How to Check That Your Rebate Is Being Recorded Correctly
A rebate you never verify is a rebate you're taking on trust. For a derivatives trader, fees are a line item on every position, so it's worth knowing the rebate on that line is landing. You can check it yourself, using only your own exchange history and the public UID attached to your account.
What you should be getting
Start with the rate you're checking against. Readers who sign up through us get these shares of the fees they pay returned to them:
| Exchange | Taker | Maker | Share of fees returned |
|---|---|---|---|
| Bybit | 5.5bp | 2.0bp | 22.5% |
| Binance | 5.0bp | 2.0bp | 20% |
| OKX | 5.0bp | 2.0bp | 20% |
| Bitget | 6.0bp | 2.0bp | 20% |
| Gate.io | 5.0bp | 2.0bp | 20% |
Mechanically, we pass on 50% of the referral commission the exchange pays us. Commission is only part of the fee you pay, so in fee terms that works out to the percentages above. It is not "50% of fees." The site FAQ has the details.
Those figures reflect the standard tier. Tiers are based on your trailing 30-day volume and applied automatically, with no request needed:
- 50% of the commission as standard
- 60% from $1M
- 70% from $10M
- 80% from $50M
So the ceiling is up to 80% of the commission. Traders above $200,000,000 per 30 days are handled individually by email.
Step one: confirm the right UID is attached
Everything downstream depends on this. The exchange pays us based on accounts that signed up through our referral link, and we match your rebate to your public exchange UID.
- Find the UID in your exchange account profile.
- Make sure it's the account you actually trade on. If you run a main account and sub-accounts, know which one holds the volume you expect to be rebated.
- Check that the UID you gave us matches character for character.
We never ask for API keys, passwords or seed phrases, only the public UID. If anyone asks for more than that in the name of "verifying" your rebate, treat it as a red flag.
Step two: pull your fee history from the exchange
Your exchange's trade or fee history is the source of truth. Export or review it for the month you're checking and separate it into:
- Total fees paid, in the settlement currency
- The maker and taker split
- Any fees on instruments you didn't expect to count
The maker/taker split is a useful sanity check against the rate table above. If you mostly rest limit orders, your average fee rate should sit closer to the maker figure. If you cross the spread constantly, it should sit closer to the taker figure. A fee history that doesn't match your own trading style is worth investigating on the exchange side first.
Step three: calculate the expected rebate
The formula is simple:
Expected rebate = fees you paid × your exchange's returned share
For example, on Bybit you multiply your total fees by 22.5%. On Binance, OKX, Bitget or Gate.io you multiply by 20%. If your trailing 30-day volume has crossed a tier threshold, your share of the commission is higher, so expect a correspondingly higher result.
Do this per exchange, since each has its own fee rates and returned share. If you trade across several venues, don't blend them into one number.
Step four: know the settlement calendar
A rebate can look "missing" when it's just not due yet. Our schedule:
- Rebates settle monthly.
- They are held for 7 days after month end.
- The minimum withdrawal is 10 USDT.
Many apparent discrepancies are timing. If you've just finished a month, you're inside the hold window, and that's normal. If your balance is under the minimum withdrawal, it simply carries forward until it clears.
Step five: compare and diagnose
Set your expected figure next to what was recorded. If they're close, you're done. If they're not, work through the likely causes:
- UID mismatch. The most common cause. Re-check step one.
- Wrong account. Volume traded on an account that isn't the registered one won't be attributed.
- Timing. You're comparing against a month still inside the hold period.
- Tier. Your volume crossed a threshold partway through, so the share changed. Tiers apply automatically, so check which one your trailing 30-day volume put you in.
- Fee types. Not every charge on your statement is a trading fee. Check that you're counting the same things the exchange does.
If none of that explains the gap, contact us with your exchange, your UID and the month in question. Your fee export for that month will let us trace it quickly.
Why we want you to check
You pay us nothing: no membership fee, no profit share. We're paid by the exchange, and we earn more when you trade more. That means our incentives line up with active traders, but it also means you should know exactly what you're owed. A rebate you've verified is one you can plan around when you model your costs.
Check once at the start to confirm the UID is attached, then spot-check each monthly settlement against your own fee history. After a couple of months, you'll know whether the numbers hold.
Check if my UID qualifies