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Arcus
Two numbers work for every trader on Arcus: the fees you pay, and the fees you earn.
Your Network, Your Fee Share
Share your link. Every trader you bring pays fees - and you earn a share of them, for as long as they keep trading. The referral tiers are three levels deep:
Level | Share of net trading fees |
|---|---|
Level 1: traders you refer | 10% (15% at the top fee tiers) |
Level 2: traders they refer | 3% |
Level 3: traders those traders refer | 2% |
Refer Jane, earn on Jane. Jane refers Bob, you earn on Bob. Bob refers Carol, Carol too. The network compounds whether you're online or not.
Getting Your Code
On app.arcus.xyz, go to the Rewards tab → Click on “Referrals”, then hit Create Ref Code. Codes are 1 to 32 characters. One code per trader, no renames, and codes are first come, first served. The good ones will go fast.

Joining Under a Code
Two ways in:
Click someone's referral link and you'll be signed up under their code automatically, or;
If you already have an account, go to Rewards → Referrals, enter the code of your referrer, then hit Enter Referral Code.

One thing: you can only add a referral code early on. Once your trading volume passes a set threshold, that option closes for good. You can't add or remove your referrer after. So if you're going to use a code, do it before you start trading seriously.
Perps Fee Tiers: Your Own Fees, Falling
Perpetuals fee tiers are separate from referrals and apply to every trader. Trade more, pay less: it happens automatically as your perps rolling volume passes each threshold, whether or not you ever refer anyone.
Tier | Volume ≥ | Maker | Taker | Level 1 commission |
|---|---|---|---|---|
Base | $0 | 0.015% | 0.045% | 10% |
Bronze | $5M | 0.012% | 0.038% | 10% |
Silver | $20M | 0.008% | 0.032% | 10% |
Gold | $100M | 0.004% | 0.027% | 10% |
Platinum | $400M | 0.000% | 0.023% | 10% |
VIP | $1B | −0.002% (rebate) | 0.020% | 15% |
Max | $3B | −0.003% (rebate) | 0.019% | 15% |
The live schedule is always shown in-app:

Two details traders will care about:
At VIP and Max, the maker fee goes negative: a resting order that fills pays you.
The two programs touch at exactly one point: your fee tier sets your Level 1 referral commission rate (10% vs 15%), so the biggest traders earn the biggest referral cut.
Getting Paid
No epochs, no payout calendar. Your referral balance accrues as your network trades, and you claim whenever you like. Claimed rewards credit straight to your Arcus trading account. There's a small minimum balance before a claim goes through, which keeps payouts efficient.

Everything is tracked live on the Rewards dashboard: referred traders by level, their volume, and what you've earned.
One Rule
Referrals are permissionless. Any eligible address can refer any other eligible address. But Arcus reserves the right to adjust referral rewards on obvious self-referral, clustering schemes and/or any other prohibited activities. Build a real network; it pays better anyway.
Your referral code is waiting. First come, first served.
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Arcus is a blockchain-based smart contract protocol that permits self-custodial peer-to-peer trading of Stock Tokens, cryptoassets and perpetual futures. Arcus is not a regulated financial services provider, and it is not available in the U.S., Canada, United Kingdom and other restricted jurisdictions.
Stock Tokens are tokenized securities issued by Robinhood Assets (Jersey) Limited under its Tokenised Products Programme. They are created and redeemed by the Issuer, with subscriptions, redemptions and/or distributions facilitated by Bitstamp Global Ltd as an Authorised Participant where specified. Stock Tokens provide economic exposure to a relevant underlying equity instrument or ETP through a contractual claim against the Issuer for a cash Redemption Amount linked to that underlying, but they do not confer ownership of the underlying or shareholder rights, including voting rights, direct dividend rights, or rights in the insolvency or administration of the underlying issuer. Stock Tokens involve risks not present, or not present to the same extent, in traditional stock ownership, including private-key loss or compromise, limited redemption access, liquidity constraints, price or tracking divergences from the underlying, and uncertain or evolving regulatory treatment.
Trading Stock Tokens, cryptoassets or perpetual futures is risky and involves risks of loss, particularly when using leverage. DYOR. NFA.
What is Arcus?
Arcus is a decentralized exchange built in partnership with Robinhood on Robinhood Chain. Users from eligible jurisdictions get one self-custodied account to trade Stock Tokens (spot, zero fees, 24/7), and cross-margined perpetual futures across equities, crypto, commodities, and indices - 24/7, with up to 50x leverage.
When is Arcus Launching?
Arcus is live in Beta. Spot Beta is open now to all eligible users, no waitlist needed. Perps Beta opens July 1, 2026, starting with waitlisted users and rolling out by cohort, ahead of a full launch later in the year. Join the waitlist and we'll let you know when your cohort opens. Arcus isn't available in the United States, United Kingdom, Canada, or other restricted jurisdictions, as set out in the Terms of Use.
What's the connection to dYdX?
Arcus is the next chapter for the team that built dYdX. dYdX Chain continues to operate. Arcus introduces new asset classes - equities, indices, commodities - alongside crypto perps, on a chain purpose-built for the throughput these markets require.
How does the waitlist work?
Only perps are waitlisted; Spot Beta is open to all eligible users. To join the waitlist, visit waitlist.arcus.xyz, and connect your wallet and X account. Your position comes down to two things: your prior on-chain trading history (perps volume across venues like dYdX, Hyperliquid, and Lighter, with real-world-asset (RWA) volume as a bonus), and referrals of other validated traders. You can connect multiple wallets to aggregate your history and move up faster. The earlier you join, the earlier you trade.
Where can I learn more?
Read the Arcus blog, follow @arcus_xyz on X, and join our Telegram for live updates.
