How to Read an Exchange Fee Table (and What You Actually Pay) on Bybit, Binance, OKX, Bitget and Gate.io
Disclosure: We're a fee-rebate site. The exchanges pay us a referral commission, and we pay more when you trade more. We send you part of that commission back. You pay us nothing: no membership fee, no profit share.
Fee tables look simple and still mislead people. Two exchanges can post nearly identical headline rates and cost you very different amounts, depending on how you trade and what comes back to you afterward. Here is how to read the table, then the numbers for five major venues.
The three things a fee table is really telling you
1. Taker vs. maker. A taker order removes liquidity (market orders, or limit orders that fill immediately). A maker order adds liquidity by resting on the book. Takers pay more. Your cost depends on your mix, so a scalper hitting bids and a grid trader posting limits have different effective costs on the same exchange.
2. Basis points, not percentages. Rates are quoted in basis points (bp), hundredths of a percent. Small differences compound fast when you turn over size, so compare in bp and multiply by your actual notional, not margin.
3. Fee is charged on notional. On leveraged perpetuals, the fee applies to position size, not the collateral you posted. Higher leverage doesn't reduce what you pay. It makes the fee a bigger share of your margin.
The headline rates
| Exchange | Taker | Maker | Rebate returned to you (via us) |
|---|---|---|---|
| Bybit | 5.5bp | 2.0bp | 22.5% of the fees you pay |
| Binance | 5.0bp | 2.0bp | 20% of the fees you pay |
| OKX | 5.0bp | 2.0bp | 20% of the fees you pay |
| Bitget | 6.0bp | 2.0bp | 20% of the fees you pay |
| Gate.io | 5.0bp | 2.0bp | 20% of the fees you pay |
What stands out:
- Maker rates are identical across all five. If you mostly post limit orders, the listed fee won't separate these venues. Liquidity, execution quality and tooling will.
- Taker rates differ. Binance, OKX and Gate.io sit lowest on the listed rate. Bybit is higher, and Bitget is highest.
- The rebate share differs too. Bybit returns a larger share of fees than the other four, which partly offsets its higher taker rate. Whether it fully offsets depends on your taker/maker mix.
Compare after the rebate, not before
The listed rate is not what you pay once a rebate is attached. A simple way to compare:
Run that for your own taker and maker rates on each exchange, then weight by how much of your volume is taker versus maker. A mostly-taker trader should weigh the taker line and the rebate share heavily. A mostly-maker trader will find the five venues close on this metric and should decide on other grounds.
What the table doesn't show
A fee table is one input. Before you move size, also check:
- Spread and slippage. A tight fee on a thin book can cost more than a higher fee on a deep one.
- Funding rates on perpetuals, which can outweigh trading fees on positions held for a while.
- Fee tiers on the exchange itself. Rates change with your own volume or holdings, so confirm the current schedule on the exchange before you commit.
- Product coverage. The pairs and contract types you trade matter more than a small gap in fees.
How our rebate works
We send you 50% of the referral commission the exchange pays us. Commission is only a portion of the fee you pay, so in fee terms the return to you is the per-exchange figure in the table above. It is not 50% of your fees, and we don't describe it that way. The site FAQ has the details.
Your share of the commission rises automatically with your 30-day volume:
| 30-day volume | Share of commission sent to you |
|---|---|
| Standard | 50% |
| From $1M | 60% |
| From $10M | 70% |
| From $50M | 80% |
So the top tier is up to 80% of the commission. Traders above $200,000,000 per 30 days are handled individually by email.
Practical terms
- Settlement: rebates settle monthly.
- Hold period: funds are held for 7 days after month end.
- Minimum withdrawal: 10 USDT.
- Security: we never ask for API keys, passwords or seed phrases. We only need your public exchange UID.
Bottom line
- Work out your taker/maker split first. It decides which row of the table matters.
- If you're maker-heavy, the listed fees are the same everywhere, so choose on liquidity and product fit.
- If you're taker-heavy, compare each exchange's taker rate against its rebate share using the net-fee formula above.
- Treat the rebate as a reduction in cost, not a reason to trade more. More volume means more fees, and more fees mean more commission for us. Our incentive and yours are not the same, so trade only what your strategy calls for.
Rates and rebate shares reflect the figures we list at the time of writing. Confirm the current schedule on the exchange before you trade.
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