GLaDOS
714c66e5b3
Updated 21 files: - trading/orders: overview, create - developers/CLOB/orders: orders, create-order, create-order-batch, get-order, get-active-order, check-scoring, onchain-order-info - developers/CLOB/status - market-makers: trading, maker-rebates, combos - trading/fees, market-makers maker-rebates-program, trading/fees - dev-tooling: python, typescript - api-reference/core: get-trades-for-a-user-or-markets, get-user-activity - changelog/changelog
6.5 KiB
Documentation Index
Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt Use this file to discover all available pages before exploring further.
Maker Rebates Program
Earn daily pUSD rebates by providing liquidity on Polymarket
Polymarket charges taker fees across multiple market categories. Fees are determined by the protocol at match time and fund a Maker Rebates program that pays daily pUSD rebates to liquidity providers.
Why Maker Rebates
Deeper liquidity means tighter spreads, lower price impact, more reliable fills, and greater resilience during volatility. Maker Rebates incentivize consistent, competitive quoting so everyone gets a better trading experience.
How Maker Rebates Work
- Paid daily in pUSD: Rebates are calculated and distributed every day.
- Performance-based: You earn based on the share of liquidity you provided that actually got taken.
Eligibility
Place orders that add liquidity to the book and get filled (i.e., your liquidity is taken by another trader).
Payment
Rebates are paid daily in pUSD, directly to your wallet. A minimum accrued rebate of $1 pUSD is required for a payout.
Funding
Maker Rebates are funded by taker fees collected in eligible markets. A percentage of these fees are redistributed to makers who keep the markets liquid. The rebate percentage differs by market type.
| Category | Maker Rebate | Distribution Method |
|---|---|---|
| Crypto | 20% | Fee-curve weighted |
| Sports | 15% | Fee-curve weighted |
| Finance | 25% | Fee-curve weighted |
| Politics | 25% | Fee-curve weighted |
| Economics | 25% | Fee-curve weighted |
| Culture | 25% | Fee-curve weighted |
| Weather | 25% | Fee-curve weighted |
| Other / General | 25% | Fee-curve weighted |
| Mentions | 25% | Fee-curve weighted |
| Tech | 25% | Fee-curve weighted |
| Geopolitics | — | Fee-free |
Fee-Curve Weighted Rebates
Rebates are distributed using the same formula as taker fees. This ensures makers are rewarded proportionally to the fee value their liquidity generates.
For each filled maker order:
fee_equivalent = C × feeRate × p × (1 - p)
Where C = number of shares traded and p = price of the shares. The fee parameters differ by market type:
| Category | Taker Fee Rate | Maker Fee Rate |
|---|---|---|
| Crypto | 0.07 | 0 |
| Sports | 0.05 | 0 |
| Finance | 0.04 | 0 |
| Politics | 0.04 | 0 |
| Economics | 0.05 | 0 |
| Culture | 0.05 | 0 |
| Weather | 0.05 | 0 |
| Other / General | 0.05 | 0 |
| Mentions | 0.04 | 0 |
| Tech | 0.04 | 0 |
| Geopolitics | 0 | 0 |
Your daily rebate:
rebate = (your_fee_equivalent / total_fee_equivalent) * rebate_pool
Totals are calculated per market, so you only compete with other makers in the same market.
Taker Fee Structure
Taker fees are calculated in pUSD and vary based on the share price. The fee amount in pUSD is symmetric around 50% probability — a trade at 30¢ incurs the same dollar fee as a trade at 70¢.