Quick Summary
Bybit offers a 20% lifetime trading fee cashback through cashback.day — every spot and USDT perpetual futures trade generates an automatic USDT rebate, paid weekly, with no expiration and no volume cap. Registration takes under 5 minutes, and the cashback is permanently locked to your account from the first trade.
This guide covers everything you need to know about Bybit's fee structure, how the cashback program works, step-by-step activation instructions, detailed savings projections, and how Bybit compares to other exchanges for cashback trading.
Bybit at a Glance
| Feature | Details |
|---|---|
| Founded | 2018 |
| Headquarters | Dubai, UAE |
| Regulation | VARA (Dubai), CySEC (Cyprus), AFSA (Kazakhstan) |
| Daily Volume | $5-10 billion+ |
| Supported Markets | Spot, USDT Perpetual, Inverse Perpetual, Options |
| Proof of Reserves | Published (Merkle tree verification) |
| Cashback Rate via cashback.day | 20% |
Bybit is the world's third-largest crypto exchange by derivatives volume, consistently ranking among the top platforms for USDT perpetual contract trading. The exchange is particularly known for its deep liquidity on major trading pairs like BTC/USDT and ETH/USDT perpetuals, making it a preferred choice for active futures traders.
Why Bybit Stands Out for Derivatives
Bybit has built its reputation primarily on derivatives trading. Unlike some competitors that started with spot markets and added futures later, Bybit was designed from the ground up as a derivatives-first platform. This means:
- Order matching engine capable of processing 100,000 transactions per second
- Deep order books with tight spreads on major perpetual pairs
- 99.99% uptime — Bybit has maintained one of the best uptimes in the industry
- Advanced order types including conditional orders, take-profit/stop-loss, and trailing stops
- Cross and isolated margin options for flexible risk management
Bybit's Regulatory Standing
Bybit holds licenses in multiple jurisdictions:
- VARA (Dubai) — Virtual Assets Regulatory Authority license for the UAE market
- CySEC (Cyprus) — Cyprus Securities and Exchange Commission license for European operations
- AFSA (Kazakhstan) — Astana Financial Services Authority license
The exchange also publishes regular Proof of Reserves reports using Merkle tree verification, allowing users to independently verify that Bybit holds sufficient assets to cover all customer deposits.
Bybit Complete Fee Structure (2026)
Understanding Bybit's fee structure is essential for calculating your exact cashback savings. Here's the complete breakdown:
Spot Trading Fees
| VIP Level | Maker Fee | Taker Fee | 30-Day Volume Requirement |
|---|---|---|---|
| Regular | 0.1000% | 0.1000% | < $1M |
| VIP 1 | 0.0400% | 0.0600% | ≥ $1M |
| VIP 2 | 0.0250% | 0.0500% | ≥ $3M |
| VIP 3 | 0.0200% | 0.0400% | ≥ $5M |
| VIP 4 | 0.0060% | 0.0250% | ≥ $10M |
| VIP 5 | 0.0040% | 0.0200% | ≥ $20M |
USDT Perpetual Futures Fees
| VIP Level | Maker Fee | Taker Fee | 30-Day Volume Requirement |
|---|---|---|---|
| Regular | 0.0200% | 0.0550% | < $10M |
| VIP 1 | 0.0180% | 0.0400% | ≥ $10M |
| VIP 2 | 0.0160% | 0.0375% | ≥ $25M |
| VIP 3 | 0.0140% | 0.0350% | ≥ $50M |
| VIP 4 | 0.0120% | 0.0320% | ≥ $100M |
| VIP 5 | 0.0100% | 0.0300% | ≥ $250M |
Inverse Perpetual and Options Fees
| Market | Maker Fee | Taker Fee |
|---|---|---|
| Inverse Perpetual | 0.0200% | 0.0550% |
| USDC Options | 0.0200% | 0.0200% |
Key insight: Bybit's futures taker fee of 0.055% is competitive with the industry average. With the 20% cashback from cashback.day, your effective taker fee drops to 0.044% — lower than most exchanges' VIP 1 rate, without needing any volume requirements.
How Fees Are Calculated
Your trading fee depends on:
Order type: Maker (limit orders that add liquidity) vs. Taker (market orders that remove liquidity)
VIP level: Based on 30-day trailing volume
Market type: Spot vs. USDT Perpetual vs. Inverse
Example calculation for a futures trade:
- You open a $50,000 USDT perpetual position using a market order
- VIP 0 taker fee: 0.055%
- Fee = $50,000 × 0.055% = $27.50
- 20% cashback = $5.50 returned as USDT
For a broader fee comparison across exchanges, see crypto exchange cashback comparison.
How Bybit Cashback Works Through cashback.day
The cashback mechanism is straightforward and fully automated:
You trade on Bybit
↓
Bybit charges trading fee (e.g., 0.055% taker)
↓
Bybit pays referral commission to cashback.day
↓
cashback.day returns 20% to you as USDT
↓
USDT deposited weekly to your Bybit accountWhat This Means in Practice
Here's what the cashback looks like for different trade sizes on USDT perpetual futures:
| Trade Size | Taker Fee (0.055%) | 20% Cashback |
|---|---|---|
| $1,000 | $0.55 | $0.11 |
| $5,000 | $2.75 | $0.55 |
| $10,000 | $5.50 | $1.10 |
| $50,000 | $27.50 | $5.50 |
| $100,000 | $55.00 | $11.00 |
| $500,000 | $275.00 | $55.00 |
Important details:
- Cashback applies to both maker and taker fees (though maker fees are much lower)
- Cashback is calculated after any VIP discount is applied
- There is no minimum trade size — even $10 trades earn cashback
- Cashback accumulates throughout the week and is paid every Monday
- No cap — there's no maximum cashback amount per week, month, or lifetime
How Is the Cashback Funded?
The cashback comes from Bybit's official referral commission program. When you register through cashback.day's referral link, Bybit pays a commission to cashback.day for every trade you make. cashback.day then shares 20% of that commission with you.
This means:
- Your trading fees do not increase — you pay the same standard rates
- The cashback is paid from Bybit's marketing/referral budget, not from your balance
- It's the same program Bybit uses for all its official affiliates and partners
Learn more: how crypto referral cashback works
Step-by-Step: Activate Your Bybit Fee Rebate
Step 1: Go to the Bybit page on cashback.day
Visit the Bybit cashback registration page or the exchange comparison page and select Bybit.
Step 2: Click the registration link
The link takes you directly to Bybit's official registration page with the cashback referral code embedded. You don't need to enter any code manually.
Step 3: Create your Bybit account
Sign up with email or phone number. Choose a strong password and enable 2FA (two-factor authentication) for security.
Registration tips:
- Use an email you check regularly (for security notifications)
- Enable Google Authenticator 2FA immediately after registration
- Write down your 2FA backup codes and store them safely
Step 4: Complete KYC verification
Bybit requires Identity Verification (Level 1) for trading. You'll need to:
Upload a photo of your government-issued ID (passport, national ID card, or driver's license)
Complete facial recognition
Wait for verification (typically 5-15 minutes, sometimes up to 24 hours)
KYC Level 1 allows you to:
- Trade spot and derivatives
- Withdraw up to 1,000,000 USDT per day
- Access all Bybit features
Step 5: Deposit and start trading
Deposit USDT, BTC, ETH, or other supported assets via:
- Crypto transfer from another wallet or exchange
- Bank card purchase (Visa/Mastercard)
- P2P trading for local currency
- Third-party payment services
Step 6: Receive weekly USDT payouts
Once you start trading, cashback accumulates automatically. Every Monday, your weekly cashback is calculated and deposited as USDT directly into your Bybit funding account. You can then:
- Use it for more trading
- Transfer to your spot wallet
- Withdraw it
For a general registration guide across all exchanges, see how to get cashback on crypto trading fees.
Detailed Savings Projection
Scenario 1: Active Futures Trader (0.055% avg taker fee)
| Monthly Volume | Monthly Fee | 20% Cashback | Yearly Savings | 5-Year Savings |
|---|---|---|---|---|
| $10,000 | $5.50 | $1.10 | $13.20 | $66.00 |
| $50,000 | $27.50 | $5.50 | $66.00 | $330.00 |
| $100,000 | $55.00 | $11.00 | $132.00 | $660.00 |
| $250,000 | $137.50 | $27.50 | $330.00 | $1,650.00 |
| $500,000 | $275.00 | $55.00 | $660.00 | $3,300.00 |
| $1,000,000 | $550.00 | $110.00 | $1,320.00 | $6,600.00 |
Scenario 2: Spot Trader (0.1% avg fee)
| Monthly Volume | Monthly Fee | 20% Cashback | Yearly Savings |
|---|---|---|---|
| $10,000 | $10.00 | $2.00 | $24.00 |
| $50,000 | $50.00 | $10.00 | $120.00 |
| $100,000 | $100.00 | $20.00 | $240.00 |
| $500,000 | $500.00 | $100.00 | $1,200.00 |
Scenario 3: Mixed Trader (50% spot, 50% futures)
A trader doing $200,000/month total ($100K spot + $100K futures):
- Spot fees: $100 (0.1%) → $20 cashback
- Futures fees: $55 (0.055%) → $11 cashback
- Total monthly cashback: $31
- Annual savings: $372
- 5-year savings: $1,860
For multi-year projections and compounding analysis, see lifetime crypto trading cashback.
Why Choose Bybit for Cashback Trading?
Strengths
Deep derivatives liquidity — Bybit is consistently top 3 globally for USDT perpetual volume, meaning tighter spreads and less slippage on your trades
Competitive base fees — 0.02%/0.055% maker/taker for futures is below industry average
Regulated exchange — VARA (Dubai), CySEC (Cyprus), and AFSA (Kazakhstan) licenses provide regulatory oversight
Published Proof of Reserves — Merkle tree audits allow independent verification of sufficient asset backing
Comprehensive product range — spot, perpetual futures (USDT & inverse), options, copy trading, and leveraged tokens
Copy trading platform — follow top traders' strategies, with cashback still applying to copied trades
- 20% lifetime cashback — no expiration, no cap through cashback.day
Considerations
- Not available in all countries — check Bybit's restricted jurisdictions (US, Singapore, and some others)
- No negative maker fees — unlike some competitors (like MEXC with 0% maker), Bybit charges positive maker fees at lower VIP tiers
- KYC mandatory — required for all trading activities
- Futures taker slightly higher than Binance — 0.055% vs Binance's 0.05%
Bybit vs Other Exchange Cashback Programs
| Feature | Bybit | Binance | OKX | MEXC | Bitget |
|---|---|---|---|---|---|
| Cashback Rate | 20% | 20% | 20% | 20% | 20% |
| Futures Taker Fee | 0.055% | 0.05% | 0.05% | 0.01% | 0.051% |
| Effective Taker (after CB) | 0.044% | 0.04% | 0.04% | 0.008% | 0.041% |
| Spot Taker Fee | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
| Perpetual Markets | 300+ | 200+ | 200+ | 400+ | 200+ |
| Derivatives Volume Rank | #3 | #1 | #2 | #5 | #4 |
| Proof of Reserves | ✓ | ✓ | ✓ | ✗ | ✓ |
| Regulation | VARA, CySEC | Multiple | VARA | ✗ | ✗ |
| Copy Trading | ✓ | ✗ | ✓ | ✗ | ✓ |
When to choose Bybit over competitors:
- You prioritize regulatory compliance and Proof of Reserves
- You want deep derivatives liquidity (top 3 globally)
- You use copy trading (cashback applies to copied trades)
- You want a balanced platform with both strong spot and derivatives
When to consider alternatives:
- MEXC if lowest possible fees are your priority (0% maker, 0.01% taker)
- Binance if you want the largest overall liquidity and BNB fee discounts
- Bitget if copy trading is your main activity
For the complete head-to-head comparison, see crypto exchange cashback comparison.
Advanced Tips to Maximize Your Bybit Cashback
1. Use Limit Orders When Possible
Maker fees (0.02%) are significantly lower than taker fees (0.055%) on Bybit futures. By using limit orders instead of market orders:
- Your base fee is 63% lower
- You still earn cashback on the maker fee you pay
- Total effective cost is dramatically reduced
Example: $100,000 trade
- Market order: $55 fee → $11 cashback → net $44
- Limit order: $20 fee → $4 cashback → net $16
2. Leverage VIP Tiers
As your trading volume grows, Bybit automatically upgrades your VIP tier:
- VIP 1 reduces taker from 0.055% to 0.040%
- VIP 2 reduces to 0.0375%
- Cashback still applies on top of VIP discounts
3. Consolidate Trading on Bybit
If you're currently splitting volume across multiple exchanges, consider consolidating on Bybit to:
- Reach higher VIP tiers faster
- Generate more cashback from higher volume
- Benefit from deeper liquidity on larger position sizes
4. Combine with Bybit Promotions
Bybit regularly runs trading competitions, deposit bonuses, and fee discount events. The 20% cashback stacks with these promotions — you get both the promotion reward and the cashback.
5. Track Your Savings
Monitor your weekly USDT cashback payouts to understand your true savings rate. Over time, you may find that the cashback effectively funds a portion of your trading capital.
6. Register on Multiple Exchanges
Don't stop at Bybit. Register on all 5 supported exchanges through cashback.day to earn cashback everywhere you trade:
- Bybit — deep derivatives + 20% cashback
- Binance — largest liquidity + BNB discount + 20% cashback
- OKX — DeFi + Web3 + 20% cashback
- MEXC — lowest fees + 20% cashback
- Bitget — copy trading + 20% cashback
Bybit Copy Trading with Cashback
One of Bybit's unique advantages is its copy trading platform. When you copy a master trader's positions:
- Bybit still charges the standard trading fee on your copied trades
- The 20% cashback still applies to these fees
- You earn cashback passively just by having your copy trading running
This makes Bybit + cashback.day particularly attractive for:
- Beginners who want to follow experienced traders
- Passive traders who don't want to actively manage positions
- Traders who want to diversify by copying multiple strategies
Bybit Security and Trust
Proof of Reserves
Bybit publishes regular Proof of Reserves (PoR) reports that include:
- Total customer deposit liabilities
- Total assets held in cold and hot wallets
- Merkle tree root hash for independent verification
- Reserve ratio (consistently >100%)
Security Measures
- Cold wallet storage — majority of assets stored offline
- Multi-signature withdrawal process
- Bug bounty program — rewards for security researchers
- Insurance fund — covers liquidation shortfalls
Common Questions About Bybit Cashback
Can I activate cashback on an existing Bybit account?
No. The cashback referral must be applied during account registration. Existing Bybit accounts cannot be retroactively linked. You would need to create a new account with a different email/phone number through cashback.day.
Does cashback affect my VIP tier or fee discounts?
No. Cashback is completely separate from Bybit's VIP program. Your VIP tier is determined by your 30-day trading volume & asset holdings. The cashback is calculated after VIP discounts are applied.
Is there a minimum trading volume for cashback?
No. Every trade generates cashback regardless of size. There is no minimum volume requirement and no minimum payout threshold.
What happens if Bybit changes its fee structure?
Your cashback percentage (20%) remains fixed regardless of fee changes. If Bybit raises or lowers fees, the 20% is calculated on whatever fee you actually pay.
Can I use the cashback USDT for trading?
Yes. The USDT is deposited into your Bybit funding account. You can use it for more trading, transfer to spot, or withdraw it.
The Bottom Line
Bybit's 20% fee rebate through cashback.day is one of the most straightforward ways to reduce your trading costs on one of the world's largest derivatives exchanges. The combination of competitive base fees, strong regulation, deep liquidity, published Proof of Reserves, and automatic weekly USDT payouts makes this an easy decision for any Bybit trader — both new and existing users (via new account).
Register through cashback.day, complete KYC, and every trade you make will automatically earn you USDT back — for life.
Compare with other exchanges: all cashback programs →
Bybit Cashback for Different Trading Styles
Day Traders
Day traders benefit most from Bybit's maker rebate on futures. Using limit orders exclusively on USDT perpetuals generates negative effective fees (you get paid to add liquidity via maker rebates). Combined with the 20% cashback from cashback.day, day traders can reduce their trading costs by 60-70% compared to market orders without cashback.
Swing Traders
Swing traders holding positions for days to weeks should focus on funding rate optimization. Bybit's funding rate can cost 0.90% per month on perpetual contracts. Using cashback to offset part of the trading fees leaves more capital for position sizing and risk management.
Copy Traders
Bybit's copy trading platform connects you with over 100,000 professional traders. The 20% cashback from cashback.day applies to all copy trading fees — both the master trader's commission and the exchange fees. This makes copy trading on Bybit significantly more cost-effective than any competing platform.
Spot Investors
Long-term spot investors can use limit orders on Bybit for 0.10% maker fees, with 20% cashback reducing the effective cost to 0.08%. For portfolio rebalancing and DCA strategies, this adds up to meaningful savings over months and years of consistent investing.
Each trading style benefits from the permanent, automatic nature of cashback.day's Bybit rebate program. Register once, trade as usual, and save automatically from every single transaction.
The key to maximizing your Bybit savings is consistency. Register once through cashback.day, use limit orders whenever possible, and let the automatic rebate system work for you on every single trade you execute.
Learn more: what is crypto trading fee cashback | is crypto cashback safe? | best crypto cashback programs 2026
The key to maximizing your Bybit savings is consistency and using limit orders whenever possible.