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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 USDC rebates by providing liquidity on Polymarket
Polymarket has enabled taker fees on 15-minute crypto markets, 5-minute crypto markets, NCAAB (college basketball), and Serie A markets. These fees fund a Maker Rebates program that pays daily USDC rebates to liquidity providers.
Why Maker Rebates?
Sports markets benefit from the same dynamics as crypto markets. When liquidity is deeper:
- Spreads tend to be tighter
- Price impact is lower
- Fills are more reliable
- Markets are more resilient during volatility
Maker Rebates incentivize consistent, competitive quoting so everyone gets a better trading experience.
How Maker Rebates Work
- Paid daily in USDC: 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 USDC, directly to your wallet.
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.
| Market Type | Period | Maker Rebate | Distribution Method |
|---|---|---|---|
| 15-Min Crypto | Jan 19, 2026+ | 20% | Fee-curve weighted |
| 5-Min Crypto | Feb 12, 2026+ | 20% | Fee-curve weighted |
| Sports (NCAAB, Serie A) | Feb 18, 2026+ | 25% | Fee-curve weighted |
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 × p × feeRate × (p × (1 - p))^exponent
Where C = number of shares traded and p = price of the shares. The fee parameters differ by market type:
| Parameter | Sports (NCAAB, Serie A) | 5-Min & 15-Min Crypto |
|---|---|---|
| Fee Rate | 0.0175 | 0.25 |
| Exponent | 1 | 2 |
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 USDC and vary based on the share price. However, fees are collected in shares on buy orders and USDC on sell orders. Fees are highest at 50% probability and lowest at the extremes (near 0% or 100%).