# API Broker Program

## API Broker Program

API Brokers on Backpack are eligible to earn broker rebates by offering their users access to Backpack's trading infrastructure and unique features across spot and futures markets.

### Who Can Join

Qualified trading platforms and order execution service providers including, but not limited to:

* Exchange Aggregators
* Trading Terminals
* Trading Bots
* Algorithmic Trading Platforms
* Social Trading Platforms
* Asset Managers

{% hint style="info" %}
To be eligible for this program please, reach out to us at **<vip@backpack.exchange>**
{% endhint %}

### How to Integrate

1. Open up a business account at Backpack Exchange.
2. Check **API Docs** and set up connections to the endpoints relevant to your service.
3. Send your unique broker code as the API request header.

### API Broker vs. Affiliate

API brokers receive rebates on the trading fees generated by orders submitted via API by them. Affiliates receive rebates on the trading fees generated by new users onboarded with their referral code.

Please note that the API Broker Program and the Backpack [Affiliate Program ](https://support.backpack.exchange/exchange/programs/affiliate-program)are mutually exclusive. Enrollment in one program will preclude enrollment in the other.

### API Broker Rebates

#### Backpack API Broker Rebates

| Tier  | Volume       | Rebate |
| ----- | ------------ | ------ |
| BKR 0 | $0           | 20%    |
| BKR 1 | $5,000,000   | 30%    |
| BKR 2 | $10,000,000  | 35%    |
| BKR 3 | $20,000,000  | 40%    |
| BKR 4 | $60,000,000  | 45%    |
| BKR 5 | $100,000,000 | 50%    |

BKR tiers take into account both spot and futures trading volume from orders submitted via API.

#### Tier calculation and payout

On the first day of every month, broker tiers are updated and payouts calculated. The formula is:

**Payout = API Volume × Fee Rate % × min {Broker Rebate %, max{0, 50% - Affiliate Rebate %}}**

Where:

* Fee Rate is determined by each user's [**trading fees**](https://support.backpack.exchange/exchange/trading/trading-fees) and applicable discounts.
* Broker Rebate is determined by the API broker's BKR tier.
* Affiliate Rebate is determined by the referral code (if any) used by each user to sign up.
* API Volume is the spot and futures trading volume from orders submitted via API with the unique broker code of each API Broker as the API request header.

Rebates will be settled in USD and credited to the broker's Backpack account every month.

> Backpack reserves the right, at its sole discretion, to suspend or terminate any participant’s access to the program, including but not limited to cases involving fraudulent activity, violations of the User Agreement, non-compliance with applicable laws or regulations, or any conduct deemed harmful to the platform or its users.

### Get in touch

We are always ready to discuss your business needs and provide 24/7 integration support.

Reach out to: [**vip@backpack.exchange**](mailto:vip@backpack.exchange)