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Bitget liquidity incentive program

2024-11-20 02:00620927

Bitget will be updating Bitget liquidity incentive program at 2024-12-01 00:00 (UTC +8)

Key Updates:

  • Update Maker weights
  • Update Spot quote ranking parameters
  • Add new rules: Each Main Accnout only supports 2 IPs for VIP Line

Additional Benefits:

  • Access to low-interest rates on over-allocated funds.
  • Enjoy flexible repayment options, competitive interest rates, and multi-coin institutional lending services.
  • Prioritized quote ranking for market makers within the top 25%, with an average of more than 20 spot currency pairs traded daily to establish connections with project parties.
  • Priority participation in bonus projects related to specific spot trading pairs.

Fees

Tier

Spot

Futures Group A Pairs (Table1)

Futures Group B Pairs

Maker

Taker

Maker

Taker

Maker

Taker

Tier 1

-0.012%

0.0256%

-0.005%

0.028%

0.02%

0.06%

Tier 2

-0.010%

0.0256%

-0.003%

0.028%

0.02%

0.06%

Tier 3

-0.008%

0.028%

0.000%

0.028%

0.02%

0.06%

Tier 4

-0.005%

0.028%

0.0072%

0.028%

0.02%

0.06%

Tier 5

0.000%

0.030%

0.008%

0.032%

0.02%

0.06%

Benefits

Tier

Number of Sub-Accounts

API Frequency Limit

VIP Line

Spot

Futures

Spot

Futures

Tier 1

200

100/s

100/s

2 IPs / Main UID

2 IPs / Main UID

Tier 2

200

80/s

80/s

2 IPs / Main UID

Tier 3

200

80/s

80/s

Tier 4

200

60/s

60/s

Tier 5

200

60/s

60/s

Assessment Criteria

  • Bitget's assessment data combines both spot and margin trading volumes, while futures trading volumes are excluded from this data.
  • The final tier will be determined based on the best outcome from three assessment criteria.
  • Reapplication will not be permitted within two months following disqualification.
  • Your maker ratio must remain above 75%. Failure to maintain this rate may result in a warning; in severe cases, it may lead to the revocation of market maker status and all associated benefits.
    • Maker Ratio = Maker Volume ÷ (Maker Volume + Taker Volume)

Tier

Weighted spot maker volume (USDT)

Or

Spot maker volume Share

Or

Spot quote ranking

Tier 1

≥550,000,000

/

≥1%

/

≤10%

Tier 2

≥350,000,000

/

≥0.2%

/

≤25%

Tier 3

≥200,000,000

/

≥0.05%

/

≤40%

Tier 4

≥80,000,000

/

≥0.02%

/

≤60%

Tier 5

≥20,000,000

/

≥0.01%

/

≤100%

Definitions and formulas

  • Weighted spot maker volume = Spot maker volume × Weight of Base currency * Weight of Quote currency(Table 2)

    • Example: Suppose your maker volume in btcusdc is 100 USDT, the base currency is BTC, the weight is 1, the quote currency is USDC, and the weight is 2, then the weighted Maker volume = 100 * 1 * 2 = 200 USDT

  • Spot maker volume Share = Your spot maker volume ÷ Total Bitget spot maker volume × 100%

  • Spot quote rankingParameters

    • The total number of participants for ranking includes all market makers .

    • Total quoting score during the assessment period = Sum of daily quoting scores during the assessment period.

    • Daily quoting score = sum of daily quoting scores for all pairs.

    • Daily quoting score for a pair = maker volume * qualified quoting ratio * weight of the pair.

    • Qualified quoting ratio for a pair = qualified snapshots / total snapshots.

  • The logic of checking the qualified orders
    • Daily data collection time: 12:00:00 AM - 11:59:59 PM (UTC+8)
    • Snapshots will be taken three times per minute, totaling 4320 snapshots per day.
    • A qualified snapshot must meet the following requirements:
        • Quote must be on both bid and ask sides
        • Total Bids shown > Cumulative Minimum Size
        • Total Asks shown > Cumulative Minimum Size
        • The Bid / Ask spread is calculated as( [ Ask price at Minimum Size ] - [ Bid price at Minimum Size ] ) / { ( [ Ask price at Minimum Size ] + [ Bid price at Minimum Size ] ) / 2 } < [ Required Bid / Ask spread ]
        • There needs to be one order on the bid side and another order on the ask side,and (snapshot time – order created time) > 2s
        • Example for qualified snapshot time
      No. Snapshot
      Side
      Order created time
      Snapshot time
      Last time
      Qualified?
      Snapshot 1
      Bid
      1'06''24'''
      1'08''24'''
      2s
      Yes
      Ask
      1'06''24'''
      1'08''24'''
      2s
      Snapshot 2
      Bid
      1'06''24'''
      1'08''24'''
      2s
      No
      Ask
      1'07''24'''
      1'08''24'''
      1s
      Snapshot 3
      Bid
      1'07''24'''
      1'08''24'''
      1s
      No
      Ask
      1'06''24'''
      1'08''24'''
      2s
      Snapshot 4
      Bid
      1'07''24'''
      1'08''24'''
      1s
      No
      Ask
      1'07''24'''
      1'08''24'''
      1s
  • Quoting Qualification Examples
Example of how to calculate the qualified Bid / Ask spread
ETHUSDT, the minimum order size is 3000 USDT, with a spread below 0.5%.
3871.66 - Sell 5000
3870.76 - Sell 2000
3869.28 - Sell 2000
3868.56 - Sell 1000
3867.32 - Sell 1000
Sell order
-------------
Buy order
3866.49 - Buy 500
3865.29 - Buy 500
3864.67 - Buy 1000
3863.23 - Buy 2000
3863.45 - Buy 8000
Ask price at minimum size: 3869.28.
Bid price at minimum size: 3863.23.
(3869.28 - 3863.23) / [ (3869.28 + 3863.23) / 2 ] = 6.05 / 3866.255 = 0.15% < 0.5%

Notes

  1. Maker rebate: maker rebate is paid in real time.

  2. Assessment cycle:

    • a) Time zone: UTC+8.

    • b) Each natural day from 00:00:00 to 23:59:59 is the minimum data collection unit.

    • c) Each natural month is an assessment cycle.

  3. Daily report: The MM registration email address will receive Market Maker Data Report on a daily basis.

  4. Tier adjustment: The rate will be adjusted automatically at the first day of every calendar month.

  5. Frequency limit:

    • a) Main account and sub-accounts have separate limits.

    • b) Spot, margin, and futures accounts have separate limits.

    • c) Within the futures account, USDT-M, USDC-M, Coin-M futures share the same limit.

  6. Market makers accounts are not eligible to participate in rebate programs like Referral Program and KOL program.

  7. Market maker accounts cannot participate in the BGB service fee deduction project;

  8. Combining multiple main accounts for assessment is not supported.

  9. The volume of the sub-accounts is combined with that of the main account. Sub-accounts enjoys the same tier and perks as the main account.

  10. The volume of the pair which Maker fee + Taker fee = 0 will not be included in the assessment of market makers.

  11. Bitget reserves the right to modify the market Maker assessment rules in accordance with market changes.

Contact us

Table 1:Futures Group A Pairs

Group B Pairs is all except Group A

Serial Number Trading Pair Serial Number Trading Pair Serial Number Trading Pair
1 10000WHYUSDT 36 GMXUSDT 71 PORTALUSDT
2 1INCHUSDT 37 GTCUSDT 72 QNTUSDT
3 ACEUSDT 38 HIFIUSDT 73 QTUMUSDT
4 ACHUSDT 39 HOOKUSDT 74 RDNTUSDT
5 AEVOUSDT 40 HOTUSDT 75 REEFUSDT
6 AGLDUSDT 41 ICXUSDT 76 RSRUSDT
7 ANKRUSDT 42 IDUSDT 77 RVNUSDT
8 API3USDT 43 IOSTUSDT 78 SFPUSDT
9 ARPAUSDT 44 IOTAUSDT 79 SKLUSDT
10 ATAUSDT 45 JOEUSDT 80 SNXUSDT
11 BANDUSDT 46 JUPUSDT 81 SPELLUSDT
12 BANUSDT 47 KAIAUSDT 82 SPXUSDT
13 BATUSDT 48 KEYUSDT 83 STGUSDT
14 BEAMUSDT 49 KNCUSDT 84 STMXUSDT
15 BELUSDT 50 KSMUSDT 85 SUNDOGUSDT
16 BICOUSDT 51 LITUSDT 86 SUPERUSDT
17 BLASTUSDT 52 LOOKSUSDT 87 SXPUSDT
18 BNTUSDT 53 LPTUSDT 88 SYNUSDT
19 C98USDT 54 LQTYUSDT 89 TAIKOUSDT
20 CAKEUSDT 55 LRCUSDT 90 TLMUSDT
21 CELOUSDT 56 LSKUSDT 91 TNSRUSDT
22 CELRUSDT 57 MAGICUSDT 92 UXLINKUSDT
23 CHRUSDT 58 MANTAUSDT 93 VANRYUSDT
24 COMPUSDT 59 MASKUSDT 94 WAXPUSDT
25 COTIUSDT 60 MAVUSDT 95 WOOUSDT
26 CYBERUSDT 61 METISUSDT 96 XTZUSDT
27 DARUSDT 62 MINAUSDT 97 XVGUSDT
28 DENTUSDT 63 NFPUSDT 98 XVSUSDT
29 DOGUSDT 64 NKNUSDT 99 ZILUSDT
30 ENJUSDT 65 NTRNUSDT 100 ZKUSDT
31 FLOWUSDT 66 OGNUSDT 101 ZRXUSDT
32 FXSUSDT 67 ONEUSDT 102 GMMEMEUSDT
33 GLMUSDT 68 ONGUSDT
34 GMCI30USDT 69 ORBSUSDT
35 GMTUSDT 70 POPCATUSDT

Table 2 Maker Weight – Only used to calculate weighted maker volume

Type

Weight

Currency

Quote currency

1 USDT

Quote currency

2 USDC

Quote currency

6 BTC、ETH、FIAT

Base currency

1 BTC、ETH、SOL、DOGE、XRP

Base currency

3 ADA、BGB、DOG、EUR、GRASS、KAS、MOODENG、NEIROETH、RAY、SUI、TAO、TRX、USDC、X、XLM

Base currency

5 PEPE、WIF、PNUT、SHIB、TURBO、HIPPO、NEIROCTO、BAN、URO、RIFSOL、DOGS、ACT、SCIHUB、FRED、GOAT、LUCE、FLOKI、FARTCOIN、HAPPY、CHEERS、BOME、MEW、SUNDOG、HMSTR、WHY、MEME、PEOPLE、MUMU
Base currency 10 Others


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