Bybit Liquidity Provider Programme
Bybit's centre of gravity is derivatives, and the LP programme is designed around perp depth. For issuers and operators, that changes how a panel is structured — and how the venue's own book interacts with external market makers on day one of a listing.
- Programme
- MM · LP1/LP2 · Institutional
- Maker rebate (perps)
- Up to -0.015%
- Spot maker
- From 0.000% at top tier
- Reporting
- Daily KPI dashboard via API
LP1 vs LP2
LP1 is for firms quoting major perpetuals with high uptime; LP2 covers long-tail perps and newly listed pairs. The rebate is lower but the quoting band is wider, which is the right entry point for most newly listed tokens.
Spot vs derivatives panels
We typically structure separate spot and derivatives MM mandates on Bybit. Same firm, different KPIs, different rebate stacks — and a kill-switch on either side if a venue-specific event widens spreads beyond the agreed band.
Does Bybit run its own house market maker?
Like most major venues, Bybit operates internal liquidity on top tier pairs. External MMs are sized around that — there is no value in paying a firm to quote behind a deeper internal book.
Live decision on the table?
Panel design, term-sheet review, KPI matrix, or a venue rebate negotiation — direct partner time, no pitch deck.