BackpackDiscount code
5% off trading fees
Backpack referral code: discount. Sign up with this code to get 5% off trading fees.
When signing up, enter discount in the referral code field to get a 5% discount. If you use our link, you'll see 'discount invited you' on the sign-up screen, which means the code is applied.
Affiliate link. We may earn a commission, at no extra cost to you.
At a glance
- What changed
- A $75,000 perps trading campaign: $2,500 shared every day for 14 days, a $20,000 Week 1 pool and a second weekly round still to be detailed.
- Who it affects
- Backpack users who opt in on The Perps Open quest page, trade perpetual futures on crypto, stocks or ETFs and keep at least $100 in their account at the snapshot.
- When
- From 12 November 2026 00:00 UTC to 25 November 2026 23:59 UTC; Week 1 ends 18 November 2026 23:59 UTC.
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What Backpack announced
Backpack opened The Perps Open on 12 November 2026. The campaign shares $75,000 among traders of perpetual futures, or perps, on crypto, stocks and ETFs. Backpack's post describes daily rewards plus two weekly rounds, with half of the money for the Top 20 traders and half for everyone else.
Backpack has published full terms for the daily pools and for Week 1. Together they cover $55,000 of the $75,000. The second weekly round is announced in the post but has no published dates or pool size yet, so this story does not assume them.
The daily pools
Every day for 14 days, from 12 November 00:00 UTC to 25 November 23:59 UTC, a new $2,500 pool is shared. Volume and rankings reset each day, so a trader who misses the Top 20 one day starts again from zero the next.
Week 1
Week 1 runs from 12 November 00:00 UTC to 18 November 23:59 UTC and has a $20,000 pool. It uses total eligible volume for the week, with the balance check at the end-of-week snapshot. Daily and weekly rewards are calculated separately, so the same trades can count for both.
How the money is split
In every pool, the Top 20 traders by eligible volume share 50% and all other eligible traders share the other 50%. Inside each group, rewards are split in proportion to volume, so a larger share of the volume earns a larger share of that half. Rewards below $1 are not paid, and payouts arrive within 2 days after each daily or weekly period ends.
Who qualifies
You must opt in on The Perps Open quest page; opting in once on desktop or in the app counts for all devices. Only perps volume on crypto, stocks and ETFs counts, and API trading volume is included. You also need an account balance of at least $100 at the daily snapshot, or at the end-of-week snapshot for Week 1.
Before you trade for rewards
Volume contests reward trading activity, not profit. Perps can be leveraged, and trading fees and losses can easily exceed a small proportional reward. Backpack says it can withhold rewards or disqualify accounts for wash trading, artificial volume or multiple accounts.
Dates to know
As announced by the provider. A listed date does not confirm current availability or eligibility.
- The Perps Open daily pools and Week 1 start (00:00 UTC)Date passed
- Week 1 ($20,000 pool) ends (23:59 UTC)Upcoming date
- Last daily pool ends (23:59 UTC)Upcoming date
BackpackDiscount code
5% off trading fees
Backpack referral code: discount. Sign up with this code to get 5% off trading fees.
When signing up, enter discount in the referral code field to get a 5% discount. If you use our link, you'll see 'discount invited you' on the sign-up screen, which means the code is applied.
Affiliate link. We may earn a commission, at no extra cost to you.
Conditions
Apply the code during account creation.
The code and partner link have no expiry. Campaign dates, benefits and eligibility are separate and may change. Check the provider’s current terms before signing up.
