Bitget liquidity incentive program upgraded
Bitget
2024-07-22 00:00
To enhance liquidity in the spot market and improve user experiences, Bitget has revamped its spot liquidity incentive program and is actively recruiting skilled market makers to join our team, thus driving market prosperity and development.
The program is set to launch on August 1, 2024.
Additional Benefits:
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Access to low-interest rates on over-allocated funds.
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Enjoy flexible repayment options, competitive interest rates, and multi-coin institutional lending services.
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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.
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Priority participation in bonus projects related to specific spot trading pairs.
Fees
| Tier | Spot | Futures Group A Pairs （Tabel1） | 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 | ✅ | ✅ |
| Tier 2 | 200 | 80/s | 80/s | ✅ | |
| Tier 3 | 200 | 80/s | 80/s | ||
| Tier 4 | 200 | 60/s | 60/s | ||
| Tier 5 | 200 | 60/s | 60/s | ||
Assessment Criteria
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Bitget's assessment data combines both spot and margin trading volumes, while futures trading volumes are excluded from this data.
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The final tier will be determined based on the best outcome from three assessment criteria.
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Termination of Status: If a market maker fails to meet any of the Tier 5 requirements for two consecutive months, they will be disqualified from the program.
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Reapplication will not be permitted within two months following disqualification.
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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.
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Maker Ratio = Maker Volume ÷ (Maker Volume + Taker Volume)
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| 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% | / | ≤80% |
Definitions and formulas
- Weighted spot maker volume = Spot maker volume × Weight of Base currency * Weight of Quote currency(Tabel 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 ranking（Parameters）
- 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.
Notes
- Maker rebate: maker rebate is paid in real time.
- 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.
- Daily report: The MM registration email address will receive Market Maker Data Report on a daily basis.
- Tier adjustment: The rate will be adjusted automatically at the first day of every calendar month.
- 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.
- Market makers accounts are not eligible to participate in rebate programs like Referral Program and KOL program.
- Market maker accounts cannot participate in the BGB service fee deduction project;
- Combining multiple main accounts for assessment is not supported.
- 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.
- The volume of the pair which Maker fee + Taker fee = 0 will not be included in the assessment of market makers.
- Bitget reserves the right to modify the market Maker assessment rules in accordance with market changes.
Contact us
- API technical documentation: https://bitgetlimited.github.io/apidoc/en/spot/#welcome
- Email: institution@bitget.com
- Fill in your information on the website: https://www.bitget.com/zh-CN /market-maker
- Telegram: @Bitget_Institution、@Shiyu_Wang、@Sia_liu
Table 1:Futures Group A Pairs
Group B Pairs is all except Group A
| No. | Pairs | No. | Pairs | No. | Pairs | No. | Pairs |
| 1 | 1INCHUSDT | 26 | CYBERUSDT | 51 | LITUSDT | 76 | RVNUSDT |
| 2 | ACEUSDT | 27 | DARUSDT | 52 | LOOKSUSDT | 77 | SFPUSDT |
| 3 | ACHUSDT | 28 | DENTUSDT | 53 | LOOMUSDT | 78 | SKLUSDT |
| 4 | AEVOUSDT | 29 | DOGUSDT | 54 | LPTUSDT | 79 | SNXUSDT |
| 5 | AGLDUSDT | 30 | ENJUSDT | 55 | LQTYUSDT | 80 | SPELLUSDT |
| 6 | AIUSDT | 31 | FLOWUSDT | 56 | LRCUSDT | 81 | STGUSDT |
| 7 | ANKRUSDT | 32 | FRONTUSDT | 57 | LSKUSDT | 82 | STMXUSDT |
| 8 | API3USDT | 33 | FXSUSDT | 58 | MAGICUSDT | 83 | SUPERUSDT |
| 9 | ARPAUSDT | 34 | GLMUSDT | 59 | MANTAUSDT | 84 | SXPUSDT |
| 10 | ATAUSDT | 35 | GMTUSDT | 60 | MASKUSDT | 85 | SYNUSDT |
| 11 | BANDUSDT | 36 | GMXUSDT | 61 | MAVUSDT | 86 | TAIKOUSDT |
| 12 | BATUSDT | 37 | GTCUSDT | 62 | METISUSDT | 87 | TLMUSDT |
| 13 | BEAMUSDT | 38 | HIFIUSDT | 63 | MINAUSDT | 88 | TNSRUSDT |
| 14 | BELUSDT | 39 | HOOKUSDT | 64 | NFPUSDT | 89 | UNFIUSDT |
| 15 | BICOUSDT | 40 | HOTUSDT | 65 | NKNUSDT | 90 | UXLINKUSDT |
| 16 | BLASTUSDT | 41 | ICXUSDT | 66 | NTRNUSDT | 91 | VANRYUSDT |
| 17 | BNTUSDT | 42 | IDUSDT | 67 | OGNUSDT | 92 | VGXUSDT |
| 18 | BONDUSDT | 43 | IOSTUSDT | 68 | ONEUSDT | 93 | WAXPUSDT |
| 19 | C98USDT | 44 | IOTAUSDT | 69 | ONGUSDT | 94 | WOOUSDT |
| 20 | CAKEUSDT | 45 | JOEUSDT | 70 | ORBSUSDT | 95 | XTZUSDT |
| 21 | CELOUSDT | 46 | JUPUSDT | 71 | PORTALUSDT | 96 | XVGUSDT |
| 22 | CELRUSDT | 47 | KEYUSDT | 72 | QNTUSDT | 97 | XVSUSDT |
| 23 | CHRUSDT | 48 | KLAYUSDT | 73 | QTUMUSDT | 98 | ZILUSDT |
| 24 | COMPUSDT | 49 | KNCUSDT | 74 | RDNTUSDT | 99 | ZKUSDT |
| 25 | COTIUSDT | 50 | KSMUSDT | 75 | RSRUSDT | 100 | ZRXUSDT |
Tabel 2 Maker Weight – Only used to calculate weighted maker volume
| Type | Weight | Currency |
| Quote currency | 1 | USDT |
| Quote currency | 3 | USDC、BTC、ETH、FIAT |
| Base currency | 1 | BTC、ETH、SOL |
| Base currency | 2 | EURT、FDUSD、LQTY、PYUSD、TUSD、USDC、USDE、USDT、USDV |
| Base currency | 10 | AAVE、ADA、APT、AR、ARB、ATH、ATOM、AVAX、AXS、BB、BCH、BEAM、BGB、BLAST、BNB、BOME、BONK、BRETT、BSV、BTT、CHZ、CORE、CRO、DAI、DOG、DOGE、DOT、DYDX、EGLD、ENA、ETC、FET、FIL、FLOKI、FLOW、FTM、GALA、GME、GRT、ICP、IMX、INJ、IO、JASMY、JUP、KAS、LDO、LINK、LISTA、LPT、LTC、MATIC、MKR、NEAR、NEO、NOT、ONDO、OP、ORDI、PEOPLE、PEPE、PYTH、QNT、RNDR、RON、RUNE、SEI、SHIB、STETH、STRK、STX、SUI、TAIKO、TAO、TIA、TONCOIN、TRX、ULTI、UNI、VET、WBTC、WIF、XLM、XRP、ZK、ZRO |
| Base currency | 20 | Others |