Understanding how Polymarket's pool-based Maker Rebate system works.
Polymarket rebates are pool-based, not a fixed cut of each trade. The official per-trade fee formula size × feeRate × p × (1-p)only computes a single trade's "fee equivalent", not what you actually receive. The real distribution is:
That means a maker who dominates a sparse market can receive far more than the per-trade formula suggests, because the pool is fed by everyone's taker fees. The naive formula consistently under-estimates by 5–10× for active makers.
Instead of a generic formula, we calibrate to your own pool history:
trailing_rate = sum(received) / sum(volume) // settled days only forecast(day) = day.maker_volume × trailing_rate
Settled days means we exclude today, yesterday, and any day where received = 0from the rate calculation, so dragged-down Pending entries don't poison the average. The result is a forecast that materially tracks reality and lets you spot anomalies on the same scale as your actual payouts.
A day is flagged Underpaid when received < 80% × forecast— that's the right signal that something went wrong, much sharper than comparing against the unrelated per-trade math.
The app requests your public trade history (type=TRADE) and actual payout history (type=MAKER_REBATE) from the Polymarket API.
To calculate your true Maker Volume, we filter out any Taker trades by ensuring the feeRateBps on your side of the fill is strictly `0` (which safely identifies it as your limit maker order).
Note: Payouts process usually around midnight UTC. If yesterday's or today's rebates show up as `$0`, they will be marked as Pendingbecause the daily pool distribution has highly likely not settled yet. These days are also excluded from the trailing rate so they don't bias the Forecast.
While you cannot calculate exact payouts beforehand, the community generally observes these historical baseline rebate rates depending on the market type:
* Since payouts are proportional relative to other makers, highly crowded markets will dilute your personal rebate rate, whereas providing liquidity in barren markets scales your individual share.