True Trading Cost on Perpetuals: A 50K Volume Example

The Bybit fee schedule shows 0.055% taker, 0.020% maker on derivatives. If you do $50K monthly volume and assume everything is taker, that is $27.50 in fees per month. Most traders stop reading there and decide fees are not worth thinking about.

That number is wrong, and it is wrong in both directions. Funding payments on perpetuals can add or subtract 0.5 to 5 percent annualized to your real return. Slippage on aggressive orders can eat 2 to 4 basis points per fill on illiquid pairs. Maker mix can swing the fee line by 70 percent. And rebates, if you are aware of them, can flip your fee line from a cost into income.

Trading this much already? See how much of your fees come back as USDT.

What this article will cover

[Content draft pending. The published version will include: (1) the actual fee per side at each VIP tier on Bybit perpetuals, (2) a sample $50K/month trader split 60/40 taker/maker with rebates applied, (3) what funding does over a 30-day window on the top 5 perpetual pairs, (4) where slippage shows up and what it costs at different order sizes, (5) a single-line formula for your real all-in cost per contract.]

[More content pending.]