When is the fee rebate distributed? How is the amount calculated?

The fee rebates of Maker and Taker are settled once per day. Calculated daily at 00:05 (GMT+8) based on previous day’s trades. The settlements starts daily at 00:35 (GMT+8), and is expected to be completed within an hour (before 01:35 GMT+8).


Maker Reward:

40% of the total fee (buy + sell) of the trade in MAX Token calculated based on MAX Exchange’s average buyback price in the market in the previous day.


For example:

Assume 1 USDT = 1 MAX Token

Reward for Maker is 8 MAX Tokens ( (Buyer Fee 5 USDT + Seller Fee 15 USDT) * 40% * 1 = 8 MAX Tokens).


Taker Reward:

10% of Total Fee (buy + sell fee) of the trade in MAX Token calculated based on MAX Exchange’s average buyback price in the market in the previous day.


For example:

Assuming 1 USDT = 1 MAX Token

Reward for Taker = 2 MAX Tokens ( (Buyer Fee 5 USDT + Seller Fee 15 USDT) * 10% * 1 = 2 MAX Tokens)


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