Referral
How to unlock your referral code, how many people you can invite, and what both sides earn.
Getting your referral code
To unlock your referral code, you must trade $10,000 or more in total volume across spot, perpetuals, or both.
Once you meet this requirement, visit the Referral Page to find your unique Referral Link and Referral Code. You can share either one with friends through Telegram, X (Twitter), Discord, or any other channel you prefer.
Invite slot system
Invites are rationed. You hold a number of invite slots, and each signup consumes one.
- Every account starts with 3 invite slots.
- Each time someone signs up using your referral code, 1 invite slot is used.
- Referral codes cannot be bound between accounts that already have an existing referral relationship.
- If you use all your invite slots, you can unlock 3 new invite slots by trading $10,000 or more in total volume across spot, perpetuals, or both within a single day.
- New invite slots are added at the next daily reset, which occurs at 00:00 UTC.
- You can unlock a maximum of 3 new invite slots per day, regardless of how much volume you trade.
The Referral Page shows your remaining slots, your progress toward the next unlock, and a countdown to the daily reset.
Referral rewards
- You earn 10% of each referred user's net perpetual trading fees, calculated after any fee discount they receive.
- Rewards apply to each referred user's first $1B in trading volume.
- Rewards are settled automatically each day and credited directly to your Perp account.
How to use a referral code
Go to the Referral Page, enter the code in the Bind a Referral Code section, and click Bind.
Once you bind a referral code, you receive 5% off fees on both spot and perpetual trades for your first $25M in combined trading volume. See Fees & Discounts for how that discount sits on top of your volume tier.
At a glance
| Referrer | Referee | |
|---|---|---|
| Requirement | $10,000 total volume, spot or perpetuals or both | Bind a code on the Referral Page |
| Limit | 3 invite slots at a time, up to 3 more per day | One code, permanent once bound |
| Benefit | 10% of the referee's net perpetual trading fees | 5% off both spot and perpetual fees |
| Cap | Referee's first $1B in trading volume | Your first $25M in combined volume |
| Payout | Settled daily to your Perp account | Applied automatically once the code is bound |
FAQ
Can I create multiple referral codes?No. Each account can only have one referral code.
Can I change my referral code after it is created?No. Your referral code is permanent once generated and cannot be modified.
Can I use my own referral code?No. The referrer and referee must be separate accounts.
What happens when I run out of invite slots?Once all of your invite slots are used, you can unlock 3 more invite slots by trading $10,000 or more in total volume within a single day. The new slots are added at the next daily reset, 00:00 UTC. You can track your progress and view the countdown timer on the Referral Page.
What happens after a referred user reaches $1B in trading volume?You will stop earning rewards from that referred user once they reach $1B in trading volume. Rewards from your other referred users will continue as normal.
Can I withdraw my referral rewards?Yes. Referral rewards cannot be claimed manually, but pending commissions are settled automatically during the next settlement cycle and credited directly to your Perp account. Once the rewards are credited, you can withdraw them from your Perp account at any time.
Reading your referral state programmatically
Query your referral code, your referrer, and accrued rewards with the referral request on the Info API.