Earning XP

XP is credited as you trade and hold positions. Trading XP appears in your account within about 30 seconds, while holding XP is credited every minute after a position becomes eligible.

Four ways to earn

Take liquidity

10 XP per $1 of taker fees paidEvery taker fill earns XP based on the fee you actually paid.

taker_xp = taker_fees_paid * 10

Make liquidity

5 XP per $1 of taker-equivalent feesMaker fills earn XP based on what a taker would have paid for the same trade. You still earn when your maker fee is zero or receives a rebate.

maker_xp = taker_equivalent_fees * 5

Hold a position

Up to 1 XP per $1,000 held for one hourPositions accrue XP every minute after they have been open for five minutes. The rate is adjusted by effective leverage.

Refer traders

15% / 10% / 5% of the XP earned by your networkReferral XP is paid three levels deep and added on top of the trader’s reward.

What that looks like

A trader takes a $5,000 position at a 0.1% taker fee, holds it for six hours at 3x effective leverage, then closes it.

Taker fee     $5,000 * 0.1%             = $5.00
Trading XP    $5.00 * 10                 = 50 XP

Risk factor   3x leverage / 10           = 0.3
Holding XP    5 units * 6 hours * 0.3    = 9 XP

Total                                      59 XP
L1 referral   59 * 15%                  = 8.85 XP
Displayed referral XP                     8 XP
Fraction carried forward                0.85 XP

The trader keeps all 59 XP. The referral reward is added on top.

Small amounts are never lost. XP is displayed as a whole number, but fractional XP is tracked precisely. Any remainder carries forward until it adds up.

How holding XP works

Holding XP rewards both position size and the risk carried. Two positions with the same notional can earn different amounts when they use different amounts of account equity.

effective_leverage = position_notional / account_equity
risk_factor = min(max(effective_leverage / 10, 0.1), 1)
holding_xp = (position_notional / 1,000) * hours_held * risk_factor

Rule	How it works
Scales with leverage	Holding XP increases with effective leverage and reaches the full rate at 10x and above.
Floor at low leverage	Lower-leverage positions still earn at one tenth of the full rate. The risk factor never falls below `0.1`.
Five-minute minimum	A position starts earning once it is five minutes old. The first five minutes are not credited retroactively.
Accrues every minute	XP is credited while the position is open; you do not need to close it first.
Adding resets nothing	Adding to a position keeps its age. Fully closing and reopening starts a new five-minute clock.

Referrals pay three levels deep

When a referred trader earns XP, referral rewards travel up their chain for three levels. If a trader you referred earns 100 XP:

Level	Recipient	Relationship	Reward
Earner	Your referral	Keeps every point earned	100 XP
L1	You	Referred the trader directly	+15 XP
L2	Your referrer	One level further up	+10 XP
L3	Their referrer	Final rewarded level	+5 XP

Nobody pays for referral XP. It is added on top. The trader keeps all the XP they earned, and no referral reward is deducted from another user’s balance.

Rule	How it works
Every source counts	Referral rewards apply to XP earned from trading, holding, and quests - not only fees.
Bind once	You can add one referrer after signing up. Once added, the referrer cannot be changed. Self-referrals are not allowed.
No cap	There is no limit on the number of traders you can refer or the amount of referral XP you can earn.

Multipliers

Some accounts receive an XP multiplier through the access code used to join or through a season conversion.

Rule	How it works
The highest multiplier wins	Multipliers do not stack. If an account has more than one, only the highest applies.
Applies to your own trading	The multiplier boosts XP earned from your own fills and positions.
Your referrers benefit too	Referral rewards are calculated after your multiplier is applied.

Quests

Quests award a fixed amount of XP for completing a specific target. A quest can require you to:

Reach a trading-volume threshold.
Place a set number of trades.
Bring in your first active referral.

Daily quests reset at midnight UTC. One-off quests can be completed once. Available quests and progress are shown on the quests page.

Good to know


When XP appears	Trading XP appears within about 30 seconds. Holding XP is credited every minute while an eligible position is open.
Fees are the basis	Trading XP is proportional to fees, not raw trading volume.
XP does not go down	Losing a trade does not reduce your XP balance.
Market makers are excluded	Designated market-maker and internal accounts do not earn XP.
One account, one chain	XP and referrals belong to the root account, not individual sub-accounts.

Your XP total, referral link, and quest progress are available on the rewards page.

Platform

Wallet

Four ways to earn

Take liquidity

Make liquidity

Hold a position

Refer traders

What that looks like

How holding XP works

Referrals pay three levels deep

Multipliers

Quests

Good to know

​Four ways to earn

Take liquidity

Make liquidity

Hold a position

Refer traders

​What that looks like

​How holding XP works

​Referrals pay three levels deep

​Multipliers

​Quests

​Good to know

Four ways to earn

What that looks like

How holding XP works

Referrals pay three levels deep

Multipliers

Quests

Good to know