For copy trading, BingX is cheaper than Bybit once the rebate is counted. With Fee Otter's code FEEOTTER, BingX pays 45% and Bybit 40%, so the futures taker fee nets out at 0.0275% on BingX and 0.033% on Bybit. On 300,000 USDT of copied notional a month, all taker, that's 82.5 USDT on BingX vs 99 USDT on Bybit (checked October 2026).
Quick verdict
- Copy-trading cost alone favours BingX: futures taker 0.05% vs 0.055% and rebate 45% vs 40%, so BingX still nets cheaper. On 300,000 USDT of monthly copied notional, all taker, the net cost is 82.5 USDT on BingX and 99 USDT on Bybit.
- More than double a typical KOL code: typical codes give 20%–25%; with Fee Otter's code, BingX pays 45% (2.25 times a 20% code) and Bybit 40% (2 times).
- BingX's 45% applies from sign-up: BingX returns the 45% to your account automatically on every trade, and the sign-up page shows a "You'll enjoy … rebate" prompt once Fee Otter's code is entered.
- Bybit adds Earn interest sharing and US stock perps: Bybit Earn interest sharing returns 40% as well; we measured Bybit's stock perps at 171 tickers, while BingX has not yet been measured.
- Bybit allows late entry and rebinding: Bybit lets you add a code within 14 days of sign-up. After that it lets you open a new account with another unused ID document or use a KYC identity transfer.
What copy trading costs: fees are the one part you can cut in advance
When you copy trade, your funds open and close positions after the lead trader, and each open and close is a futures fill charged at the futures fee rate. The lead trader's profit share follows each platform's own rules and is not a trading fee; funding rates are set by the market and cannot be known in advance. Of these three costs, fees are the only one you can calculate ahead of time and reduce with a rebate. And since the lead trader decides how often to trade, you have little control over frequency, so fees pile up.
The maths of one copied trade: say the lead trader opens a position and your copied notional is 10,000 USDT, opened and closed as a taker. On BingX the fees are 10,000 × 0.05% × 2 = 10 USDT, the rebate is 4.5 USDT, and you pay 5.5 USDT. On Bybit they are 10,000 × 0.055% × 2 = 11 USDT, the rebate is 4.4 USDT, and you pay 6.6 USDT. With a typical 20% code you would get back only 2 USDT on BingX and 2.2 USDT on Bybit, so Fee Otter's code returns 2.25 and 2 times as much.
Lead traders often open dozens of positions a month, and a few USDT per trade multiplied by that count becomes real money. That is why copy traders should bind a referral code before they start copying.
Fees: BingX has the lower futures taker fee
List fees for regular users (VIP 0):
| Item | BingX | Bybit |
|---|---|---|
| Spot maker / taker | 0.10% / 0.10% | 0.10% / 0.10% |
| Futures maker | 0.02% | 0.02% |
| Futures taker | 0.05% | 0.055% |
| Futures taker ÷ maker | 2.5× | 2.75× |
Fees verified on 2026-09-24 (each exchange's official fee schedule: BingX, Bybit) · Methodology
- BingX's futures taker fee is about 9% cheaper than Bybit's (0.05 ÷ 0.055 ≈ 0.909). Before any rebate, BingX is already the cheaper one.
- Futures maker is 0.02% on both and spot is 0.10% on both, so the gap sits in futures taker fills, which copy trading uses most.
- Fees fall with VIP tier; this article uses the public rates for regular users, and the rebate is calculated on the fees you actually pay.
Rebate rates: Fee Otter's code vs typical KOL referral codes
These are the rates with Fee Otter's code, FEEOTTER, and how they compare with a typical 20% code:
| Code | BingX | BingX vs a 20% code | Bybit | Bybit vs a 20% code |
|---|---|---|---|---|
| Typical KOL code | 20% | 1× | 20% | 1× |
| Fee Otter's code | 45% | 2.25× | 40% | 2× |
In money: on 1,000 USDT of monthly fees, a typical 20% code returns 200 USDT; Fee Otter's code returns 450 USDT on BingX and 400 USDT on Bybit.
How it is paid: on BingX, the whole 45% is returned by BingX to your account automatically on every trade, and Fee Otter adds no extra rebate; on Bybit, Fee Otter pays the whole 40%. Both are itemised on the same dashboard.
Net futures rates after the rebate
One formula: net rate = futures fee × (1 − rebate rate). Here it is for both exchanges:
| Binding | BingX net taker | Bybit net taker | BingX net maker | Bybit net maker |
|---|---|---|---|---|
| Typical KOL code (20%) | 0.04% | 0.044% | 0.016% | 0.016% |
| Fee Otter's code | 0.0275% | 0.033% | 0.011% | 0.012% |
Example: BingX taker = 0.05% × (1 − 45%) = 0.0275%; Bybit taker = 0.055% × (1 − 40%) = 0.033%. BingX's net taker rate is 0.0055 percentage points below Bybit's, roughly a sixth cheaper.
A lower list fee and a bigger rebate, stacked. BingX's taker fee is already about 9% below Bybit's, and its rebate is 5 points higher. Compared with a typical 20% code, BingX cuts the net taker rate from 0.04% to 0.0275%, about 30% less.
Spot is 0.10% on both and uses the same rates: BingX nets 0.055% (0.10% × 55%) and Bybit 0.06% (0.10% × 60%). Copy trading is mostly futures, so the example below covers futures only.
Monthly copy-trading cost
Assume 300,000 USDT of copied futures notional a month, with every open and close counted as a taker fill (copied orders usually fill right after the lead trader's, so we use the higher taker fee to stay conservative). Monthly fees are 150 USDT on BingX (300,000 × 0.05%) and 165 USDT on Bybit (300,000 × 0.055%):
| Binding | BingX net monthly cost | Bybit net monthly cost | Gap |
|---|---|---|---|
| Fees before rebate | 150 USDT | 165 USDT | BingX 15 USDT less |
| Typical KOL code (20%) | 120 USDT | 132 USDT | BingX 12 USDT less |
| Fee Otter's code | 82.5 USDT | 99 USDT | BingX 16.5 USDT less |
Method: net cost = monthly fees × (1 − rebate rate). BingX: 150 × (1 − 45%) = 82.5 USDT, with the 67.5 USDT rebate returned automatically by BingX; Bybit: 165 × (1 − 40%) = 99 USDT, with the 66 USDT rebate paid by Fee Otter.
Compared with a typical 20% code, Fee Otter's code returns 37.5 USDT more a month on BingX (67.5 − 30) and 33 USDT more on Bybit (66 − 33), or 450 and 396 USDT a year. If you copy a very active lead trader and your monthly notional reaches 1 million USDT, fees become 500 USDT on BingX and 550 USDT on Bybit, and the net cost is 275 vs 330 USDT, a gap of 55 USDT a month.
Product and settlement differences
- BingX is known for copy trading and grid bots. Copied opens and closes are futures fills in your own account and count toward the rebate.
- You can see BingX's 45% automatic rebate. The sign-up page shows a "You'll enjoy … rebate" prompt once Fee Otter's code is entered; if it does not, the code did not carry over. See the BingX referral code guide.
- Bybit Earn income is shared too. Bound through Fee Otter, 40% of the interest share generated by Bybit Earn is returned to you, something BingX does not offer. See the Bybit Earn interest sharing guide.
- Bybit has a full product line and measured stock perps. It covers futures, spot, Earn and copy trading; we measured 171 Bybit stock perp tickers, with CL (crude oil) trading 42.8 million USDT in 24 hours and AAPL 13.1 million USDT. See our tokenised stock perp fee comparison. We have not yet measured BingX's stock perps.
- BingX needs no UID binding; Bybit needs only your UID, never an API key or password. Sub-account fees count under the main account UID, so bind the main account.
Adding a code later and rebinding
Fee Otter's code is FEEOTTER on both, and a code cannot be changed once bound.
BingX: add a code before depositing
A new account with no deposit yet can add a referrer under BingX's official settings (see BingX's official FAQ).
Bybit: add a code within 14 days, otherwise KYC transfer or another ID
A Bybit main account within 14 days of sign-up and without a referrer can add an affiliate code under Profile → Account → Account Info → "Join an Affiliate's Community"; it cannot be cancelled or changed afterwards (see Bybit's official guide). Past 14 days:
- KYC identity transfer: sign up a new unverified account through the dedicated link, then move the identity over once the old account's KYC is at least 24 hours old. After each transfer you cannot transfer again for 180 days, and withdrawals and fiat on both accounts are restricted for 24 hours (see Bybit's identity transfer guide).
- Use another ID document you have not used yet (driving licence, passport or ID card) to open a new account through the dedicated link, which the rebind guide marks as the fastest route.
- Assets, email, phone number and referral code do not move with KYC, so always sign up the new account through the dedicated link first.
Full steps are in the Bybit rebind guide; for a side-by-side of identity transfers, see KYC identity transfer for a higher rebate.
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