Trading Fees (Commission)
Trading fees (Commissions) would be charged according to the Taker Fee Rate and VIP level you belong to. More information regarding Bybit’s fee rate and structure can be found here.
For users on the Non-VIP tier, this means that all trades executed on MT4, regardless of Market/Stop/Limit orders, would be calculated based on the 0.06% rate. Trading fees would be reflected as a new line on the Account History section, with the comment displaying Commission # Order Number.
Trading Fee (Commission) = Quantity traded X Price executed X Trading Fee Rate
#22281318: User opened a Buy position for 1.00 ETH, at the price of 2863.35
#22281319: Commission that was charged based on Order #22281318
Trading Fee (Commission) = 1.0 X 2863.35 X 0.060% = 1.72
Funding Fees (Swap)
Trading pairs on MT4 will be subjected to the same funding fee rates and timings to those on the Bybit Mainnet platform. On Bybit, the funding fees are exchanged between buyers and sellers every 8 hours at 00:00 UTC, 08:00 UTC, and 16:00 UTC. The Funding fee concept is somewhat similar to swap fees paid for FX trading, with the difference being Funding fees(swaps) are actually exchanged between Long and Short position holders rather than paid to Bybit. For more information on the upcoming USDT perpetuals funding rate, kindly refer to Bybit's web trading page here
On MT4, funding fees will be displayed as Swap, and debited or credited after each funding cut-off. As Bybit’s MT4 uses a UTC+2 time zone, you would notice a Swap transaction on your account history at these timings (02:00, 10:00, 18:00) assuming you hold an Open Position. Swap(Funding fees) will be amalgamated if there are multiple positions for the same symbol.
Once applied, they will be displayed in the following format:
3= Direction of the Trade
4= Notional Value in USDT
Notional Value in USDT can be calculated based on the formula:
Funding Fee = (Quantity X Mark Price) X Funding Rate
Mark Price: Based on Open Mark Price at Funding Cut-Off timings
Assuming the following scenario had taken place at the Funding Cut-Off period,
Open Mark Price: 50,000
Funding Rate: 0.01%
Direction Traded: Short
Notional Value based on Mark Price
= Quantity X Mark Price
= 1.0 X 50,000
Funding Fee = 50,000 X 0.01% = 5 USDT received (As user had held a Short position in this scenario when Funding Rate was 0.01%)