Recently, I encountered two friends who are both testing the waters in the contract market, and their experiences left a deep impression on me.

One guy lost 2000 USDT in a contract—literally 2000 gone without any buffer. Another friend also suffered losses in contracts, but he had enabled the rebate mechanism early on. When he checked his account records later, the platform had already refunded him 600 USDT in fees.

At first glance, both seem to be losing money, but the results are worlds apart.

Many people have a misconception about rebates—they think it's extra income, but that's not correct. Rebate essentially means getting back a part of the fees you would have paid anyway. To put it simply, it's reclaiming some of the money you would have paid to the platform. This isn't earning extra; it's reducing your losses. It's not a bonus given by the platform; it's what you rightfully deserve.

For those frequently trading popular contract assets like ETH, SOL, BNB, etc., the trading fees accumulate very quickly. Every time you open or close a position, you're paying a fee. If there’s no rebate mechanism to cover this, that money truly goes entirely into the platform’s pocket. But if you enable the rebate channel in advance, part of that money can be returned to your account.

Looking at it from another perspective, losing 2000 USDT in two cases—one person actually loses 2000, while the other offsets part of the loss through rebates—leads to completely different account statuses in the end. Do you think it's worth activating the rebate mechanism early? Waiting even one more day could really mean losing money.