Liquidity rewards

Earn rewards for placing resting limit orders that add liquidity. Every second, each resting order is scored — score = discount factor ^ (ticks from best price) × size — and each program's reward pool is split pro-rata by score. Programs with a max spread only pay a second when both sides of the book reach target size and each side's size-adjusted price is within that max spread of the midpoint. Choose a category, then narrow by subcategory; expand a program to see its markets.

Reward pool

The total amount paid out for a time period, shared across the program's markets — never summed per market.

Discount factor

How sharply orders away from the best price are penalized — at 0.30, each tick from the best price cuts an order's score to 30%.

Target size

The minimum contracts that must be resting on a side of the book for that side to qualify. Programs with a max spread need that on both sides in the same second.

Max spread

Where set, how far each side's size-adjusted price may sit from the midpoint for a second to pay. Shown in cents: 3.5¢ from mid is a 7¢ gap between the two sides. Programs without one show —.

Time period

The window in the event's lifecycle (early, day-of, live, daily) with its own reward pool.

Frequently asked questions

For full details, including the scoring formula, eligibility, and payout timing, see the Liquidity Incentive Program docs.