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What is the cost of trading Bybit futures?

avatarDuc NguyenDec 24, 2021 · 3 years ago3 answers

Can you please provide a detailed explanation of the cost associated with trading Bybit futures? I would like to understand the fees, charges, and any other expenses involved in trading futures on the Bybit platform.

What is the cost of trading Bybit futures?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Trading Bybit futures involves several costs. Firstly, there are trading fees which are charged when you open or close a position. These fees vary depending on the contract type and the trading volume. Additionally, there might be funding fees which are charged every 8 hours to ensure the perpetual contracts stay close to the spot price. It's important to note that Bybit offers a fee discount program where you can reduce your trading fees by holding their native token. Overall, the cost of trading Bybit futures includes trading fees, funding fees, and potential discounts based on token holdings.
  • avatarDec 24, 2021 · 3 years ago
    When it comes to trading Bybit futures, you need to consider the various costs involved. These costs primarily include trading fees, funding fees, and any potential discounts. The trading fees are charged when you open or close a position and can vary based on the contract type and trading volume. Funding fees, on the other hand, are charged every 8 hours to maintain the perpetual contracts' price alignment with the spot price. Bybit also offers a fee discount program that allows users to reduce their trading fees by holding their native token. So, while there are costs associated with trading Bybit futures, there are also opportunities to save on fees through the discount program.
  • avatarDec 24, 2021 · 3 years ago
    Trading Bybit futures involves certain costs that traders should be aware of. These costs primarily include trading fees and funding fees. The trading fees are charged when you open or close a position, and they depend on the contract type and trading volume. Bybit also charges funding fees every 8 hours to maintain the perpetual contracts' price alignment with the spot price. It's worth noting that Bybit has a fee discount program that allows users to reduce their trading fees by holding their native token. So, if you're considering trading Bybit futures, it's important to factor in these costs and explore the potential fee discounts available.