Is Bybit cheaper than Binance?

On spot at the base tier they are identical at 0.1% maker and taker. On futures Binance's taker fee is slightly lower (0.05% against Bybit's 0.055%) and makers pay the same 0.02% on both. Binance's BNB discount cuts its spot fee to 0.075% if you hold BNB and pay fees with it.

What does a $1,000 spot trade cost?

$1 per side on either exchange at the base tier — $2 for a round trip. With Binance's BNB discount, $0.75 per side.

What does a $10,000 futures position cost?

As a taker, $5.50 to open on Bybit and $5.00 on Binance; as a maker, $2 on either. Leverage does not change the fee rate, only the notional it applies to.

Do fees change with a referral code?

No. Neither exchange changes its fee schedule for a referral code. Codes attach welcome rewards; fees follow the account's tier.

Bybit fees vs Binance fees: spot, futures, real trade cost

Updated 2026-09-06

Fees are the number that outlasts every bonus. This page compares the two exchanges' published base schedules, then turns the percentages into dollars on the trades people actually make, and notes the two things that move the numbers: Binance's BNB discount and both exchanges' VIP tiers. Figures come from the exchanges' own fee pages, checked on the date at the bottom.

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Spot: identical at the base tier

Bybit's base spot fee is 0.1% maker and 0.1% taker. Binance's Regular User spot fee is 0.1% maker and 0.1% taker. There is no difference for a new account paying fees in the traded asset.

Binance's one lever is BNB. Hold BNB and pay fees with it and the spot rate drops to 0.075% on both sides. That is a real 25% saving for a Spot-heavy trader who is comfortable holding a balance of Binance's own token, which also carries its own price risk. Bybit has no equivalent token discount at the base tier; its fee reductions come only through VIP.

Futures: a small edge to Binance on the taker side

Bybit's base derivatives fee is 0.02% maker and 0.055% taker. Binance's USDⓈ-M futures Regular User fee is 0.02% maker and 0.05% taker. Makers pay the same on both. Takers pay 0.005 percentage points more on Bybit, which is 10% more in relative terms.

On a $10,000 position that is $5.50 against $5.00 to open as a taker, and the same again to close. For a trader doing $1 million of taker volume a month, the gap is $50. It is a real difference and a small one, and it disappears entirely for anyone who places limit orders and gets filled as a maker.

What a trade actually costs

Spot, $1,000 buy and later sell, base tier: $1 in and $1 out on either exchange, $2 total. With Binance's BNB discount, $1.50 total.

Futures, $10,000 notional opened and closed with market orders: $11 on Bybit, $10 on Binance. Opened and closed with limit orders that fill as maker: $4 on either.

Futures, $500 margin at 20x, so $10,000 notional: the same $11 or $10, because the fee applies to the notional, not the margin. This is the number that surprises new traders: leverage multiplies the fee bill along with the position.

How VIP changes it

Both exchanges cut fees by tier. Bybit VIP 1, at $100,000 in assets or $500,000 of 30-day volume, pays 0.0675% spot maker and 0.08% taker; the VIP levels guide has every tier. Binance's tiers are set on 30-day volume and BNB balance together, so climbing them means holding the token as well as trading. For most retail accounts neither tier is in play and the base schedule above is the real comparison.

Beyond the headline rate

Two costs sit outside the fee schedule on both exchanges. Funding payments on perpetual futures, exchanged between longs and shorts every few hours, can exceed trading fees for a position held overnight, and they vary by market and moment. Withdrawal fees track network costs and change with congestion. Neither is a reason to prefer one exchange, but both belong in the arithmetic; the Bybit fees guide walks through them.

Which one to pick on fees

For a Spot trader willing to hold BNB, Binance is cheaper at the base tier by a quarter. For a Spot trader who does not want the token, they are identical. For a futures taker, Binance is marginally cheaper; for a futures maker, identical. The fee difference is small enough that the welcome programme, the products you want and the regulatory picture in your country matter more; the Bybit vs Binance bonus comparison covers the first, and Bybit's availability guide the last. Bybit's welcome programme starts with a $100 sign-up bonus for accounts registered through the button on this page.

Frequently asked questions

Is Bybit cheaper than Binance?: On spot at the base tier they are identical at 0.1% maker and taker. On futures Binance's taker fee is slightly lower (0.05% against Bybit's 0.055%) and makers pay the same 0.02% on both. Binance's BNB discount cuts its spot fee to 0.075% if you hold BNB and pay fees with it.
What does a $1,000 spot trade cost?: $1 per side on either exchange at the base tier — $2 for a round trip. With Binance's BNB discount, $0.75 per side.
What does a $10,000 futures position cost?: As a taker, $5.50 to open on Bybit and $5.00 on Binance; as a maker, $2 on either. Leverage does not change the fee rate, only the notional it applies to.
Do fees change with a referral code?: No. Neither exchange changes its fee schedule for a referral code. Codes attach welcome rewards; fees follow the account's tier.