Recently, many friends have been asking via private messages: Why does it seem like the Bybit rebate rate has "shrunk"?

❓Clearly, I bought 1000U of $MNT to offset the fees
❓33% automatic rebate, but on Monday only 297U was returned
❓Calculating it, that's only 29.7%, did Bybit deduct?

First, the conclusion:
This is not Bybit deducting, but the rebate mechanism is originally based on the 【Net Trading Fee】 calculation, not the total fee you actually paid

📌The formula is as follows:
Bybit rebate = Platform's actual net revenue from fees × Rebate rate (33%)

Net trading fee = Total fee you paid - Rebate to market makers (Maker Rebate) - other deductions/discounts

👀Where did the missing 3.3% go? The main reason is: 👇
You placed a 【Market Order】
Market Order = You are the Taker (taking order side), paying higher fees, consuming liquidity from the order book

Coincidentally, what you took was not retail orders, but Maker orders from the market (Market Makers)

In this way, the portion of fees paid by Taker orders actually subsidizes the Market Makers

They not only avoid paying fees but also receive rewards (Maker Rebate)

To incentivize them to provide deep liquidity, Bybit offers Maker negative fees, i.e., rebates (rebate, usually: -0.001% to -0.0075% or higher for spot, and usually: -0.001% to -0.01250% for futures)

Details can be found in the Bybit Market Maker Incentive Program

So the result is:
You spent 1000U on fees
Part of it 👉 was given to Market Makers
The platform actually received only 👉 900U
The rebate naturally can only be calculated based on 900U × 33%

✅Therefore, rebates are not calculated based on your "total fees paid," but on the platform's actual received "Net Fees"

This article is sponsored by #Bybit ｜@Bybit_ZH｜

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