Bybit Margin Trading Method | Fees | Interest
In this blog post, we will explore the margin trading methods, fees, and interest on Bybit. Investors who want higher returns than spot trading are particularly interested in margin trading. Bybit's margin trading allows trading on a larger scale than the funds held, allowing for high returns even with small capital. However, margin trading carries high profit potential and high risks, so unexpected losses can occur if the fee and interest structure are not fully understood. Especially, the risk of loan interest and liquidation is a very important factor in margin trading, so it must be understood. In this article, we will explain in detail the entire process of Bybit margin trading, the fee system, and how to calculate interest.
Bybit Margin Trading Method
Before starting margin trading, if you do not have an account yet, please sign up through the link below.
By signing up through the link above, you can enjoy the maximum fee discount benefits.
1. Selecting Cross/Isolated Mode
First, you must select and set either cross or isolated. Isolated mode is trading with only the margin you used, and you should note that cross uses all the funds in your wallet, so there is a risk of liquidation if a minus occurs. Isolated mode is recommended for beginners.
2. Setting Leverage
If you have selected cross and isolated, you can now set the leverage below. Bybit allows detailed leverage settings, and you can set it differently for cross and isolated, and you can set long and short separately. Please note that the maximum leverage differs for each coin.
3. Choosing Limit/Market Order
In Bybit futures trading, you can choose between limit and market orders in the [Open] menu at the top right of the screen. A limit order is a method of entering a position by setting the desired price of the coin, and a market order is a method of participating in a trade immediately at the current average price.
According to the Bybit margin fee standards changed after March 18, 2022, a fee of 0.01% is charged for limit orders, and 0.06% for market orders, and currently, the fee may vary depending on the user's level. Therefore, when using Bybit, using a limit order as much as possible helps to reduce fees.
4. Setting Amount
You can set the amount to be traded in [Order Price], and you can set it by entering directly with the keyboard or selecting the desired amount from the order book on the left.
5. Setting Quantity
You can set the quantity of coins to be traded in [Qty].
6. Setting Stop-Loss and Take-Profit in Advance
By checking the [Buy Long with TP/SL] option, you can set the stop-loss (TP) and take-profit (SL) in advance before trading.
7. Choosing Long/Short
Finally, you can choose between [Open Long] and [Open Short]. If you expect the coin price to rise, select long (Open Long), and if you expect the price to fall, select short (Open Short).
Bybit Margin Fees
- Limit Order (Maker Fee): 0.01%
- Market Order (Taker Fee): 0.06%
Bybit offers various margin trading products, and fees vary depending on the type of trade and user level. The fee information above is based on general users. Fee benefits are also given as the user level goes up. For example, for VIP 1 level, the market order fee is reduced to 0.04%, and the limit order fee is reduced to 0.018%. For Supreme VIP, the highest level, the market order fee is 0.03%, and the limit order fee is 0%.
Bybit Margin Interest
Bybit's fee standard was -0.025% in 2021, but it changed to 0.01% in 2023. Based on the market price, it can be seen that the limit price has increased, and the market price has decreased, from 0.075% in 2021 to 0.06% in 2023.
