imageHow does the trading fees payback program work? - Delta Exchange

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How does the trading fees payback program work?

In this program, we return 50% of the trading fees paid by you back in the form of Fee Credits. These Fee Credits can then be utilised to enjoy commission-free trading.

How it works

Everyday at 12am UTC, we compute the net trading fees paid by you in the last 24 hours. 50% of this amount is transferred back to your account as Fee Credits. These Fee Credits can then be used by you to pay for fees of your subsequent trading. This means as long as you have outstanding Fee Credits, your trading on Delta Exchange is free! It is important to note a few things:
  • The net trading fees is essentially the revenue earned by Delta Exchange from your trading and is computed by subtracting all rebates and discounts from your trading fees.
  • Fee Credits are paid in the some currency as the trading fees paid. So, 50% of your net trading fees in BTC is retuned as BTC Fee Credits and 50% of your net trading fees in USDC is returned as USDC Fee Credits.
  • Fee Credits have an expiry date. Currently it is set to 24 hours from the time at which Fee Credits are granted. This means that any unused Fee Credits expire after 24 hours.
You can see the Fee Credits that you currently have in your account balance.

Example

Today you trade in only BTCUSD and ETHUSDQ contracts. Your trading volume in the BTCUSD contract is USD 1mn, and you pay a net trading fees of 0.05 BTC. Likewise, your trading volume in the ETHUSDQ contract is USDC 2mn and you pay a net trading fees of 4000 USDC. At the end of the day (i.e. 12 am UTC), you would get 0.025 BTC and 2000 USDC as BTC Fee Credits and USDC Fee Credits respectively. You will have to use these Fee Credits in the next 24 hours by using them to pay fees for your trading in the next day. Any unused Fee Credits will expire at the 12 am UTC of the following day.

Terms & Conditions

  • This promotion will be active from 23rd September 2019 8:30am UTC.
  • Everyday at 12:00am UTC, 50% of the trading fees paid by a user are paid back as Fee Credits. These Fee Credits must be used within the next 24 hours.
  • Fee Credits are denominated in Bitcoin and USDC. Trading Fees paid in Bitcoin is returned as Bitcon Fee Credits and trading fees paid in USDC is returned as USDC Fee Credits.
  • Fee Credits are based off the actual trading fees earned from a user. This means that 50% of the taker fees paid a user excluding all other discounts and referral commissions is what is returned to the user as fee credits.
  • Fee Credits' features
    • cannot be used for any purpose other than paying trading fees.
    • are not withdrawable
    • are non-transferable
    • Bitcon Fee Credits cannot be converted into USDC Fee Credits. Similarly, USDC Fee Credits cannot be converted in Bitcoin Fee Credits.
    • if unused, expire after 24 hours of being granted
  • This promotion is available to both new and existing users.
  • There is no coupon code required for this promotion. All our users are automatically provided trading fee payback in the form of fee credits.
  • Delta Exchange reserves the right to change the terms of the promotion or discontinue the promotion for any or all user(s) at any time due to risk of fraud or any other factor that it deems relevant.
  • In case of any dispute the decision of Delta Exchange shall be final and binding.
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