Perpetuals USDC Boosted Rewards

Through Perpetuals USDC Boosted Rewards, eligible USDC balances in your Perpetuals Portfolio can earn up to 12% APY when qualifying perpetual futures positions are open. 

Note: There are no additional fees for the program. Normal trading fees apply.

Earn boosted rewards

  • Fund your Perpetuals Portfolio with USDC (a balance of at least 1 USDC is required to qualify).

  • Open perpetual futures positions.

  • Rewards accrue daily and are paid out weekly as USDC in your Perpetuals Portfolio.

Calculating your payout

  • Your “open positions” represent the total notional position size of all of your perpetual futures positions, measured by hourly snapshots. Long and short positions both count toward “open positions”.

  • USDC balance is also calculated by hourly snapshots.

  • The eligible balance for the boosted APY is the USDC balance in your Perpetuals Portfolio up to the USDC cap for your current OI tier. Any USDC within that cap earns the boosted rate, while any amount above the cap earns only the base rate of 3.35% APY.

  • Your tier (as shown in the Boosted USDC rewards card in your Perpetuals Portfolio) determines the USDC boosted reward rate. That rate is applied to the USDC balance in your Perpetuals Portfolio to calculate your rewards.

    • Note: Any USDC balance in your Perpetuals Portfolio above the tier cap still earns the base rate (3.35% APY).

  • We deposit your accrued USDC rewards into your Perpetuals Portfolio weekly.

To see your boosted APY and rewards: 

  1. From the Coinbase homepage, toggle on Coinbase Advanced in the navigation bar.

  2. Select Portfolio. Navigate to the Perpetuals Portfolio. 

  3. In the Portfolio page, select Boosted USDC Rewards. This will display more details about your rate and rewards.

    • Note: If you don’t see the Boosted USDC Rewards card, you may not qualify at this time.

Rewards are credited to the USDC balance in the INTX Perpetuals portfolio. You will see the balance as USDC in your Perpetuals account balance and in the Transactions view for that portfolio.

Rewards caps

  • Boosted rates are paid on USDC balances in the Perpetuals Portfolio up to the cap for the qualifying tier. 

  • Balances above the cap earn the base rate of 3.35% APY.

For example: If you qualify for a boosted APY of 5.25% and the cap is 50,000 USDC and the USDC balance in your Perpetuals Portfolio is 100,000 USDC, then on 50,000 USDC you earn 5.25% APY, and for the remaining 50,000 USDC you earn 3.35% APY. 

Your effective APY for 100,000 USDC is 4.3%.