Bybit Spot RPI Program launch and API fee updates for pros

Disclaimer: This is a general announcement. Products and services mentioned here may not be available in your region. Please refer to the terms and conditions for more details.

As part of our ongoing efforts to enhance market quality and the trading experience for all clients, Bybit will launch a dedicated Spot Retail Price Improvement (RPI) Liquidity Program and update the Spot Market Maker fee structure.

These updates include fee adjustments, program mechanism enhancements, and expanded symbol access. They aim to improve execution efficiency, broaden participation, and maintain fair and transparent incentive structures across spot markets.

Event period: Starts on Feb 3, 2026, 10AM UTC

1. Spot market maker fee adjustment

- Spot MM3 maker rebate changes from -0.9 bps to -0.75 bps

- Applicable symbols: This adjustment applies to all spot symbols except BTC/USDT and ETH/USDT. For BTC/USDT and ETH/USDT, the maker rebate will remain at -0.9 bps until further notice.

2. Spot RPI Liquidity Program

Bybit is introducing a dedicated Spot RPI Liquidity Program to recognize and support selected professional market makers who commit to delivering consistent, high-quality RPI quotes across a broad range of spot symbols.

As part of this update, RPI order placement access will be newly opened to all Spot Market Makers on selected symbols. In addition, market makers may apply to participate in the Special RPI Liquidity Program, which introduces an additional incentive and evaluation framework for market makers who apply and are selected as program participants.

RPI order placement access

- RPI order placement is enabled for all Spot Market Makers across MM1, MM2 and MM3 tiers on selected symbols.

- Market makers may apply to enroll in the Special RPI Liquidity Program.

- Approved (eligible) market makers may submit RPI orders and be qualified for maker rebates, subject to program participation and requirements.

- Participation in the Special RPI Liquidity Program is optional.

Program benefits

(1) RPI maker rebate policy

Default treatment (Non-participants):

- Market makers who do not participate in, or are not selected for, the RPI Liquidity Program may place RPI orders.

- For such market makers, the RPI maker rebate is set to 0.

Program participants (Approved):

- Only market makers who apply for and are accepted into the RPI Liquidity Program, and who meet the defined RPI quoting obligations, are eligible to receive RPI maker rebates.

RPI maker rebates:

- Rebates follow the participant’s Spot Market Maker tier (MM1 / MM2 / MM3).

- Rebates are granted upon evaluation, provided that all RPI obligations are met during the evaluation period.

- Detailed eligibility criteria, quoting requirements, and evaluation methodology are available upon request from your Relationship Manager.

(2) Dedicated RPI liquidity financing

- Institutional Loan support exclusively for RPI market making.

- Enables liquidity scale-up without increasing capital burden.

(3) Top symbol flow opportunities

- Participants may gain access to RPI flow on top spot symbols based on performance.

Additional criteria apply:

- RPI maker volume share ≥ 5% of total Bybit RPI maker volume.

- Minimum 40 trading pairs with active RPI liquidity provision.

- Top symbols include: BTCUSDT, ETHUSDT, SOLUSDT, XRPUSDT, MNTUSDT, SUIUSDT, DOGEUSDT, ADAUSDT, PEPEUSDT and TRUMPUSDT.

RPI liquidity obligations

Participants must meet ongoing quoting and performance requirements throughout the program. Key requirements include:

- Maintaining a defined daily average quoting depth. Example: OPUSDT — both sides, 50 bps depth, 12,000 USDT

- Meeting minimum symbol coverage thresholds

- Detailed obligation parameters and evaluation methodology are available upon request. Please contact your Institutional Account Manager for full documentation.

Broader spot symbol coverage

To further enhance execution quality across spot markets, RPI coverage will be expanded to the following symbols: ASTERUSDT, BARDUSDT, PROVEUSDT, PUMPUSDT, SOMIUSDT, XPLUSDT, ERAUSDT, ZKCUSDT, TREEUSDT, LINEAUSDT, MAGICUSDT, HOLOUSDT, TOWNSUSDT and DOLOUSDT

This expansion remains effective until further notice. Additional symbols may be introduced in future phases based on market conditions and performance. For the full and most up-to-date list of supported RPI symbols and access eligibility, please refer to the [API documentation](https://bybit-exchange.github.io/docs/v5/account/instrument).

How to apply for the RPI Liquidity Program

Pro institutional clients may apply by following the steps below:

1. Contact your Institutional Account Manager to express interest in the RPI Liquidity Program.

2. Review the RPI obligation requirements, including quoting depth, minimum coverage and evaluation criteria.

3. Submit your intended symbol coverage, selecting the spot pairs you plan to support.

4. Bybit will review and make a final determination based on quoting capability and expected contribution.

5. Approved participants will be notified by their Account Manager prior to program activation.

Assessment and evaluation

1. Upon acceptance, participants will enter an initial grace (observation) period, during which no performance assessment will be conducted. During this phase:

- Special RPI rebate rates will be granted.

- Participants may deploy and adjust strategies to align with RPI requirements.

2. Formal performance assessment will begin in the designated assessment month, which will be communicated in advance by the Relationship Manager. During this period:

- Participants’ performance will be evaluated against the defined requirements.

- If the requirements are not met, ongoing rebates and associated benefits may be withdrawn or recalled.

For more information, visit our [Help Center](https://www.bybit.com/en/help-center/article/Retail-Price-Improvement-RPI-Order).