Rebates are considered an invisible asset in a trading career, as they can directly reduce trading costs, generate additional profits, and more importantly—this might be the only bargaining chip you have when negotiating with top traders. Today, let's thoroughly explain this business.

**What is a rebate?**

Simply put, when you trade on an exchange, you pay a fee for each transaction. Spot trading is straightforward, but derivatives are more intense. Derivative fees are calculated based on the position size. For example, using $1,000 with 100x leverage, the actual position is $100,000. Opening and closing the position incurs about 0.15% fee. The larger the trading volume, the more terrifying this cost becomes.

Want to see how much you've contributed? Open the VIP section in your exchange's personal center to see the precise fee rates. Check the derivatives profit and loss analysis or spot account details; the total "bleeding" of fees is clear at a glance.

**Exchange's plan**

Top exchanges understand this well. They don't rely solely on fee income but allocate a portion to promote growth—that's why rebates were created. The mechanism is straightforward: invite users, and the invited users enjoy discounted rates; you receive a commission reward. Essentially, it's an exchange's strategy to attract new users.

**Differentiated gameplay**

Of course, there are rules. The more people you invite, the higher your rebate rate. Certain top influencers who can mobilize large user bases get exclusive channels, and their rebate rates are on a completely different level compared to regular users. This is also why big V users can negotiate lower fees for their followers.