The only one of the four that needs no application — hit the volume and you tier automatically. But its unit of account is not notional; it is a weighted volume, and the same money can differ several-fold across categories and prices. Here is the whole thing, and what it is actually worth.
Two counter-intuitive properties. ① Cheaper entries count for more.
(1 − entry price) is 0.90 at a price of 0.10 and 0.10 at a price of 0.90 —
a ninefold difference. The same $100 generates nine times the weighted volume at the low end.
② Posting counts for nothing. However much of your resting size gets filled, none of it enters. This tier rewards the people taking liquidity — which is to say, the people paying fees.
| Category | Weight | Meaning |
|---|---|---|
| Crypto | 2.3 | the same money counts 2.3× |
| Econ · Culture · Weather | 1.7 | |
| Politics · Finance · Tech | 1.3 | |
| Sports | 1.0 | baseline |
| Geopolitics | 0 | excluded entirely |
Note the last row: a zero-weight category never tiers you up. You still pay the taker fee there and receive no ladder rebate against it.
| Tier | 30-day wV | Rebate | Promotion bonus | Effective uplift |
|---|---|---|---|---|
| Bronze | $2k | 3% | +$10 | 0.05pp |
| Silver | $20k | 8% | +$50 | 0.14pp |
| Gold | $200k | 18% | +$250 | 0.32pp |
| Platinum | $1M | 32% | +$1.5k | 0.56pp |
| Diamond | $4M | 44% | +$7.5k | — |
| Obsidian | $10M | 50% | +$25k | — |
It returns a percentage of the fees you paid, not of your notional — the column most often misread.
Paid at 00:00Z daily, straight to balance, $1 minimum. The final column is
tier rate × 1.75pp — the magnitude that actually matters.
The threshold is rolling weighted volume, so invert the formula. A worked example you can recompute:
| Stake per trade | 30-day wV | Reaches |
|---|---|---|
| $5 | ≈ $45k | Silver |
| $22.4 | ≈ $200k | exactly Gold |
| $24 | ≈ $215k | Gold, about 7% headroom |
| $112 | ≈ $1M | Platinum |
On headroom7% is very little — downtime, skipped trades, or a few quiet days eat it, and the tier drops back. The threshold is a rolling window, not a permanent achievement.
Gold to Platinum moves the threshold from $200k to $1M — roughly 5× the stake. The rebate rate rises from 18% to 32%, so effective uplift goes 0.32pp → 0.56pp: about 0.24pp gained.
The price is that larger orders walk further down the book. I measured that cost: scaling stake about 5× on thin books adds 0.45–1.5pp of slippage — two to six times what the tier gives back.
Platinum lost money in every configuration I tested. General rule: the thinner the book and the more concentrated your orders, the less you should chase tiers, because that is exactly where scaling costs most.
This tier looks like the most reliable money on the venue: no application, automatic, daily, $1 minimum. I built a line whose path to profitability leaned heavily on it.
Actual result: rebates received $0. All three ledger entries say "zero rows landed" — not an amount of zero, but no payment record at all.
A working note speculated that rolling volume had not cleared the lowest tier, but it was written mid-run and never re-checked at close, and it sits awkwardly against the table above: Bronze needs only $2,000 of 30-day wV, pays daily, $1 minimum.
I did not verify it, so I report the $0 and offer no reason. Where the ledger recorded no cause, this site writes "no cause recorded" rather than supplying a plausible one.
Practical takeawayif your plan contains "rebates make it positive", spend two days making the rebate column work first — small orders, watch whether anything lands, when, and how much — before touching the strategy. I did it the other way round, at a cost of $496.51.
Best case: Gold gives 0.32pp of uplift; adding referral at roughly 10% brings the pair to 0.17–0.18pp combined (they overlap — see the four rebates). The fee line is 1.75pp.
It makes a positive strategy better and cannot rescue a negative one. If your shortfall is a full percentage point or more, this does not close it — not by an order of magnitude.
The ladder returns part of the fees you paid, not part of your turnover. Even the top tier only compresses cost from about 1.75pp to about 1.5pp. So it is worth collecting and not worth sizing up for — the slippage from chasing a tier usually exceeds what the tier pays.
tier rate × 1.75pp: 3%→0.05 · 8%→0.14 · 18%→0.32 · 32%→0.56. Verify by hand.