• Trading Fee

• Delivery Fee

• Liquidation Fee

 

 

Bybit supports USDT Options and USDC Options. USDT Options will be settled in USDT while USDC Options will be settled in USDC. In Options trading, three types of fees — trading fee, delivery fee and liquidation fee — may be involved. The example below uses USDT Options as an illustration.

 

 

 

Trading Fee

 

 

Note: Trading fee for a single contract can never be higher than 7% of the option price. The above shows the fees for non-VIP users. For details on the trading fee rates for each VIP tier, please refer to the Trading Fee Structure.

 

 

Calculation

Formula

Trading Fee = Minimum (Taker/Maker Fee Rate x Index Price, Maximum Proportion of Transaction in Order Price × Option Traded Price) × Option Traded Size

 

 

Example

Let's say that Ann orders the following option trade:

• Type: Call

• Strike Price: $45,000

• Order Size: 0.3 BTC

• Expiration Date: October 31, 2021

• Underlying: BTC

• Order Type: Limit Order (Maker Fee)

 

When the BTC index price is $42,000. Ann places a 0.3 BTC call option and trades it all at a price of $3,000. In this case, Ann needs to pay a trading fee of 2.52 USDT, based on the following calculation:

 

Trading Fee = Minimum (0.02% × 42,000, 7% × 3,000) × 0.3 = 2.52 USDT

 

Note:

— Partial unexecuted orders will wait to be filled in the order book.

 

 

 

 

Delivery Fee

Delivery fees will be charged when the option is exercised.

Let's take a call option as an example. When the delivery price of the underlying price is higher than the strike price, the option is executed. The buyer receives the option profit, and the seller is obliged to sell the option. They both need to pay delivery fees. Only unexercised options are delivery fee-free.

 

 

Notes:

— The delivery fee for a single contract can not be higher than 12.5% of the Option's value. 

— Daily Options do not incur delivery fees.

 

 

Calculation

Formula

Delivery Fee for Call Option = Minimum [Basic Delivery Fee Rate × Index Price, Maximum Proportion of Delivery in Option Value × (Estimate Delivery Price − Strike Price)] × Position Size

 

 

Example

Let's revisit Ann's case:

• Type: Call

• Underlying: BTC

• Strike Price: $45,000

• Traded Size: 0.3 BTC

• Expiration Date: Oct. 31, 2021

• Estimate Delivery Price: $46,050 

 

When the option contract expires, the BTC index price is $46,000. Ann exercises the call option. In this case, Ann needs to pay a delivery fee of 2.07 USDT, based on the following calculation:

 

Delivery Fee = Minimum [0.015% × 46,000, 7% × (46,050 − 45,000)] × 0.3

 

Note:

— Between 7:30AM UTC and 8:00AM UTC on the options contract expiration date, Bybit will calculate the estimated delivery price, based on the BTC spot index price.

 

 

Formula

Delivery Fee for Put Option = Minimum [Basic Delivery Fee Rate × Index Price, Maximum Proportion of Delivery in Option Value × (Strike Price − Estimate Delivery Price)] × Position Size

 

 

Example

Let's look at put options:

• Type: Put

• Underlying: BTC

• Strike Price: $42,000

• Traded Size: 0.3 BTC

• Expiration Date: Oct. 31, 2021

• Estimate Delivery Price: $39,050 

 

Bob buys the put option of BTCUSDT-31OTC21-42000-P. When the option contract expires, the BTC  index price is $40,000. Bob exercises the put option. In this case, Bob needs to pay a delivery fee of 1.8 USDT, based on the following calculation:

 

Delivery Fee = Minimum [0.015% × 40,000, 10% × (42,000 − 39,050)] × 0.3

 

Note:

— Between 7:30 AM UTC and 8:00 AM UTC on the options contract expiration date, Bybit will calculate the estimated delivery price based on the BTC spot index price.

 

 

 

 

Liquidation Fee

In options trading, additional fees will be charged for liquidations.

 

 

 

Calculation

Formula

Liquidation Fee = Liquidation Fee Rate × Option Traded Size × Index Price

 

 

Example

Take the following option:

• Type: Call

• Strike Price: $37,000

• Traded Size: 0.3 BTC

• Expiration Date: May 31, 2021

• Underlying: BTC

 

Bob is the seller of the BTCUSDT-31MAY21-37000-C option. If the BTC index price rises to $42,000, he needs to replenish the $300 margin to maintain the position. However, he has insufficient available balance. The position is therefore forced to liquidate. In this case, the liquidation Fee will be 25.2 USDT, based on the following calculation:

 

Liquidation Fee = 0.2% × 0.3 × 42,000 

 

Note:

— The liquidation fee is automatically added to the insurance fund after deducting the trading fee.