Options Scalper Carnival

We are excited to introduce a new offer where you can get 100% cash back on fee paid on scalping trades on Options. This offer is only valid till 21st April 2023 4:30am UTC/ 10am.

 

What is Scalping?

Scalping involves buying and selling contracts within a short period of time. The goal of scalping is to make a profit from small price movements in the market. In order to make it attractive for traders to scalp we have introduced the Cashback offer. Thus, if you open and close a trade within the stipulated time window (given below) then that trade will be counted as a scalping trade.

 

Terms & Conditions:

1. This offer will start from 9th March 2023 12:30pm UTC/ 6pm IST and end on 21st April 2023 4:30am UTC/ 10am.
2. This offer is valid only on Options trades.
3. You must open and close positions between 12:30pm UTC/ 6pm IST to 4:30am UTC/ 10am IST the next day. 
4. Only the fees paid in USDT will be eligible for cash back. Fees paid in Delta Cash and DETO will not be eligible for Cashback. 
5. Cashback is valid only on trading fees paid to open and close positions. 
6. If a position is partially closed, then only that part is eligible for cashback.
7. The Cashback will be in the form of Delta Cash.
8. Cashback will be distributed daily between 11:50 am UTC/ 5:20 pm IST and 12:30 pm UTC/ 6:00 pm IST
9. Maximum Cashback earned by a trader/account will be limited to $100 Delta Cash daily. 
10. This offer is not applicable to Market Makers.
11. Delta Exchange reserves the right to modify or change the terms of the offer at any time at its sole discretion.
12. Delta Exchange can selectively disqualify any trader or a group that is found abusing the offer at its sole discretion.
13. The decision of Delta Exchange will remain final and binding. 

 

Example:

 

If your trades between the above mentioned time were as follows:

	Buy Side	Sell Side	Net
Position Size	500	750	500
Fees ($)	3.5	3	5.5

 

We will consider 500 as the size of scalped trades and accordingly calculate sell side fees as $2 (3*500/750). With this, you will be eligible for a trading fee cashback of $5.5 (3.5 + 2).

 

You will be able to view your Delta Cash rewards from the Transaction Logs page under the Asset History tab with the transaction type ‘Delta Cash Received’.

 

If you have any questions or concerns, please do not hesitate to contact our customer support team. 

 

Happy trading!