IBITTERS,
IBIT gathers top-tier liquidity and depth from global cryptocurrency exchanges, ensuring minimal perpetual contract spread for the highest industry standard. To provide traders with the ultimate trading experience, IBIT introduces the slippage compensation program for contract trading.
Duration: 5th March, 16:00 - 30th April, 15:59 (UTC)
1. Rules:
In the case that there is a notable discrepancy between the current real-time price and the transaction price (slippage ratio > 0.01%), users who are contract traders may apply for [Slippage Compensation].
*Example:
ETH current real-time price: $3,500.01. At the same time, the market order opening, actual transaction price: $3500.51.
Price difference = 0.5 USDT, slippage ratio 0.01428%, eligible for [Slippage Compensate].
ETH current real-time price: $3,500.01. At the same time, a market order opening for long position, actual transaction price: $3500.11.
Price difference = 0.1 USDT, slippage ratio 0.00286%, not eligible for [Slippage Compensation].
2. How to Apply?
1. When the slippage ratio reaches 0.01% or above, users can apply for Slippage Compensation. The subsidy amount will be the principal spent on the difference.
2. Users eligible to apply for slippage compensation should contact online customer service and provide screen recordings or screenshots, including the opening operation, opening transaction price, and current real-time price.
3. After verification by the staff, the slippage compensation will be distributed to the user's account within 3 working days after verification.
Notes:
1. All registered users can participate in the event before it ends.
2. The event supports market order opening, one click close, market TP/SL orders, limited to BTC/USDT and ETH/USDT perpetual contract trading pairs.
3. The event does not support copy trading.
4. Each user can receive the Slippage Compensation up to twice per month.
5. Slippage Compensation Amount = Principal x (Price difference /Transaction Price).
*For example, if the current real-time price of ETH is $3,500 and a market order long position with a principal of 10,000 USDT is executed at an actual transaction price of $3503, with a price difference of 3 USDT and a slippage ratio of 0.0857%; the slippage compensation amount = 10,000 x 3/3503.01 = 8.57 USDT.
6. Regarding document submission: please provide a screen recording including the opening operation, opening transaction price, current real-time price, and network detection status (good or above). The application must be submitted within 3 days of the order being executed. Slippage Compensation will not be accepted after the end of the event, so please pay attention to the next event.
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