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Effective Date: Oct 5, 2026, 12AM UTC

Bybit is launching a new TradFi Perpetual Liquidity Incentive Program, replacing the previous TradFi RPI Maker Rebate Incentive. The core difference is a lower entry barrier, allowing more market makers to participate and earn rewards.

View the previous program here.

Old vs. New Program

Program Overview

How the $100,000 Weekly Pool is Distributed

Each calendar week (Monday 12AM UTC to Sunday 11:59:59PM UTC), Bybit allocates a $100,000 TradFi perpetual liquidity incentive pool. Meet the minimum coverage requirement to qualify. Your reward is calculated by dividing your weekly score by the total score of all qualifying market makers, then multiplying the result by the reward pool:

Your weekly reward = Your weekly score ÷ Total score of all qualifying market makers × $100,000

Each market maker may receive up to $50,000 per week (50% of the pool).

Scoring flow: Order-book snapshots (every 10s) → Depth-weighted effective size (two-sided) → Your share of all market makers' effective depth × Symbol points = Symbol score → Sum of all symbol scores × Coverage multiplier → Your score ÷ Total score of all qualifying market makers × $100,000 pool

How Your Score Is Calculated

Your weekly score is calculated in 3 steps:

• Step 1: Convert each symbol's orders into "effective depth"
  Effective depth = Orders within 0–5 bps × 100% + Orders within 5–10 bps × 60% + Orders within 10–20 bps × 35% + Orders within 20–50 bps × 15%
  The closer an order is to the mid-price, the greater the proportion that counts toward effective depth. Orders beyond 50 bps are excluded.

• Step 2: Calculate your score for each symbol
  Symbol score = Your effective depth ÷ All market makers' effective depth × That symbol's point weight
  Example: If you account for 20% of the total effective depth on a B-tier symbol (2.5 points), your score on that symbol is 20% × 2.5 = 0.50 points.

• Step 3: Sum all qualifying symbols and apply the coverage multiplier
  Your weekly score = Sum of all qualifying symbol scores × Coverage multiplier
  You must cover at least 10 qualifying symbols to participate in the pool distribution. The more qualifying symbols you cover, the higher the multiplier.

Key notes:

• All market makers are measured using the same depth bands and weights, so comparisons are made on a like-for-like basis.

• Each symbol has a per-maker effective depth cap; orders beyond the cap do not increase your score for that symbol.

• Only symbols that meet the sampling and qualification rules described in Section II count toward your weekly score and coverage count.

In short: tighter quotes, a larger share per symbol, and broader coverage → higher score → larger reward.

Calculation Rules: Depth, Symbol Weights, Coverage & Sampling

1. Depth Band Weights

We measure order distance from the mid-price in basis points (bps). Two-sided order volume in each band is multiplied by the corresponding weight and aggregated into effective depth; orders are not double-counted across bands.

For example, the same $10,000 in two-sided order contributes $10,000 of effective depth within 0–5 bps, but only $1,500 within 20–50 bps. Orders closer to the book contribute more, while orders placed far from the market contribute little or nothing.

2. Symbol Point Weights & Per-Maker Depth Caps

Each TradFi perpetual symbol is assigned to Tier A, B, or C based on liquidity demand. The tier determines the symbol's point weight, qualification floor, and per-maker effective depth cap. The full symbol list is available here.