Crypto fee rebate glossary

A share of the trading fees you pay that the exchange gives back to you.

Rebates are paid after the fact: the exchange charges its normal fee and part of it is returned later. Binding a referral code never raises your fees.

E.g. 100 USDT of futures fees at a 40% rebate returns 40 USDT, so you pay 60 USDT.

Further reading: Crypto Fee Rebate Guide: UID Binding and Money Flow · Rebate rates and referral codes

A code entered at signup that records who referred you to the exchange.

Whoever’s code you use receives the fee share, and a bound code cannot be changed, so enter the right one at signup.

E.g. sign up on Binance, OKX, Bybit or Gate through Fee Otter’s dedicated link and the code is filled in for you.

Further reading: Best Crypto Referral Codes 2026: Every Code, 20–70% Rebates · Exchange fact sheets

A referrer contracted with the exchange that earns a share of referred users’ fees.

Affiliate shares are usually higher and longer-lasting than regular user codes. Fee Otter is an affiliate of these exchanges and passes most of the share back to users.

Further reading: Why Rebates Exceed 20%: Where the Money Comes From

The part of the rebate the exchange returns straight to your exchange account.

With an affiliate code most exchanges return 20% automatically; BingX returns 45%, Pionex 15%, KuCoin 60%, WEEX and XT.COM 60% on futures (35% on spot), HTX 30%, CoinW 60% on futures (20% on spot), and Ourbit 50%, while Bybit has no such layer.

Further reading: Automatic Rebate Comparison 2026: Which Exchange Pays the Most Back Directly? (With Screenshots)

The rebate Fee Otter settles daily, on top of the exchange auto-rebate.

It is recorded on the rebate dashboard, where you can see each line and request a withdrawal. Together with the auto-rebate it makes up the rate shown on our site.

E.g. Binance is 20% auto + 20% extra = 40%.

Further reading: Automatic Rebate Comparison 2026: Which Exchange Pays the Most Back Directly? (With Screenshots) · How Crypto Fee Rebates Are Settled and When They Arrive

Fee Otter’s member area listing every fee, rebate and rate.

Data for the previous day refreshes daily at 16:00 (UTC+8); rebates settle automatically every day, and you can request a withdrawal here.

Further reading: How Crypto Fee Rebates Are Settled and When They Arrive · About Fee Otter

The unique number an exchange assigns to each account.

Binding for rebates only needs your UID — no password, funds or API access. It is usually on the profile page of the exchange app.

Further reading: What Is an Exchange UID and How Do You Find It?

Entering a referral code after registration, within a window the exchange allows.

Only some exchanges allow it: Binance within 30 days (before deposit or trading), MEXC within 30 days, Bybit and Pionex within 14 days, among others. The rest have no public channel.

Further reading: Referral Code Late Entry & Rebind Rules by Exchange (2026) · Exchange fact sheets

Moving an existing account to a different referral code or rebate site.

A referral link cannot be changed directly, so rebinding uses the official backfill window, a KYC identity transfer or a fresh registration, and the method differs by exchange.

Further reading: Referral Code Late Entry & Rebind Rules by Exchange (2026)

An official process that moves identity verification (KYC) from an old account to a new one.

Some exchanges offer it so existing users can bind a new referral code on a new account while keeping the same verified identity.

Further reading: KYC Identity Transfer for Rebates: Bybit and WEEX

Referral codes run by individuals or resellers rather than affiliates contracted with the exchange.

Their share is usually lower and time-limited, and agent status is reviewed — if the referrer’s terms change, your rebate can disappear.

Further reading: Referral Code vs Rebate Site vs Direct Signup (2026) · Are Crypto Fee Rebates Real? Is Binding a Code Safe?

A maker order rests on the order book; a taker order fills immediately against existing orders.

Taker fees are usually higher than maker fees, and market orders are always taker. Both earn rebates.

E.g. Binance futures: maker 0.02%, taker 0.05%.

Further reading: Maker vs Taker Fees: How They Are Calculated

A fee-discount level an exchange grants by trading volume or assets.

Higher VIP tiers pay lower list fees. VIP discounts and rebates stack.

Further reading: Fee Rebate for High-Volume Traders: Stacks on VIP · Effective fee calculator

The standard fee an exchange publishes for regular (VIP0) users, before any discount or promotion.

We compare fees at VIP0 list rates taken from each exchange’s official sources, each with a verification date.

Further reading: Methodology · Monthly fee & rebate index

A fee discount for paying fees with the exchange’s own token, such as BNB, GT or BGB.

Anyone can get it regardless of referral code. Our rebate rates exclude it; the two stack.

E.g. paying Binance spot fees in BNB takes 25% off.

Further reading: Rebate rates and referral codes · Monthly fee & rebate index

The fee rate you actually pay after the rebate (and any token discount).

Net fee = list fee × (1 − rebate rate), times (1 − token discount) if you use one.

E.g. Gate futures taker 0.05% with a 70% rebate nets 0.015%.

Further reading: Perp Fees: Your Effective Rate After a Rebate · Methodology

A periodic payment between longs and shorts on perpetual contracts that keeps the price near spot.

Funding is not an exchange fee and is not rebated; the longer you hold, the more it affects your cost.

Further reading: Funding rate comparison

Buying and selling the crypto asset itself, which you then hold.

Spot fees are a percentage of the trade value and also earn rebates.

Further reading: Fee Rebate for Spot Investors and DCA Buyers

A derivative contract with no expiry, margined and settled in USDT.

Perpetuals allow leverage and long or short positions, trade in large volume, and generate most rebate income.

Further reading: Perp Fees: Your Effective Rate After a Rebate

Using margin to open a larger position than your capital.

Fees are charged on the notional value, so leverage creates more fees — and more rebate — from the same margin.

E.g. 1,000 USDT margin at 10× is a 10,000 USDT notional position.

Further reading: Perp Fees: Your Effective Rate After a Rebate

Perpetual contracts on traditional assets such as US stocks or commodities, e.g. TSLA, NVDA, crude oil.

Some exchanges price them on a separate fee schedule that may differ from crypto perpetuals.

Further reading: Tokenized Stock Fees 2026: Binance vs Bitget, Bybit & OKX

A feature that automatically mirrors another trader’s or strategy’s orders.

Copy-trading fees also earn rebates.

Moving funds into your exchange account, by transferring crypto or buying with fiat.

Some backfill rules require that you have not deposited yet, so check your referral code before your first deposit.

Further reading: Crypto Fee Rebate Guide: UID Binding and Money Flow

Moving funds out of the exchange, to fiat or another wallet.

A common route is to send USDT to a local exchange and sell it for your currency. Rebates on the dashboard are paid out on request.

Further reading: How Crypto Fee Rebates Are Settled and When They Arrive