The maker rebates and taker fees for market makers (MMs) on Bybit’s Spot trading platform will be adjusted to 0.015% and 0.015% respectively.
It is Bybit’s mission to provide all traders with first-class quotes and superior liquidity.
From March 4, 2022, at 8:00 a.m. (UTC), the Bybit spot trading platform will adjust the pending order reward and market maker Taker fee to 0.015% and 0.015%, respectively.
In addition, Bybit will be hosting an exclusive trading competition for market makers, where only invited market makers will participate to compete for monthly benefits of up to 100,000 USDT.
Trading Competition Event Time: March 4, 2022 8:00 AM (UTC) to May 31, 2022 8:00 AM (UTC)
Go to Bybit’s Official Website
Step 1: Sign up for the event
Since this event is only for invited market makers, please send your email. Sign up anytime during the event. You need to provide the following information:
- Your Bybit Master Account UID
- Your trading volume, commission or market maker report on Bybit or other exchanges
After your application is reviewed, the Bybit team will send a reminder email to eligible applicants to confirm that the registration is successful.
Step 2: Set up your trading account
The API frequency of participating market makers will be set to 50/s. Participating market makers have the opportunity to enjoy:
- Interest-free OTC loan, up to $1,000,000 per market maker, for two months
- Low-interest OTC loan, 20% discount based on the current OTC interest rate, for a period of 1 to 12 months
Go to Bybit’s Official Website
Step 3: Start trading any spot trading pair and earn profits
Trade with optional trading pairs and assets on the spot platform, excluding stablecoins.
The game mode is as follows:
(1) The ranking will be based on the weighted trading volume of market makers in Bybit’s currency and the corresponding time each month.
API frequency limits, pending order rewards and Taker fee discounts for the top 80% of participating market makers will be updated.
The bottom 20% of the contestants will be eliminated from the competition.
The account status will be notified to the participating market makers by email.
| Categories | Spot Pairs | Weightage |
|---|---|---|
| 1 | BTCUSDT, ETHUSDT, BITUSDT, BTCUSDC, ETHUSDC, BITUSDC | 1 |
| 2 | ETHBTC, BITBTC, XRPUSDT, XRPUSDC, SOLUSDT, SOLUSDC, LUNAUSDT, MATICUSDT, ADAUSDT, DOGEUSDT, DOTUSDT, FTMUSDT, AVAXUSDT, LTCUSDT, ATOMUSDT, LINKUSDT, SANDUSDT, THETAUSDT, SHIBUSDT | 2 |
| 3 | XRPBTC, SOLBTC, FTTUSDT, EOSUSDT, FILUSDT, CRVUSDT, MANAUSDT, GALAUSDT, ICPUSDT, BCHUSDT, ALGOUSDT, LRCUSDT, AXSUSDT, ZECUSDT, UNIUSDT, YEIUSDT, AAVEUSDT, EGLDUSDT, BATUSDT, XTZUSDT | 4 |
| 4 | ALGOBTC, ONEUSDT, XLMUSDT, XLMUSDC, DASHUSDT, HBARUSDT, QNTUSDT, OMGUSDT, GRTUSDT, HNTUSDT, ENJUSDT, CHZUSDT, KLAYUSDT, CAKEUSDT, COMPUSDT, WAVESUSDT, 1INCHUSDT, RVNUSDT, MKRUSDT, XECUSDT, HOTUSDT, XEMUSDT, RNDRUSDT, AMPUSDT, DCRUSDT, NEXOUSDT, XYMUSDT, XDCUSDT, and other coins not mentioned above, excluding stablecoins. | 8 |
(2) From April 1, 2022, the top 50% of participating market makers from the previous month are eligible to apply:
- Interest-free OTC loan: each market maker can apply for up to $1,000,000 for two months
- Low Interest OTC Loan: Each market maker can apply for up to $10,000,000 for 1 to 12 months
** The final amount of the loan is subject to the actual remaining amount of the activity party.
Bybit will send an email or SMS alert to the promoted market maker.
(3) If you want to continue to participate in the Bybit spot market maker program after elimination, you can enjoy the existing market maker rate maker -0.015%, taker 0.03%, please contact the organizer for specific requirements.
(4) The market maker with the highest ranking in the competition will also share a monthly prize pool of 100,000 USDT, which is determined according to its trading pair and time-weighted trading volume.
| 1st place: | 50,000 USDT |
|---|---|
| 2nd place: | 30,000 USDT |
| 3rd place: | 10,000 USDT |
In addition, daily average trading volume (calculated based on time-weighted trading volume) reaching or exceeding $1,000,000 will divide the 10,000 USDT prize pool equally.
Go to Bybit’s Official Website
How to Calculate Time-Weighted Volume
Official = ∑ Vi * Xi * Yi
Vi is the trading volume of the token selected by the market maker this month
Xi is the corresponding weight of the currency being traded
Yi is the weight of the market maker’s trading days this month
Yi = 6 if Ti < 5; Yi = 4 if 5 ≤ Ti < 10; Yi = T/Ti if Ti ≥ 10 T refers to the total number of trading days in this month, and Ti refers to the number of days when the market maker's trading volume is greater than 0 in this month.
Only market makers who apply and receive confirmation of registration are eligible to participate and win rewards. Market makers whose monthly rankings are eliminated are not allowed to re-register for the competition.
The corresponding weights for each currency, trading day and trading volume will be updated from time to time. Contestants will be notified by email of any changes.
Go to Bybit’s Official Website
Please check Bybit official website or contact the customer support with regard to the latest information and more accurate details.
Bybit official website is here.
Please click "Introduction of Bybit", if you want to know the details and the company information of Bybit.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...