Fee Credits
Overview
Fee Credits are platform-issued vouchers that reduce your trading fees. 1 Fee Credit = $1 in trading fee deductions, automatically applied to every trade.
What are Fee Credits?
Fee Credits are a platform reward mechanism that returns value to active traders through trading fee deductions.
No Claims Required: Rewards are automatically credited to your Fee Credits balance.
No Manual Action: Applied instantly to every trade automatically.
Real-time Fee Credit Consumption: Equivalent USDC rebates are distributed daily to your futures account.
Core formula: 1 Fee Credit = $1 in trading fee deduction
Eligible Trading Types
Perpetual Contracts
✅ Eligible
Spot Trading
❌ Not eligible
Other Fees
❌ Not eligible
Note: Fee Credits apply exclusively to perpetual contract trading fees and cannot be used for spot trading or other fee types.
How Fee Credits Work
01 — Subsidy Form
Fee Credits exist as a fee subsidy and are automatically applied to every perpetual contract trade.
No manual redemption or activation is required.
When a trade is executed, available Fee Credits are automatically used to offset the trading fee.
If your Fee Credits balance is insufficient to cover the full fee, the remaining amount will be deducted from your account balance.
Interaction with Referral Code Discount (Referee Fee Discount)
If you joined the platform using a Referral Code (i.e., you are a referee), you are entitled to an additional fee discount:
Enjoy a 5% fee discount on the first $25,000,000 in cumulative trading volume.
Fee Credits are applied after the fee discount. The system first applies the 5% fee discount, then uses Fee Credits to offset the remaining fee.
Referrer Rebate Calculation
The rebate earned by the referrer is calculated based on the actual fee paid by the referee after all deductions, following this order: Original Fee → minus 5% referee discount → minus Fee Credits → Remaining Amount Paid = Rebate Basis
If the referee’s Fee Credits fully cover the trading fee for a given trade, the referrer will receive no rebate for that trade, as the actual fee paid is $0.
Scenario 1: Fee Credits fully cover the trading fee
Original trading fee
$10.00
—
Apply 5% referee discount
−$0.50 → $9.50
—
Fee Credits deduction (sufficient balance)
−$9.50 → $0.00
—
Actual fee paid
$0.00
—
Rebate basis
—
$0.00 (no Rebate generated)
Scenario 2: Fee Credits partially cover the trading fee
Original trading fee
$10.00
—
Apply 5% referee discount
−$0.50 → $9.50
—
Fee Credits deduction (balance: $4.00 only)
−$4.00 → $5.50
—
Actual fee paid
$5.50
—
Rebate basis
—
$5.50
Note: The 5% referee discount applies only to the first $25M in trading volume. Once this threshold is reached, the discount expires automatically. Fee Credits remain valid and usable beyond that point. Referrer rebate rates are subject to the terms of the referral program.
02 — Real-time Fee Credits Consumption
Fee Credits are consumed in real time based on eligible trading fees, while equivalent USDC rebates are distributed daily to your futures account.
Fee Credits are consumed when eligible trades are matched and executed.
Trading fees are charged normally and reflected in your trade history.
Consumed Fee Credits are calculated daily and converted into equivalent USDC rebates.
Equivalent USDC rebates are distributed daily to your futures account.
No manual action is required; consumption is instant, and settlement is automated daily.
03 — Spend History
The platform provides a complete Fee Credits usage history so you can track your daily usage.
View your Fee Credits usage broken down by day.
Review per-trade fee deduction details.
Assess your trading fee savings and Fee Credits usage.
Validity & Expiry Rules
Fee Credits may have different validity periods. Please refer to the individual campaign details for more information.
Upon expiry, unused Fee Credits will expire automatically.
Reissuance Policy: Expired Fee Credits will not be reissued.
Important: Please ensure you use your Fee Credits before they expire. Expired credits are forfeited automatically and cannot be recovered or reissued.
Key Restrictions
Before using Fee Credits, please be aware of the following restrictions:
Non-transferable: Fee Credits cannot be transferred to other users or accounts. They are only valid for the issuing account.
Non-withdrawable: Fee Credits cannot be withdrawn to external wallets or bank accounts or converted into other cryptocurrencies.
No cash value: Fee Credits hold no cash value and may only be used as fee deductions. They cannot be used for any other purpose.
Viewing Your Balance & Usage History
You can access the Fee Credits Center at any time to view:
Current Balance: Your remaining available Fee Credits.
Usage History: A per-trade record of all Fee Credit deductions.
Daily Breakdown: Usage statistics aggregated by date.
Last updated
Was this helpful?