Markets
Points programs
What Hyperliquid, Lighter, Extended, Variational and Pacifica publish about points, and what $1M of taker volume costs on each.
Points per venue
Cost per point is not what a point is worth. It is what the fees on $1M of taker volume cost, divided by the estimated points.
The proportional split is an assumption. No venue confirms that points follow volume; the estimate splits each weekly pool by volume share and assumes both sides of each trade earn points. Neither Extended nor Pacifica says on its points page whether maker or taker volume counts differently (checked Oct 2, 2026), so both count the same here.
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How we count
- Status, season, end date, scoring basis and weekly pool are read from each venue's official points page on the date shown, with the link under each status.
- Taker cost per $1M: the fee calculator with $1M of volume in one week, 0% maker, discounts off: trading fee plus half the spread on the common majors.
- Estimated points per $1M, only where a weekly pool is published: weekly pool × $1M ÷ (2 × the venue's 7-day volume). Every fill has two accounts, so all accounts together trade twice the one-sided volume this site collects; this assumes both sides of each trade earn points, maker and taker alike, since no official page gives separate maker and taker rules. The real formulas also weigh liquidity, referrals and other activity and are not public.
- The estimate appears only after 7 days of hourly volume for that venue are collected (160 of the last 168 hours). Until then the cell reads collecting with the days so far.
- Cost per point = taker cost per $1M ÷ estimated points per $1M. Value and net per $1M appear only when you enter a value per point above.