Hold or Stake BIT to Enjoy Up to 0.0025% Maker Rebates.
Bybit’s BIT Promotion
Bybit pays close attention to user feedback, highlighting the cultural connotation of “listening, paying attention, and thinking forward”.
Recently, Bybit has been actively conducting research to understand market expectations and needs.
According to the survey results, Bybit has carefully prepared a BIT holder incentive plan to give back to the majority of users.
Join the exciting six-week event and enjoy 0.0025% cashback on market maker fees on the Bybit derivatives platform.
The promotion runs from May 19, 2022 10AM (UTC) to June 30, 2022 10AM (UTC).
Step 2: Hold or pledge BIT and participate in transactions on the Bybit derivatives platform
During the event, Bybit will calculate the total amount of cashback you can claim based on the daily commission volume of derivatives market makers, the total amount of BIT holdings in your personal Bybit account and/or the total amount of Bybit wealth management products pledged.
The market maker fee cashback reward levels for this event are as follows:
| Tier | Total Amount of BIT Held and/or Staked | Maker Fee Rebate |
|---|---|---|
| 1 | 10,000 BIT | −0.0000% |
| 2 | 100,000 BIT | −0.0010% |
| 3 | 500,000 BIT | −0.0015% |
| 4 | 2,500,000 BIT | −0.0020% |
| 5 | 10,000,000 BIT | −0.0025% |
Cashback is calculated as follows:
| BIT Holding Rebates (A) | Daily Maker Rebates (B) | Total Rebates | |
|---|---|---|---|
| MM 1 & MM 2 | Maker volume of Derivatives (daily) * Maker rebate rate of the corresponding tier | – | A (Note: Regular market maker rates will not be affected.) |
| VIP, Non-VIP & Pro Traders (Non-MM 1 & Non-MM 2) | Maker volume of Derivatives (daily) * Maker rebate rate of the corresponding tier | Maker volume of Derivatives (daily) * Maker fee rate of your account level | A+B |
Case 2
Alice is a Level 1 Maker Trader holding 2,500,000 BIT as of May 18th at 11:59:59 midnight (UTC). On May 19, her derivatives market maker ordered 10,000,000 USDT. Therefore, Alice can enjoy −0.002% of the BIT position market maker fee rebate on May 19th.
On May 19th, she received an additional 200 USDT (10,000,000 * 0.002%) in addition to her regular maker fee rebate rate (-0.025%) as a MM Level 1 trader.
Case 2
Bob is a VIP level 3 trader holding 100,000 BIT as of May 18th at 11:59:59 midnight (UTC). On May 19, his derivatives market maker ordered 1,000,000 USDT. Therefore, Bob can enjoy −0.001% cashback of market maker fees for BIT positions on May 19th. The current market maker fee rebate for VIP level 3 users is −0.002%.
Bob will receive a total of 30 USDT cashback on May 19, calculated as follows:
1,000,000 * 0.001% + 1,000,000 * 0.002%
All Bybit users can participate in this promotion.
You must sign up to participate in the event to be eligible for the Cashback Rewards Program. You cannot register with a sub account.
The Maker order volume of the master account and sub-account is included in the calculation. The sum of your BIT positions in the main account and sub-account.
Maker orders (excluding leveraged tokens) generated by all contracts you hold on the Bybit derivatives platform are included in the calculation. Maker orders for inverse contracts are denominated in USDT (1 USDT = 1 USD).
From the date of registration, the platform will calculate the market maker’s order volume every day (0:00:00 am (UTC) to 11:59:59 midnight (UTC)).
The total Maker rebate rate a user can enjoy is capped at -0.0075%.
BIT positions in spot accounts, derivatives accounts (excluding open positions) and wealth management accounts, as well as BIT pledged in the Bybit wealth management platform (excluding dual currency investment) are included in the calculation.
The platform will take a snapshot of your BIT position at 11:59:59 midnight (UTC) every day. The total amount of BIT recorded at 11:59:59 midnight (UTC) on the current day will be included in the next day’s BIT position.
Cashback will be issued in USDT. Cashback rewards will be issued in two installments on June 1, 2022 and June 15, 2022. You can check your Rewards in your Derivatives Account within five (5) to seven (7) days after each release.
Eligible users will receive confirmation emails listing relevant data such as daily BIT positions and market maker orders related to derivatives.
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...