> ## Documentation Index
> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Referral Program

> Earn a share of Perps trading fees from traders you refer

Refer traders to Polymarket Perps and earn a share of the trading fees they pay.
Each account has one Perps referral code. Share your Perps link, and when a new
trader opens Perps through it, your code is applied to their account
automatically.

<Note>
  This is the first version of the Perps referral program. The mechanics,
  attribution rules, and program details are set for launch and may change as
  the program expands.
</Note>

## How It Works

Every Perps account has one referral code. Your referral code and your Perps
invite code are the same string, so the same link invites traders and credits you
for the referral.

```text theme={null}
https://polymarket.com/perps?c={code}
```

When someone opens Perps through your link, your code is applied to their account
automatically. You start earning on the trading fees they generate after they are
attributed to your code.

A referral code can be applied only once. An account keeps the first code it is
given and cannot switch to a different code later. You also cannot apply your own
code.

## Rewards

You earn **20% of the trading fees** paid by every Perps trader you refer. There
is no cap on how much a single referred trader can earn you.

| Detail        | Perps referral program                              |
| ------------- | --------------------------------------------------- |
| Reward        | 20% of trading fees paid by referred Perps traders  |
| Recipient     | The referrer                                        |
| Trader bonus  | No separate bonus is paid to the trader you invite  |
| Per-user cap  | No cap on how much one referred trader can earn you |
| Payout timing | Weekly                                              |

## Code Limits

A standard Perps referral code can be used by up to **15 people**. After 15
traders sign up through your code, anyone who opens your link sees a referral
expired state.

If you are running a larger campaign and need more than 15 uses, reach out to the
Polymarket team to discuss a higher limit.

## Payouts

Referral earnings are paid out weekly. You can see referral payouts in your
Perpetuals portfolio history.

## Find and Track Your Code

Your referral code is available from your profile and on Perps market pages, so
you can copy and share it while you trade.

The referrals dashboard shows how the program is performing for your account:

* Sign-ups against your code limit
* Total trading volume from referred traders
* Total referral earnings
* Per-referral details, including the trader, sign-up time, and earnings

## Perps vs. Prediction Market Referrals

The Perps referral program is separate from the prediction market referral
program. They use different codes and track earnings independently.

Referring a Perps trader does not affect your prediction market referrals, and a
prediction market referral does not affect your Perps referrals. Each program
shows up in its own place.