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The VIP program combines lower trading fees, maker rebates, and XP rewards. Fee tiers are based on rolling 30-day notional volume. XP rewards are allocated through the rewards system described in Points Program.

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Fee Tiers

Volume is calculated across perpetual markets. Negative maker fees are rebates paid on execution.

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Market Share Rebates

High-share makers can earn additional maker rebates per market. Market share rebates stack with volume-based maker fees.

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XP Rewards

XP does not use a simple notional / 1000 * multiplier formula. Ekiden currently uses the backend rewards_xp_mvp_v1 model:
  • A weekly XP pool is allocated pro rata.
  • Trading power score is based on eligible volume, ROI, and drawdown factor.
  • Referral bonuses add power score from up to three referral levels.
  • Ledger entries record the allocation reason and balance impact.
XP is visible through rewards and leaderboard APIs once enabled for the user/account:
  • GET /api/v1/user/rewards
  • GET /api/v1/user/referral
  • GET /api/v1/user/leaderboard
  • GET /api/v1/user/leaderboard/placement

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Eligibility

VIP benefits and XP rewards may exclude activity that is not economically meaningful or violates program rules, including wash trading, self-referral, circular referral activity, multi-account farming, or attempts to exploit campaign windows.

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Distribution

Fee benefits apply through the trading fee schedule. XP allocations are recorded in the points ledger and surfaced through account rewards and leaderboard responses. Campaign-specific grants or adjustments should also be recorded through auditable ledger reasons.