# What Percentage will the Inviter Get from Referrals' Trades?

Your referral earnings are driven by trading volume, not normal deposits.

While an invitee's deposit does not generate rewards for the inviter, their activity in the **Perpetual Futures** market creates a continuous stream of commission income.

All commissions are paid out in **USDC**, which are real tokens that can be traded, swapped, or withdrawn normally.

Your rebate level is calculated based on a **14-day rolling cycle**. The system refreshes every day at 12:00 PM UTC. To generate a commission, your referred friend must execute at least one trade in Perpetual Futures within the current 14-day window.

Cwallet uses a transparent formula to calculate your exact token bonus for every leveraged position your referral opens:

**Token Bonus = (Initial Margin × Leverage) × 0.025% × Commission Tier %**

* **0.025%:** This represents the standard transaction fee collected by Cwallet.
* **Tier %:** This is your specific commission rate, which is determined by your current referral level.

For example, consider an inviter at **Tier 0** (which offers a **20%** commission rate), and the referral opens a Perpetual Futures position using **10,000 USDC** as margin with **50x leverage**.

Token Bonus = (10,000 × 50) × 0.025% × 20% = 25 USDC

<table><thead><tr><th width="148.4609375">Rebate Level</th><th width="424.5546875">14-Day Cumulative Trading Amount</th><th width="136.5546875">Rebate rate</th></tr></thead><tbody><tr><td>Tier 0</td><td>Perpetual Future Trading Amount &#x3C; $5,000,000</td><td>20%</td></tr><tr><td>Tier 1</td><td>Perpetual Future Trading Amount ≥ $5,000,000</td><td>30%</td></tr><tr><td>Tier 2</td><td>Perpetual Future Trading Amount ≥ $25,000,000</td><td>40%</td></tr><tr><td>Tier 3</td><td>Perpetual Future Trading Amount ≥ $100,000,000</td><td>50%</td></tr><tr><td>Tier 4</td><td>Perpetual Future Trading Amount ≥ $500,000,000</td><td>60%</td></tr><tr><td>Tier 5</td><td>Perpetual Future Trading Amount ≥ $2,000,000,000</td><td>70%</td></tr><tr><td>Tier 6</td><td>Perpetual Future Trading Amount ≥ $7,000,000,000</td><td>80%</td></tr></tbody></table>

**⚠️&#x20;**<mark style="color:green;">**Important Note:**</mark> The '14-Day Cumulative Trading Amount' is cumulative. This requirement represents the combined trading volume of all your referred friends within the 14-day window.