefit from significantly lower fees.
Bybit’s futures market is more active and has a wider variety of assets than the spot market. New coins are often listed on the futures market first, and both volume and liquidity tend to be higher than in spot trading.
So, if you’re trading on Bybit, take full advantage of the futures market to minimize your fees.
Types of Bybit Fees
Bybit has various types of fees, including spot trading fees, futures trading fees, and asset transfer fees. Understanding the structure and conditions of each fee in advance can help you manage your assets more efficiently.
Spot Fees
Spot fees are charged by the exchange when executing spot trades. For example, buying Bitcoin with USDT or selling Ethereum immediately are considered spot transactions involving real asset exchange.
| Type | Limit Order | Market Order |
|---|---|---|
| Spot Trading Fee | 0.1% of trade amount | 0.1% of trade amount |
Futures Fees
Futures fees are charged when executing futures trades. Futures trading does not involve immediate asset exchange but instead the buying and selling of contracts based on the future price of an asset.
| Type | Limit Order | Market Order |
|---|---|---|
| Futures Trading Fee | 0.02% of trade amount | 0.055% of trade amount |
| Futures Funding Fee | Position size × Funding rate (varies depending on market conditions) | |
- The futures funding fee is a cost incurred while holding a position in the futures market. Depending on market dynamics, you may either pay or receive this fee.
Asset Transfer Fees
Bybit’s asset transfer fees apply when depositing, withdrawing, or swapping assets. There are three main types: deposit fees, withdrawal fees, and swap fees.
| Type | Fee |
|---|---|
| Deposit Fee | None |
| Withdrawal Fee | None (only network fee applies) |
| Coin Swap Fee | 0.1% |
- Bybit deposit/withdrawal fees apply when transferring assets to or from other exchanges.
- Swap fees apply when exchanging one coin for another directly on Bybit without going through a trade.
Bybit Futures Fee Structure
Earlier, we briefly touched on [Types of Bybit Fees], including futures fees. However, to trade futures more safely and efficiently, it’s important to understand the fee structure in greater detail.
So here, we’ve outlined the different types of Bybit futures fees in more depth.
Futures Trading Fees
Futures trading fees refer to the costs incurred when executing futures trades on Bybit.
| Category | Limit Order | Market Order |
|---|---|---|
| Standard Futures Fee | 0.02% of trade amount | 0.055% of trade amount |
| Futures Fee with Referral Code | 0.016% of trade amount | 0.044% of trade amount |
Leverage-Adjusted Futures Fees
What Is a Leverage Fee?
One of the key differences between spot and futures trading is the ability to use leverage. Leverage allows you to open a position larger than your initial capital. For example, with 1 million KRW, you can trade with a position size of 10 million KRW using 10x leverage.
In this case, the trading fee is calculated not on your capital but on the full size of the position. Therefore, the higher the leverage, the greater the overall fee burden becomes.
This is commonly referred to as a “leverage fee,” but technically, it is not an extra fee charged by Bybit. It simply reflects the increased fee impact that comes with a larger leveraged position.
Leverage-Based Futures Fees
| Leverage | Limit Order Fee | Market Order Fee |
|---|---|---|
| 1x | 0.020% | 0.055% |
| 2x | 0.040% | 0.110% |
| 5x | 0.100% | 0.275% |
| 10x | 0.200% | 0.550% |
| 20x | 0.400% | 1.100% |
| 50x | 1.000% | 2.750% |
| 100x | 2.000% | 5.500% |
| 125x | 2.500% | 6.875% |
- Bybit allows up to 125x leverage for futures trading, but the maximum leverage may vary depending on the specific cryptocurrency.
Futures Leverage Fees (with Referral Code)
If you signed up using the [Bybit Referral Code] mentioned above, you will receive an additional 20% discount on standard futures trading fees.
| Leverage | Limit Order Fee | Market Order Fee |
|---|---|---|
| 1x | 0.016% | 0.044% |
| 2x | 0.032% | 0.088% |
| 5x | 0.080% | 0.220% |
| 10x | 0.160% | 0.440% |
| 20x | 0.320% | 0.880% |
| 50x | 0.800% | 2.200% |
| 100x | 1.600% | 4.400% |
| 125x | 2.000% | 5.500% |
- The fees shown in the table are rounded for clarity and may slightly differ from the actual rates applied.
Bybit Funding Fee for Futures
What is a Funding Fee?
Futures funding fees refer to charges incurred while maintaining a position. Depending on demand between long and short positions, traders either pay or receive funding fees.
This mechanism helps to minimize the price difference between the futures market and the spot market, ensuring price alignment.
Funding Fee and Settlement Time
| Type | Details |
|---|---|
| Funding Fee | Position Size × Funding Rate |
| Funding Settlement Times | 3 times daily every 8 hours (09:00, 17:00, 01:00 KST) |
Funding Rate
Bybit funding fees are calculated based on the funding rate multiplied by your position size.
The actual rate is not fixed and changes in real time based on market demand for long and short positions.
- If short positions dominate, the funding rate becomes negative, and short traders pay long traders.
- If long positions dominate, the rate becomes positive, and long traders pay short traders.
Funding fees are not collected by the exchange. Instead, they are exchanged directly between traders depending on market positioning.
- Funding fees are only charged at settlement times. Even if a rate is displayed, it won’t apply outside those hours.
Bybit Trading Fee Frequently Asked Questions (FAQ)
We have compiled a list of frequently asked questions related to Bybit fees.
Click on a question below to view the detailed answer.
What is a Bybit referral code?
Where can I find information about Bybit’s fees?
When should I enter a referral code?
Which is cheaper—swap fees or spot trading fees?
Is Bybit’s security system safe?
Notice from Bitsave
BitSave provides cryptocurrency market information only. It does not constitute financial advice or investment solicitation. All investment decisions and responsibilities lie with the individual.