Maker Rebates Program
Lower your trading costs on ProphetX through the Make Volume Fee Rebate Program — the more maker volume you provide, the bigger your rebate.
If you're providing liquidity on ProphetX, you can lower your trading costs through the Make Volume Fee Rebate Program. The more volume you make, the bigger your rebate.
How it works
Maker volume covers both resting liquidity on the order book that other traders take and quoting parlays through RFQ that get accepted.
Your rebate tier is based on your total maker volume over a rolling calendar month, and it resets each month. Every market participant is on the same schedule.
Rebate tiers
Tiers are marginal. Each portion of your monthly make volume earns the rate for the band it falls in. Moving into a higher tier doesn't reprice the volume you've already made below it.
| Monthly make volume | Marginal rebate rate |
|---|---|
| $0 to $50,000 | 0% |
| $50,000 to $750,000 | 20% |
| $750,000 to $3,000,000 | 40% |
| $3,000,000 to $7,500,000 | 60% |
| Above $7,500,000 | 80% |
For the full mechanics, worked examples, and any conditions that apply, see the certified program document.
See the Certified Program Document
Your tier updates automatically as your monthly volume changes. There's nothing you need to do to move up.
Questions
If something about your tier or rebate calculation doesn't look right, reach out to [email protected].
Updated 15 days ago