Trading Fees (Commission)

Trading fees on Bybit MT5 are known as commissions. Please note that different types of trading contracts will have different commission rates. Kindly refer to the table below for more information.

 

 

 

 

For USDT Perpetual Contracts

Commissions for USDT Perpetual Contract trading will be charged only for position opening.

 

Therefore, the commission will be calculated as below for USDT Perpetual:

Commission = Contract Quantity x Open Price x Trading Fee Rate 

 

Example

Trader X (non-VIP user), opens a 1 BTC long position of BTCUSDT at 70,000 USDT and closes at 71,000 USDT. The commission will be calculated as follows

 

Commission = Contract Quantity x Open Price x Trading Fee Rate 

Commission = 1.00 x 70,000 USDT x 0.055% = 38.5 USDT

 

 

Note: Trading fees for USDT Perpetual will be based on the Taker Fee rate according to the user’s VIP level as stated in the Bybit Trading Fee Structure at this link, with the lowest trading fee being 0.03%.

 

 

 

For Forex, Precious Metal, Oil, Indices, and Commodities Contracts

Commissions for trading pairs other than USDT Perpetual will be based on the lot size traded regardless of VIP level.

 

The commission will be calculated as below for Forex, Metal, Commodities, Oil and Indices:

Commission = Contract Quantity (lot size) x Commission Per Lot

 

Example

Trader Y opens a 0.20 lot of SP500 indices in the long direction at the price of 5475 and closes at 5480. The commission will be calculated as follows

 

Commission = Contract Quantity (lot size) x Commission Per Lot

Commission = 0.20 x 3 USDT = 0.60 USDT

 

 

 

Logic of Commission Charge and Display

The commission will be charged directly upon the position opening and is deducted directly from the MT5 account balance. Please note that, unlike MT4, the commission column is no longer displayed within the Trade tab of the MT5 Terminal but can only be seen within the History tab. 

 

Trade Tab - No Commission Displayed

 

 

History Tab - Commission Displayed

 

 

Note: Within the History tab, users can right-click and select Orders & Deals to be able to see the full details of the transaction.

 

 

 

 

 

Swap Fee

For USDT Perpetual Contracts

Unlike the regular Funding Fees on Bybit's website, which are settled three (3) times a day every eight (8) hours, Funding fees for USDT Perpetual Contracts on MT5 will be displayed as Swap.

 

The Swap for USDT Perpetual Contracts on Bybit MT5 will be settled once every day at 11:59 PM (MT5 Client Terminal Time*). Swap fees will be charged to all traders holding positions (regardless of the direction) at the end of a swap interval.

 

The Swap Fee rate of each USDT Perpetual trading pairs on MT5 will be calculated based on the swap fee seen within the specification tab of the trading pair as shown in the screenshot below. 

 

 

The swap type is in annual percentage terms and therefore the calculation will be slightly different. Users may refer to the formula below.

 

Swap Fee = Lot Size x Market Price x (Swap Rate %/365)

 

Swap Rate = Amount displayed at the specification

Lot Size = The quantity of contract held

Market Price = The mid price at the end of the day 11:59 UTC+3*

 

For example, if a user held onto 1 BTCUSDT position and the mid price at the end of the day was 60,000, according to the swap fee in the screenshot above, the calculation will be as follows:

 

Swap Fee = 1 x 60,000 x (1.1174475%/365) = 1.8369 USDT

 

*MT5 Client Terminal Time is UTC+3 but will change to UTC+2 after daylight savings

 

 

 

For Forex, Precious Metal, Oil, Indices, and Commodities Contracts

Each contract within this category will be charged a swap fee (also known as overnight fees or rollover fees). Users may refer to the Specification of the contract within the MT5 Client Terminal.

 

At Bybit, swap fees for Forex, Precious Metal, Oil, and Commodities Contracts are charged by points while Indices are charged by money. This means the calculation of swap fees might be more complex than expected. Swap fees are charged when the positions are held past 00:00 server time*. 

 

There are two types of calculation methods used within Bybit MT5. Please see the details below.

 

 

 

By Money (Indices)

Formula = Swap x Lot x Holding Days

 

Example: Calculating Swap Fees for DJ30

User has 2 lots long for DJ30 and holds onto this position for two days past the trading hour.

 

Long Swap: -10.3341

Short Swap: 0

 

Calculation = -10.3341 x 2 x 2 = -41.3364 USD

 

 

 

By Points (Commodities, Forex, Metal, Oil)

Formula: Lot Size x Unit x Smallest Digit x Swap Rate x Holding Days

 

Example: Calculating Swap Fees for GAS-C (Gasoline) 

Consider an example of a long position in GAS-C, where the swap rate for a short position is -21.9. Suppose the trader held five positions with 1 lot each, giving a total lot size of 5.

 

Here’s how the calculation works:

• Contract Specifications: For GAS-C, 1 lot equals 42,000 units, and the contract's smallest price movement (smallest digit) is 0.0001.

• Total Lot Size: In this case, the trader held five positions of 1 lot, making the total lot size 5.

 

Using the formula:

Lot Size x Unit x Smallest Digit x Swap Rate x Holding Days

 

In this case, let’s break it down:

• Lot Size = 1 (per position)

• Unit = 42,000 (for GAS-C contracts)

• Smallest Digit = 0.0001 (for GAS-C contracts)

• Holding Days = 1

• Swap Rate = -21.9 (for a short position)

 

So, for each position:

1 x 42,000 x 0.0001 x -21.9 x 1 = -91.98

 

*MT5 Client Terminal Time is UTC+3 but will change to UTC+2 after daylight savings

 

 

 

Market Watch

Within the market watch window, right-click the contract and select Specification. Scroll down to Swap Long and Swap Short.

 

 

Kindly note that each contract will have their specific swap rates for both long and short positions. For more details on the different contracts, kindly check the MT5 Contract Specification here. In addition, a 3-day swap charge may apply.

 

 

 

What is a 3-Day Swap?

Financial markets (forex, commodities, indices, etc.) generally do not operate on weekends. However, the interest for these non-trading days still needs to be accounted for. The term "3-day swap" refers to the interest or financing cost that is applied to positions held overnight during the weekend. This fee is typically multiplied by three to account for the interest accrued when the markets are closed.

 

To compensate for the weekend, Bybit applies a 3-day swap charge on a specific day of the week, usually Wednesday. This ensures that the interest in holding positions over this period  is covered.

 

 

How It Works

1. Daily Swap Rates: Normally, swap rates (the cost of holding a position overnight) are applied at the end of each trading day.

2. 3-Day Swap Application: On a specific day (usually Wednesday), the swap rate is multiplied by three to cover the additional two days (Saturday and Sunday) when the market is closed.

3. Charging on Wednesdays: This practice aligns with the T+2 settlement convention (trade date plus two days), which is standard in many financial markets. Trades executed on Wednesday typically settle on Friday, thus positions held past this point incur weekend swaps.

 

Example

Forex Trading

Suppose you have a long position in EURUSD and the daily swap rate is -0.1 points.

• Daily Swap: -0.1 points

• 3-Day Swap Applied on Wednesday: -0.1 points × 3 = -0.3 points

 

If you hold the position from Wednesday to Thursday, the swap fee for that night will be -0.3 points instead of the usual -0.1 points.

 

 

Commodities and Precious Metals Trading

Similar to forex, if you hold a position in gold (XAUUSD) overnight, the 3-day swap on Wednesday will cover the weekend:

• Daily Swap Rate: Suppose the rate for gold is -0.2 points.

• 3-Day Swap Applied on Wednesday: -0.2 points × 3 = -0.6 points.

 

 

Indices Trading

For indices like the S&P500, the process is the same:

• Daily Swap Rate: Assume the rate is -0.05 points.

• 3-Day Swap Applied on Friday: -0.05 points × 3 = -0.15 points.

 

 

Importance for Traders

Understanding the 3-day swap is crucial for traders as it can significantly affect the cost of holding positions over the weekend. Properly accounting for these charges helps in better managing trading costs and making informed decisions about holding positions over the midweek.