Rewards are for limit orders that rest on the order book (maker orders). Market orders fill instantly and never rest, so they don’t qualify. Only markets that support limit orders can run rewards.
Which markets have rewards
Only a hand-picked set of markets are incentivized at any time, not every market. There are two easy ways to spot them:- Open the Rewards tab in the top navigation to see every incentivized market in one place.
- Look for the blue diamond on a market card. It marks a market that’s currently paying rewards.
How to earn
Three things have to be true for an open order to earn rewards:1
Place a limit order
Use a limit order (Buy or Sell), not a market order. Set your price and leave the order resting on the book. That’s what makes you a liquidity provider.
2
Price it near the midpoint
Your order has to sit within the market’s Max Spread of the current midpoint price. Quotes far away from the action don’t help liquidity, so they don’t earn. Orders closer to the midpoint generally earn more.
3
Meet the minimum size
Your order needs at least the market’s Min Shares of remaining, unfilled shares. An order that’s been mostly filled can drop below the minimum and stop earning. In the limit form, a quick-set button (e.g. 1000) fills in the minimum for you.
Rewards only pay out when both sides are quoted: at least one buy and at least one sell must independently meet the Min Shares minimum near the midpoint. For as long as one side has only undersized orders, no one earns on that market, not even the side that qualifies.
The exact numbers (pool size, max spread, and minimum shares) are set per market and shown in the tooltip. The values above are examples, not fixed platform settings.
How the pool is shared
The daily pool is split among everyone whose orders qualify, in proportion to how much good liquidity they provide. Put simply: the more you help (bigger orders, tighter to the midpoint, resting longer), the bigger your share. Your share is shown as a percentage on your profile. It’s the slice of that market’s pool your orders are earning right now, not a figure locked in for the day: it moves as other traders’ orders arrive, fill, and cancel.Rewards accrue by the second
Eligibility isn’t checked once a day, it’s tracked second by second. Every second your order meets the terms, you earn your slice of the pool for that second. Post an order at noon and it starts earning from that moment; cancel it an hour later and you keep exactly the hour it earned. The same works in reverse: any stretch where your order drifts outside the Max Spread, drops below Min Shares, or the other side of the book goes unquoted is simply time you don’t get paid for, and earning resumes the moment things qualify again.Payouts
Payouts run once a day, at the end of the day (UTC), straight to your wallet. There’s nothing to claim.There is a $1 minimum payout. If everything you accrued over the day comes to less than $1, it’s discarded rather than paid, and it does not roll over into the next day.
A quick example
Say a market has a $500 daily reward pool, a Max Spread of ±2¢, and a Min Shares of 1,000. The midpoint is sitting at 60¢, so to qualify, an order has to rest within 2¢ of the midpoint (between 58¢ and 62¢) and be at least 1,000 shares. Two people are providing liquidity on this market today. Both leave their orders resting for the full day, and both post at the same distance from the midpoint: a two-sided quote 4¢ apart, i.e. exactly 2¢ on each side of the 60¢ midpoint:- You post a limit buy for 2,000 shares at 58¢ and a limit sell for 2,000 shares at 62¢, for 4,000 qualifying shares.
- Bob posts a limit buy for 3,000 shares at 58¢ and a limit sell for 3,000 shares at 62¢, for 6,000 qualifying shares.
Your 4,000 shares are 40% of the 10,000 total, so you earn 40% of the $500 pool = $200; Bob’s larger order earns him the other $300.
We kept both quotes at the same distance, and both resting all day, to make the math clean. In practice, orders resting closer to the midpoint earn a bigger share for the same size, and an order that only rests for part of the day only earns for the seconds it was up.
Where to track your earnings
Your profile is your rewards dashboard:
- The Liquidity Rewards card shows your total earnings and how much you’ve earned today.
- The Rewards tab lists the open orders that are earning right now, with your share for each.
Good to know
- Rewards are separate from any profit or loss on the position itself. You can earn rewards on an order whether the outcome ends up Yes or No.
- Only the unfilled portion of an order counts toward the minimum size.
- If a market is removed from the rewards program, its diamond disappears and orders stop earning, but the orders themselves stay on the book as normal.
How eligibility is actually measured
A few details decide whether a resting order counts, beyond just being near the midpoint and above the minimum:- Both sides have to be covered. A market only distributes rewards when there’s a qualifying order on the buy side and the sell side at the same time. Say Min Shares is 20: if the best bid is only a 15-share order while the ask side has a healthy 50-share order, nobody earns for those seconds, not even the sell side, until a 20-share (or larger) buy shows up to balance the book. The two sides can even belong to the same account.
- Orders at the same price add up. Eligibility is checked per price level, combining all your orders resting at that exact price. Two separate 10-share buys at 60¢ count as a single 20-share order and clear a 20-share minimum, exactly as one 20-share order would.
- Each price level stands on its own. An order is never topped up by your orders at other prices. If you rest a qualifying 20-share buy at 60¢ (earning) and then add a 5-share buy at 59¢, that 5-share order is below the minimum at its own price, so it earns nothing, even though your 60¢ order keeps earning. It’s judged by the size resting at 59¢, not by your total across the book.
How Markets Work
New to limit orders and the order book? Start here.