VIP Program and Market Maker Policy

browse

On Tuesday, May 31st, at 20:00 EDT (UTC -4) FTX added an additional four VIP and MM fee and rate limit tiers to the VIP/MM program for a total of 7 (MM1-7, VIP1-7). The new tiers will reduce the incremental volume requirement increase between tiers, providing users the opportunity to obtain higher VIP/MM tiers–and therefore higher rate limits, lower taker fees, and higher maker rebates–consistently as they grow their volumes.  

 

VIP Fees

Tier

Taker

Maker 

Requirements

VIP1

0.0375%

0

Total volume 0.1% of exchange volume 

VIP2

0.035%

0

Total volume 0.15% of exchange volume 

VIP3

0.0325%

0

Total volume 0.25% of exchange volume 

VIP4

0.03%

0

Total volume 0.5% of exchange volume 

VIP5

0.028%

0

Total volume 1% of exchange volume 

VIP6

0.0265%

0

Total volume 1.5% of exchange volume 

VIP7

0.025%

0

Total volume 2.5% of exchange volume 

 

VIPs at FTX receive a number of benefits, including:

1) Lower fees

2) Account manager

3) Higher API limits 

4) A direct line with a senior technical support for API questions

5) The ability to provide input to the products that FTX launches

6) FTX customized VIP swag and access to VIP meet-ups

7) Admin whitelisting of withdrawal addresses 

8) Historic tick-level order book snapshots (provided on request)

*VIPs do not generate referral fees from their account, though they can still refer other traders and receive fees for that.

Note: You only need to reach either the tier or the 30d volume threshold. For users who are at least 5% of one-sided volume (or 2x the requirements of VIP3), the rate limits are 1.5x the VIP3 tier. For users who are at least 10% of one-sided volume (or 4x the requirements for VIP3), the ratelimits are 3x the VIP3 tier.

 

Market Makers

Tier

Taker

Maker

Requirements

MM1

X

-0.001%

Maker volume 0.025% of exchange volume

MM2

X

-0.0025%

Maker volume 0.1% of exchange volume

MM3

X

-0.0035%

Maker volume 0.25% of exchange volume

MM4

X

-0.005%

Maker volume 0.5% of exchange volume

MM5

X

-0.0065%

Maker volume 0.75% of exchange volume

MM6

X

-0.008%

Maker volume 1% of exchange volume

MM7

X

-0.01%

Maker volume 1.5% of exchange volume

The negative numbers here mean that you receive a maker rebate for providing.

These discounts stack with staked-FTT-based maker rebates.

*Note that this will not alter your taker fees; those are whatever they otherwise would be according to the standard fee schedule or VIP program.  These maker fees shared in the table above will override whatever your maker fees would otherwise be.

 

Market Maker Payments

In addition to the above, we will be paying out the following monthly:

  1. $1.5 million proportional to overall spot and futures maker volume of all market makers across the platform.
  2. $250k proportional to options maker volume
    1. This will be split 50-50 between all options and MOVE volume traded throughout the calendar month. 
  3. $1k per market for the largest maker in that market by volume for markets that trade over $30k over the month

 

FTT

Note that VIPs still receive fee reductions for holding FTT!  You can find the FTT schedule here.  Note the following:

1) Your taker fee cannot go below 0.015% all things considered

2) If you have a maker rebate (i.e. you are a Market Maker), FTT will not affect that rebate, but will still decrease your taker fees.

 

Notes

  1. % of exchange volume means % of exchange taker volume--so if you were the taker on every trade and never provided that would be 100%, not 50%.
  2. FTX reserves the right to interpret, modify, change, or remove these programs at its sole discretion and will review them periodically.
  3. While the criteria for the programs are public FTX has no requirement to allow specific entities into the programs.

__________________________________________
Before Tuesday, May 31st, 2022 at 20:00 EDT (UTC-4), the following VIP and MM schedules were used.
mceclip1.png

 

mceclip0.png

 

_______________________________________

Previous
Next
360044358751
Didn't find what you were looking for?
Create a support ticket
Community

Was this article helpful?

0 out of 0 found this helpful