Bybit’s Market Maker Incentive Program is designed to reward high-performing institutional participants who contribute to deeper liquidity across Spot, Futures, and Options markets. Whether you're an experienced liquidity provider or just starting to scale up, our tiered benefits, exclusive rebates, and institutional perks aim to empower your trading strategy while supporting a robust market ecosystem.

Benefits

1. Unlock exclusive Maker rebates tailored to your trading volume and liquidity contribution
2. Access institutional loan services with flexible repayment terms
3. Enjoy customized support and evaluation from our dedicated institutional team

How to Join

1. New applicants: Contact us at institutional_services@bybit.com with the subject line: "Market Maker Application".
2. Existing Market Makers: Please reach out to your Account Manager directly.
3. All applications and upgrades are reviewed on request. Levels are not automatically upgraded.

1. Eligibility Requirements and Rebates

2. Spot Market Maker Tiers & Rebate

3. Perpetual & Expiry Market Makers Tiers and Rebate

4. Options Market Maker Tiers

5. Market Maker Program Rules

Eligibility Requirements and Rebates

Spot Market Maker Tiers & Rebate

Calculation

Spot Maker Volume Share = (Your 30-day Spot Maker volume) ÷ (Total 30-day Spot Maker volume from all MMs)

Notes:

— All new joiners receive a 1-month trial period.

— For the liquidity requirements of Spot Market Maker with Level MM 3, please refer to here.

— Volume derived from trading pairs with zero fees is not included in the MM level calculation.

Perpetual & Expiry Market Makers Tiers and Rebate

Bybit categorizes Perpetual & Expiry contracts into 3 symbol groups, each with distinct fee structures designed to incentivize liquidity across different market segments.

Symbol Group Overview

1. Group 1: Highly liquid, flagship pairs (e.g., BTCUSDT, ETHUSDT, SOLUSDT, XRPUSDT)
2. Altcoin: USDC, High Growth, Mid-Tier Liquidity, Mid-Tier Activation, Long Tail Pairs, Innovation Zone and Pre-Market Perpetual contracts
3. TradFi: Stock & Commodity TradFi Perpetual and TradFi Perpetual Pre-Listing

Notes:

— All newly listed USDT Perpetual altcoin contracts will automatically fall within Altcoin Group and adopt the fee rates defined under Altcoin.

— You can use API queries for symbol groupings and related data.

— You can view the full grouping here. API queries for symbol groupings and related data will be available soon.

— Symbol groups and fee rates will be reviewed monthly to align with market conditions.

Fee Rate by Tier

For example, using MM Level 2:

MM Tiering

Market Maker levels will be determined using a Weighted Maker share calculation to emphasize contribution on high-priority pairs.

Calculation

Futures Weighted Maker Share = (Your 30-day Total Contracts’ Maker volume) ÷ (Total 30-day Contracts’ Maker volume)

Weighted Volume = Σ (Maker volume per pair × group weighting factor)

Group Weighting Factor

Tier Requirements

For example, trading $1M in a Altcoin contract (8× weight) counts as $8M in weighted Maker volume, boosting your share for level calculation.

Notes:

— The order size placed by the Market Maker should be at least 10x the minimum order size of the respective Derivatives contracts. Otherwise, the Market Maker will receive a notification from Bybit indicating that the order placement does not meet the requirements.

— New joiners are granted a 1-month trial period.

Options Market Maker Tiers

Market Maker Program Rules

1. Market Makers' qualifications are evaluated monthly.
2. Volume share is rounded up to 4 decimal places (e.g., 0.098% → 0.100%).
3. Main Account and Subaccount trading volumes are aggregated.
4. Market Makers who fail to meet Market Maker requirements for the month may be disqualified from the program, and all relevant benefits may be forfeited thereafter.
5. Bybit reserves the right to update the eligibility criteria based on market conditions.
6. For situations that do not comply with the rules, Bybit reserves the right to take necessary measures, including reducing Maker rebates.