Am I being charged too much?

Hey traders, has anyone else noticed this while trading? When you execute a trade (even if it’s just one position), how many fees do you get hit with? I've been watching this happen on Bybit for a while now, and even though I still trade there for the volume, I'm curious if this is a common thing on the exchanges you all use too. Check out the screenshot below. Every time I make a trade, I see these different charges, and they can really add up depending on how much I'm putting into the trade.

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.

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.

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.

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

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?

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).

If this is just an open position and your entry is a market order, you are subject to a taker's fee, which is supposed to be a one-time fee for a single trade, but if you receive multiple trading fees, that is weird based on your screenshots. Bybit might have overcharged you I suggest try contacting them why you got multiple fees in opening trades.

OP, are you able to open Bybit on your PC's browser? If yes, can you follow this link - https://www.bybit.com/user/assets/order/fed/spot-uta-orders/trade-order/current-order and then click on trade history? You should be able to see an overview of all your trades, including how the order was filled. Please share the screenshot for better context if you don't mind.

It looks like you opened an XRP trade and Bybit executed it in four partial trades, and in each partial trade it deducted a fee. But if combined, I am sure the total fee will not be higher than the fee of a single full trade, because the fee is fixed or variable according to their fee structure. They are not overcharging you. You have to check how much they charge per trade, because for spot and futures trading the fee is different. You are seeing a single trade split into four parts and the fee is shown separately, but if you combine them, it will not be 4x the original fee. It should still match the specified fee structure. Speaking about the last one, I think that is a funding rate fee that exchanges deduct every 6 or 8 hours depending on the exchange and the contract type. I think you opened a long trade there, right? I am not fully sure, but the negative values make me think it might be a long position.

What I would like to know first is if OP noticed these charges upon opening the trade or after hours of holding the position, because this could be a determinant factor as to why such supposed fees appear. As some have already commented here, using Bybit is good because of their quality of service but to be sure of your suspicion of being overcharged, it's good to navigate to the derivatives order history or transactions log, look for filled type just to be sure you weren't deducted across multiple market orders on the order book just to confirm and put your fears to rest.

This is exactly what I was also thinking as well. If  he opened the position especially when using the market order option given that the fees were deducted within the same time frame, there is a high chance that the position was filled in 4 different portions He is only looking at the fee deductions, but he should also look at the trade history. It will give him a clue on how his position was opened.

What I understand from the image posted os that, funding fees I one time which is what you are seeing from the bottom and all the others fees that are marked trade, are your fees deduction according to the amount your position was filled and it was filled on multiple order this can be caused by market instability. I have not take not of fees deduction like this before, but I am aware in some trades how the buy order is filled multiple time like this, that is possibly the reason you see several fees taker and maker fees is a different thing all together.

Your explanation is very good and easy to understand, I personally don't even bother checking how fees are deducted any time or each time I trade, so I may not have come across something like the op is complaining about' on my account, but I guess if I decide to check now, there will be lots of few deductions like this. Because there are many times I will create a buy or sell other on the spot market (I've been avoiding futures trading for a while now) and the order get filled not by one trader but by multiple traders, so if the exchange has a fee structure where fee is deducted based on asset amount a traders buys on sell, then it simply means that multiple trader buying or selling into an order will create this type of multiple fee deductions on the trader's account who set the order, so I guess it's nothing to worry about. But another good move still will be for the op to maybe contact the exchange's customer support for better explanation of what actually happened there.

Hey there! I also went down the rabbit hole of looking for low-fee exchanges a while back. I can tell you that Bybit actually offers some of the lowest fees among major tier-1 and tier-2 platforms. Sure, there are options advertised with zero fees—I found one on Cryptomus myself—but nobody works for free. Right now, I'm paying 0.04% for each limit order there. If you do decide to switch exchanges, just don't fall for the fake "zero fee" trap. A lot of platforms simply hide their profit in the spread, giving you worse execution quotes. While their reports might display a clean mid-market price, the second your position actually opens, your entry price will be about 0.1% worse.

tbh like others have menitoned you should check your size against the fee deducted for maker/taker fee to know if you are being overcharged. If the calculation is right you're not being overcharged but your order being filled partially like many have explained.

You are not being overcharged as this is their standard. The exchange even did a good job by separating the funding rate and clearly stated it differently from the others that reads "Trade." Although it could be confusing because it varies per exchange, and even with the same exchange, it could be differently charged depending on  prevailing conditions and the service you opted for. Your leverage, order type, fee models (maker/taker), etc. contribute to this.

Funding rates change with time and with any exchange, trading fees for taker fee and maker fee can be different too. Depends on your position as taker or maker, and funding rate at that time, the fee you have to pay can be different. Exchange taker fees, maker fees. https://www.cryptowisser.com/exchanges/ Funding rates https://www.coinglass.com/FundingRate

No, It was a short position that decided to go South and it was fast moving due to the leverage I used, so I closed the trade to minimize the amount I was already losing before closing the position. I think I understand better now from a lot of these explanations. I transfered my balance to another exchange and tried it but the spread there was something else. I think I just need a recommendation for a great exchange, not bybit or binance, thanks.

This is another site can help you with information about exchange fee, and you can filter exchanges for your choice. https://exchangewar.info/ My advice is not about fee and which exchange to use, but about leverage trading, if you want to save your money, stop your trading with leverages because it is risky and it's only matter of time when you lose big with leverage trading and forced liquidations from exchanges. Even you use stop loss order or stop limit order, it won't always save your positions and collateral capital. One of best weapons in trading [Guide].