I feel I'm being overcharged.

[Dr.Bitcoin_Strange]

Hello traders, I don't know if anyone of you have experienced this thing too while trading. If you placed a trade (just one open position), how many times or places are you being charged for that trade? I have been observing this with bybit exchange for a long time but yet I still continue trading there because of their volume, but I want to get a clarification on this, is it how it is on the exchange you are using?

The image below is a screen shot of what I'm talking about, each time I take a trade, I will always see different charges like this and it can be higher depending on the amount used in opening the trade.

[sergiorus]

The bottom one is a funding payment for keeping the position open and it changes all the time, but you also get paid if your position is in different direction from the crowd.

The rest are trading fees. They are a % of the order size but the % is a little bit different for Maker orders and Taker orders.

[Oshosondy]

You can solve the math yourself.

Taker fee: 0.02%
Maker fee: 0.055%

If you enable MNT deduction
Taker fee: 0.018%
Maker fee: 0.0495%

Use it to calculate the amount of money in your position.

The funding fee, you can see it here:


You can use that to calculate it.

Bybit is good for trading is what I know with my past experience on the exchange. I also like that after you open position, the trading fee that will be used to close the position is not on your PnL where you want to close the position. The fee will be hidden where you want to close it, but not hidden on the future trading part.

[Zaguru12]

The bottom one is a funding payment for keeping the position open and it changes all the time, but you also get paid if your position is in different direction from the crowd.

The rest are trading fees. They are a % of the order size but the % is a little bit different for Maker orders and Taker orders.

Yes the last was actually a funding fee and from the negative signs it’s seems it’s short positions actually paying the long positions, it would be positive in the other direction I am not to sure how this is calculated again.

The others are trading fees on different orders using the market orders. What I see though is that OP is trading with smaller amount and high leverage.

[Charles-Tim]

Yes the last was actually a funding fee and from the negative signs it’s seems it’s short positions actually paying the long positions, it would be positive in the other direction I am not to sure how this is calculated again.

You are right, the short will pay the long. How it is calculated is based on percentage of the amount used to long or short which you can see on the image on the second reply.

What I see though is that OP is trading with smaller amount and high leverage.

The OP is using 1x leverage. 0.055÷100×69.6 = 0.3828

[Dr.Bitcoin_Strange]

Thanks for the explanation so far, I think I have already gotten 90% of the answer I'm seeking but one more thing is still not clear to me, concerning the taker and maker fee which was mentioned, from the picture I posted, you guys can see how many times the fee is being taken except for the funding fee which was just ones. So, I still do not understand this taker and maker fee stuff, is it that they will always charge that percentage repeatedly as long as my position is open?

[sergiorus]

I still do not understand this taker and maker fee stuff, is it that they will always charge that percentage repeatedly as long as my position is open?

No you only charged it per order but keep in mind opening a position and closing a position are 2 separate orders.

You will get charged the funding fee every few hours or whatever the rules are on the platform you trade on, as long as your position is open and is on the crowd's side. If it is against the crowd (i.e. you are long whilst the majority is short) you will get paid that fee amount instead.
Keep in mind, that can change every funding period.


And as of what Taker/Maker is, you can google for detailed info but roughly saying Maker puts Limit Orders (Makes the market) and Taker puts market orders (Takes from the market).