Equity Perps Trail: AMC / HOOD. Trade Perps on Stocks & ETFs to Unlock Up to $500 in AMC or Robinhood Shares 

Trade perpetual markets on stocks and ETFs on Backpack to unlock reward levels and earn up to $500 in AMC or Robinhood shares. You choose which stock you want to be paid in when you opt in. 

Campaign period: September 8, 2026, 12:00 AM UTC to September 14, 2026, 11:59 PM UTC. 

How to Participate

• Choose AMC or Robinhood as your reward, then opt in on the Equity Perps Trail quest page. 
• Generate trading volume on eligible stock and ETF perpetual markets during the campaign period.
• Your opt-in applies across desktop and mobile.

How Rewards Work

Rewards are based on your highest level reached and are paid in the stock you selected at opt-in.

• Only volume from eligible stock and ETF perpetual markets counts toward Equity Perps Trail progress.
• API volume will be shown in the volume counter, but it will be excluded from the final rewards calculation.
• Participants who are ineligible to receive their selected shares due to jurisdictional restrictions or other eligibility requirements will automatically receive an equivalent USD cash reward.

Equity Perps Trail Reward Levels

Rewards will be distributed within 7 days after the campaign closes.

Terms and Conditions

• Opt-in via the campaign page is required to be eligible, and the reward stock must be selected at opt-in.
• The campaign runs from September 8, 2026, 12:00 AM UTC to September 14, 2026, 11:59 PM UTC.
• Eligible perpetual trading volume on stocks and ETFs generated during the campaign period will count toward rewards, subject to the exclusions outlined in these Terms and Conditions.
• Rewards are based on the highest level reached and are not cumulative.
• Rewards are paid in the stock the participant selected when opting in.
• Opting in on one device confirms participation on all devices.
• API volume will be shown in the volume counter but excluded from the final rewards calculation.
• Rewards are distributed within 7 days of campaign close.
• If a participant is ineligible to receive their selected shares due to jurisdictional restrictions or other eligibility requirements, the reward will be automatically substituted with an equivalent USD cash reward.
• Backpack reserves the right to disqualify any participant who engages in abusive, fraudulent, or manipulative activity.
• Backpack may amend, suspend, or cancel the campaign at any time. Backpack's decisions on reward eligibility, calculations, and campaign administration are final.