Perp Trading Fees: Maker, Taker, Funding and Swap Costs
Updated · 2 min read
Perp trading costs have three parts: the trading fee on each fill (maker or taker), the holding cost (funding or a fixed swap), and the spread and slippage. Fees are charged on the full position notional, not your margin. At 10x leverage a 0.055% taker fee costs 0.55% of your margin each way.
- Taker fees apply to orders that hit the book immediately (market orders); maker fees to resting limit orders.
- Bybit's base tier is 0.02% maker / 0.055% taker, the rate most Bybit-based prop firms pass on.
- Fees scale with leverage relative to your account: fee % × leverage = cost as % of margin per side.
- Prop firms either pass through venue fees or set their own flat rates.
Fee math on a leveraged position
Fee = fill notional × fee rate (notional = quantity × price)
Round trip on $10,000 notional
- Taker in and out at 0.055% → $5.50 + $5.50 = $11.00.
- Maker in and out at 0.02% → $2.00 + $2.00 = $4.00.
- On a $1,000 margin (10x), the taker round trip costs 1.1% of margin.
- 20 taker round trips a month ≈ 22% of margin, before a single losing trade.
What perps prop firms charge
| Firm | Crypto trading fee | Holding cost |
|---|---|---|
| HyroTrader, Klein (Bybit) | 0.02% maker / 0.055% taker | Bybit funding |
| Breakout | 0.04% per side (0.08% round trip) | 0.033% per day financing |
| MyFundedPerps | 0.03% per fill (maker = taker) | 0.03% per day swap, hourly |
| Upscale | 0.008% per side (Turbo 0.06%) | Dynamic spread; RWA funding 0.025%/day |
| Carrot Funding, Propr | Hyperliquid fees, no markup | Hyperliquid funding |
| Crypto Fund Trader (Match-Trader/MT5) | 0.0325% per side | Swap on CFDs; Bybit funding on Bybit |
Fees reduce your balance and eat into your daily loss and max drawdown allowances. A strategy that scalps dozens of times a day can breach a 3% daily limit on fees alone during a flat session.
Frequently asked questions
Does leverage increase trading fees?
The fee rate doesn't change, but a bigger position means a bigger notional, so the dollar fee rises with position size.
Are limit orders always maker orders?
Only if they rest on the book. A limit order that crosses the spread fills immediately as a taker. Some prop firms (e.g. MyFundedPerps) charge the same rate for both.
Sources
- HyroTrader FAQ — What are Bybit's fees?
- MyFundedPerps Docs — Commissions and fees
- Upscale FAQ
- Hyperliquid Docs — Fees
Educational content, not financial advice. Perps and prop evaluations are high-risk; firm rules change, so check each firm's current terms.