ByBit is a cryptocurrency derivatives platform established back in March, 2018. It is registered in the British Virgin Islands and has offices in Singapore, Hong Kong and Taiwan. The only member of ByBit core team who is disclosed in the dedicated section is its CEO, Ben Zhou with 150+ anonymous team members on board. Mr.
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Sep 18, 2019 · Bybit customers can get up to 100:1 flexible leverage to trade perpetual futures. Compared to what’s offered on many futures exchanges (between 5-20x leverage), this is a generous option. The leverage is between 3-5 times the margins for regular spot margin market, but in the end, the cost for such a position can be quite high.
The fees on Bybit are paid whenever you close and open positions either in loss or profit. When a position is closed, the fees are being deducted from the profit or the loss made. Bybit has one of the lowest fees for trading compared to other leverage trading platforms, therefore, the marginal cost of opening positions is very low.
Where are you seeing this "profit"? You might be referring to unrealised PNL, which takes into account leverage. Maker fees are -0.025% (meaning bybit pays you a commission) and taker fees are 0.075%, so as long as the price moves more percentage points than this then you should make a profit.
More about the fee structure further down in this Bybit tutorial, so keep reading. Up To 100x Leverage On Bybit. Below is an image of the leverage slider on Bybit, and as you can see, you can trade on Bybit with up to 100x leverage.