Bybit vs Phemex Fees 2026: Spot, Futures and the Net Rate
Regular Spot matches at 0.10%. Futures Maker is lower on Phemex. Futures Taker is lower on Bybit. Then the net after cashback, venue by venue.
- Regular Spot Maker and Spot Taker match at 0.10% on Bybit and on Phemex.
- Regular Futures Maker is 0.01% on Phemex and 0.0200% on Bybit. Regular Futures Taker is 0.0550% on Bybit and 0.06% on Phemex.
- Phemex VIP 1 on contracts opens at 8,000,000 USDT of 30 day contract volume. Bybit VIP 1 opens at 10,000,000 USDT of 30 day derivatives volume.
- Trade Reclaim returns 30% of trading fees on Bybit.
- Trade Reclaim returns 80% of trading fees on Phemex. Live Phemex fee cuts besides cashback are VIP, PT and vePT.
Open and close a 50,000 USDT Futures position as Taker and the two venues already disagree on the bill. Bybit bills 0.0550% of the round trip. Phemex bills 0.06%. One trade looks cheap. A year of the same size is not. The schedules below come from Bybit and Phemex, then the net after cashback on each venue.
How do Bybit and Phemex trading fees compare?
Spot matches at the regular tier. Phemex is cheaper on Futures Maker. Bybit is cheaper on Futures Taker.
Those four lines decide most accounts that never reach VIP 1. Discounts sit on top of the regular row. They do not replace it. Source: the Bybit fees you need to know page and the Phemex trading fee structure. Verified 25 August 2026.
The Bybit Trade Reclaim column applies 30% cashback.
The Phemex Trade Reclaim column applies 80% cashback. Live pages: Bybit cashback and Phemex cashback.
| Line | Bybit regular | Phemex regular | Bybit with Trade Reclaim | Phemex with Trade Reclaim |
|---|---|---|---|---|
| Spot Maker | 0.10% | 0.10% | 0.0700% | 0.0200% |
| Spot Taker | 0.10% | 0.10% | 0.0700% | 0.0200% |
| Futures Maker | 0.0200% | 0.01% | 0.0140% | 0.0020% |
| Futures Taker | 0.0550% | 0.06% | 0.0385% | 0.0120% |
Who has lower Spot fees?
Nobody. Regular crypto Spot is 0.10% Maker and 0.10% Taker on both venues.
A 50,000 USDT Spot fill costs 50 USDT as Maker and 50 USDT as Taker on Bybit and on Phemex. There is no Taker premium on this Spot row at VIP 0. Fiat crypto pairs on Bybit use a separate grid that starts higher than 0.10%. This article uses crypto Spot.
Phemex VIP 1 still posts 0.1000% Spot Taker and cuts Spot Maker to 0.0900% once you hit 800,000 USDT of 30 day Spot volume, 32,000 vePT, or 50,000 USDT average assets (one test is enough). Do not copy a screenshot of Bybit Spot VIP 1 onto this page. Read the live Bybit row after you qualify. Neither venue applies a token cut to this Spot base row.
Who has lower Futures fees?
Maker is lower on Phemex. Taker is lower on Bybit, at the regular tier.
Regular Bybit USDT Perpetual and dated Futures are 0.0200% Maker and 0.0550% Taker, as published on the Bybit fee page. Regular Phemex contracts are 0.01% Maker and 0.06% Taker, as published in the Phemex Futures fee structure. Open and close a 50,000 USDT position as Taker and you pay 55 USDT on Bybit against 60 USDT on Phemex. As Maker, that round trip is 20 USDT on Bybit and 10 USDT on Phemex.
On Bybit, Taker is a little under three times Maker. On Phemex, Taker is six times Maker. A Limit Order that rests on Phemex moves the contract trading fee from 0.06% to 0.01%. Funding sits outside this table. It moves between longs and shorts. Neither schedule discounts it.
Which VIP ladder cuts fees first?
Phemex VIP 1 on contracts opens at a lower 30 day volume than Bybit VIP 1. Bybit VIP 1 then cuts Taker harder.
Phemex opens its ladder earlier. 8,000,000 USDT of 30 day contract volume, or 50,000 USDT in average assets, puts an account on VIP 1, and Phemex also counts 800,000 USDT of Spot volume or a 32,000 vePT position toward the same row, per the Phemex fee structure. Bybit asks for more: 10,000,000 USDT of 30 day derivatives volume or 100,000 USDT in assets, per the Bybit VIP programme. A trader climbing both ladders at once usually clears Phemex first.
From VIP 1 the two ladders pull in different directions: Phemex keeps cutting Maker until it almost disappears at the top, while Bybit spends its cuts on Taker. The table shows the base row and the two ends of the ladder. Read the row you actually qualify for, not the one you hope to reach. Star VIP rows sit outside this comparison.
| Tier | Bybit | Phemex | Bybit with Trade Reclaim | Phemex with Trade Reclaim |
|---|---|---|---|---|
| Regular | 0.0200% / 0.0550% | 0.01% / 0.06% | 0.0140% / 0.0385% | 0.0020% / 0.0120% |
| VIP 1 | 0.0180% / 0.0400% | 0.0080% / 0.0550% | 0.0126% / 0.0280% | 0.0016% / 0.0110% |
| VIP 5 | 0.0100% / 0.0320% | 0.0010% / 0.0350% | 0.0070% / 0.0224% | 0.0002% / 0.0070% |
Maker / Taker on USDT contracts. The net columns apply 80% cashback on Phemex and 30% on Bybit; VIP 2–4 sit between the rows shown.
What do you pay after cashback?
Trade Reclaim returns 30% of the trading fees you pay on Bybit, in USDT, withdrawable anytime.
On the regular schedule, Phemex wins on Futures Maker and Bybit wins on Futures Taker. Spot matches. You do not change how you trade. The link is your public UID. Run the same size through the cashback calculator.
Trade Reclaim returns 80% of the trading fees you pay on Phemex, in USDT, withdrawable anytime. After that rebate, the Phemex net is lower on Spot, on Futures Maker and on Futures Taker. The Phemex cashback page holds the live Phemex figure. Stack order is cashback first, then PT or MNT where it applies, then VIP.
What does one position cost?
A 50,000 USDT Futures position, opened and closed as Taker, costs 55 USDT on Bybit and 60 USDT on Phemex before cashback.
At 5 round trips a week that is 275 USDT a week on Bybit. Over 52 weeks: 14,300 USDT. 30% back is 4,290 USDT. Net paid: 10,010 USDT. As Maker, the same year is 5,200 USDT on Bybit before cashback.
At 5 round trips a week that is 300 USDT a week on Phemex. Over 52 weeks: 15,600 USDT. 80% back is 12,480 USDT. Net paid: 3,120 USDT. As Maker, the same year is 2,600 USDT on Phemex before cashback. A 10,000 USDT position at the same pace is one fifth of those figures.
Put your own position size into the cashback calculator. The output is a yearly trading fee bill. It is not a monthly volume slogan.
Who can actually open these accounts?
This comparison covers the global Bybit and Phemex platforms. It is not a list of every licensed local entity.
EEA traders use bybit.eu under MiCA. The fee math here follows the global bybit.com schedule. Phemex requires KYC and posts a 0 USDT withdrawal cap until that KYC is done.
Japan: Bybit completed its exit on 22 July 2026. This article does not present Bybit as a venue Japanese residents can open. The timeline is in Is Bybit available in Japan?. Phemex does not list Japan on its restricted country page. United States residents are not served by either global platform.
So which is cheaper in 2026?
Makers pay less on Phemex. Takers pay less on Bybit. Spot does not care.
Choose the book that matches how you fill and where you are allowed to trade. Then take cashback through Trade Reclaim. Full single venue notes sit in Bybit fees and Phemex fees.
Setup and live rates: Bybit cashback and Phemex cashback.
See the net rate on Bybit and Phemex
Enter a position size and trades per day. The calculator prints the yearly trading fee bill and the cashback on each venue.
Public UID only. No API keys.
Frequently asked questions
Is Bybit cheaper than Phemex?
On regular Futures Taker, yes: Bybit bills 0.0550% and Phemex bills 0.06%. On regular Futures Maker, no: Phemex bills 0.01% and Bybit bills 0.0200%. Spot Maker and Spot Taker match at 0.10% on both at VIP 0. After cashback the Taker ranking flips, because the Phemex rebate is larger, so the Phemex Taker net is lower.
What is the Phemex contract Maker fee versus Bybit?
Phemex VIP 0 contract Maker is 0.01%. Bybit VIP 0 Futures Maker is 0.0200%. A Limit Order that rests on Phemex therefore prints half the Bybit Maker rate at the base tier. Phemex Maker keeps falling through VIP (0.0080% at VIP 1, 0.0060% at VIP 2). Bybit Maker falls slower (0.0180% at VIP 1, 0.0160% at VIP 2). Taker is the other way around.
Are Bybit and Phemex Spot fees the same?
At VIP 0 on crypto Spot, yes: 0.10% Maker and 0.10% Taker on both. A 50,000 USDT Spot fill is 50 USDT either way on either book. Phemex VIP 1 still charges 0.1000% Spot Taker and trims Spot Maker to 0.0900%. Fiat crypto pairs on Bybit use a separate, higher grid and are not in this table.
What live fee cuts does Phemex still have?
VIP tiers, the PT token, vePT locks and Maker fills. Trade Reclaim pays 80% cashback on Phemex.
Can I get cashback on both Bybit and Phemex?
Yes. Trade Reclaim returns cashback on each venue, in USDT, withdrawable anytime. The link is your public UID. Existing Bybit accounts opened without the referral cannot be relinked. Phemex follows its own referral rules. The Phemex cashback rate is 80%.
Can United States or Japan residents use Bybit or Phemex?
United States residents are outside both global platforms. Bybit completed its Japan exit on 22 July 2026, so this article does not present Bybit as an option for Japan. Phemex does not list Japan on its restricted country page. Country rules move. Read the live terms, and do not fund a book your residency forbids.
Trade Reclaim Research tracks trading fees, VIP schedules and rebate programs across 10 crypto exchanges. Every rate in our articles comes from the exchange's official fee schedule and is re-verified on publication. The team trades on the platforms it writes about.
Trade Reclaim earns from exchange referrals and shares most of it back to you as cashback. Education, not financial advice.