The Perps Open: Week 1. Trade Perps to Share $20,000 in Weekly Rewards

Trade perps on crypto, stocks and ETFs during Week 1 of The Perps Open to earn your share of $20,000 in weekly rewards. The Top 20 traders by volume share half of the prize pool, and all other eligible traders share the other half.

Campaign period: November 12, 2026, 12:00 AM UTC to November 18, 2026, 11:59 PM UTC.

How to Participate

• Open The Perps Open: Week 1 quest page and opt in. Only opted-in accounts are eligible for rewards. Opting in on any device (desktop or app) confirms your participation across all devices.
• Trade perpetual futures on crypto, stocks and ETFs to build eligible trading volume during Week 1. API trading volume is included.
• Keep an account balance of at least $100 at the end-of-week snapshot to qualify.

How Rewards Work

• The Top 20 traders by eligible trading volume share 50% of the $20,000 prize pool.
• All other eligible traders share the remaining 50% of the prize pool.
• Within each group, rewards are distributed proportionally based on eligible trading volume.
• Daily and weekly rewards are calculated separately, so you can qualify for both.
• Rewards below $1 are not distributed.
• Rewards are distributed within 2 days following the end of Week 1.

Terms and Conditions

• Opt-in via the quest page is required to be eligible for rewards. Opting in on any device (desktop or app) confirms participation across all devices.
• Week 1 runs from November 12, 2026, 12:00 AM UTC to November 18, 2026, 11:59 PM UTC.
• Eligible volume includes perpetual futures on crypto, stocks and ETFs traded during Week 1. API trading volume is included.
• The Top 20 traders by eligible trading volume share 50% of the $20,000 prize pool. All other eligible traders share the remaining 50%.
• Rewards within each group are distributed proportionally based on eligible trading volume.
• Participants must maintain an account balance of at least $100 at the end-of-week snapshot to qualify.
• Daily and weekly rewards are calculated separately. Participants can qualify for both.
• Rewards below $1 will not be distributed.
• Rewards will be distributed within 2 days following the end of Week 1.
• Backpack reserves the right to withhold rewards from or disqualify any participant who engages in abusive or manipulative activity, including wash trading, artificial volume, or multi-account abuse.