BingX vs Bybit: the fee comparison, and who should use which

Posted by the operator of RebateMax

I run a fee-rebate service for BingX. That is the disclosure, up front, because a comparison written by someone who earns on one side of it deserves to be read with that in mind. What follows is the published numbers from both exchanges, the arithmetic, and where I think Bybit is the better choice. If the math ever stops favouring the venue I'm paid on, I'd rather you found out here than from a competitor.

Every rate below is copied from the exchange's own fee page on the date shown, not from a review site. Both pages are linked so you can check them.

The two fee schedules, side by side

Standard tier, the rate you pay as a new account with no VIP status and no discount code.

BingX rates as published July 2026 (see the fee explainer). Bybit rates from its Trading Fee Structure page, last updated by Bybit on 2026-09-01.

Three things stand out.

Spot is identical. Both charge 0.1% on either side at the base tier. If you only buy and hold coins, the fee schedule gives you no reason to pick one over the other.

Perpetual maker is identical. Limit orders that rest on the book cost 0.02% on both venues.

Perpetual taker is where they differ, and it is Bybit that costs more. 0.055% against 0.05%. Half a basis point sounds like nothing. It is a 10% higher bill on every market order, every stop that triggers, every position closed at market. For an active futures trader, taker fees are most of the fee bill, so this is the number that matters.

What that looks like over a year

Fee = notional volume × rate, on each fill. The table below assumes a 50/50 maker-taker mix, which is where most retail traders sit, and a taker-only column for the traders who never rest an order. Volume is notional, not margin: a $10,000 position at 10x leverage is $10,000 of volume.

Annual figures. Effective blended rates: BingX 0.035%, Bybit 0.0375% at 50/50; BingX 0.05%, Bybit 0.055% taker-only. Funding, slippage and withdrawals are excluded, and for anyone holding leveraged positions overnight, funding will be the larger cost. The fee calculator runs the same formula on your own number.

Between the two standard tiers the gap is real but modest: $60 a year at $200,000 a month, $300 to $600 at $1,000,000. That is not a reason to move exchanges on its own.

The third column is the part I have a stake in. Register on BingX through our link and BingX applies a lifetime 50% discount to your trading fees at the exchange level. Nothing to claim, no monthly reset, no portal. The mechanism is explained in full in how the referral program works: BingX pays us a commission on your fees, and most of it goes back to you as the discount. You pay us nothing.

That column halves the BingX bill. At $200,000 a month it is $420 a year against Bybit's $900. At $1,000,000 taker-only it is $3,000 against $6,600.

What the VIP ladders do to this

Both exchanges discount heavily for volume, and this is where the comparison gets more favourable to Bybit if you are large.

Bybit's VIP 1 needs either $100,000 in assets on the platform or $10,000,000 of derivatives volume in 30 days. At that tier perpetuals drop to 0.018% maker / 0.04% taker, a blended 0.029%. That is below BingX's standard 0.035% but still above the 0.0175% the referral discount produces. Bybit's ladder runs to Supreme VIP at 0% maker, which no retail trader reaches.

BingX runs its own eight-level ladder, recalculated on rolling 30-day volume. The referral discount sits on top of whatever tier you are at, which is the point: it is structural rather than a threshold you defend each month.

The honest summary: if you trade tens of millions a month, both venues will negotiate with you and this post is not written for you. If you trade less than that, the referral discount on BingX beats every Bybit tier you are realistically going to reach.

Where Bybit is the better venue

Fees are one input. I would be lying by omission if I stopped there.

Product range. Bybit's fee page alone lists spot, perpetual and futures contracts, options, pre-market perpetuals, an innovation zone and tokenised stocks. If you want to trade options or need one account for many instruments, Bybit has the wider shelf. BingX's strengths are spot, perpetuals and copy trading.

Scale and liquidity. Bybit is the larger exchange by most public measures. I have not measured order-book depth on either venue myself, so I will not quote a number; open the book on the pair you actually trade, at the size you actually trade, and look at the spread. On thin pairs, slippage can cost more than the whole fee difference in this post.

Security history. Both have been hacked. BingX lost hot-wallet funds in September 2024 and committed to covering user losses in full; I wrote about it, including what it cost me, in Is BingX safe?. Bybit suffered a far larger theft in February 2025, the biggest exchange hack on record, and also covered customer balances in full. Neither incident touched user accounts directly. Neither venue is a bank, and the same rule applies to both: keep on the exchange what you are actively trading, and nothing more.

Availability. Both restrict certain jurisdictions and both require identity verification for full access. Check yours before opening an account on either.

Who should use which

Use Bybit if you trade options or other instruments BingX does not list, you need one account across many product types, or you trade at a size where Bybit's VIP tiers are within reach and you value the deeper market.

Use BingX if your trading is spot and perpetuals, you want copy trading, or you are a retail-to-serious futures trader who wants the lowest fee bill available without a volume threshold. Through the referral, that bill is half the standard schedule and below anything Bybit offers before institutional tiers.

Use both if you already do. Plenty of traders keep a Bybit account for range and a BingX account for cost, and route each trade to the venue that suits it. There is no loyalty prize for picking one.

The check that takes ten minutes

Do not take my table on trust. In whichever exchange you use today, export your last 30 days of trades, sum the fee column, and divide by total notional. That is your real effective rate. Compare it to the schedule above. If it is above 0.04% on perpetuals, you are paying more than you need to, on either venue.

Both fee pages, so you can verify every number here: BingX fee schedule and Bybit trading fee structure.