Padre Cashback Explained: How the Up-to-35% Rebate Works
Cashback is the main reason most people sign up for Padre Terminal through a referral link instead of going straight to the site. It is simple once you see how it works, but a few details trip people up, especially around when the link has to be used.
What cashback actually is
Every time one of your orders fills, you pay Padre a platform fee. Cashback hands part of that fee back to you. It is a refund on fees you already paid, not a discount at checkout and not a bonus on your profits.
Default rate vs referral rate
| How you signed up | Cashback on the platform fee |
|---|---|
| Directly, no referral link | Lower default rate |
| Through a referral link | Up to 35% |
The referral link normally has to be used when your account is first created. If you already have an account, it usually cannot be switched to a referral rate afterwards, so it pays to decide before you sign up.
You do not need to hold any token to get the higher rate, and there is no minimum trading volume.
What cashback does not cover
- Network fees (gas and priority fees) paid to the blockchain.
- Launchpad fees on tokens that have not migrated yet.
- Losses on trades that go against you.
Our fee breakdown explains each of these layers.
Where to see your cashback
Inside the terminal, open Rewards from the top menu. You will find separate sections for Cashback, Cashback Coins, Referrals and Lucky Spins. The Cashback section is where your rebate on trading fees shows up, along with an option to claim unclaimed rewards.
How much is it worth?
It depends entirely on how much you trade. With a platform fee of around 1%, a trader doing $10,000 of volume in a month pays roughly $100 in platform fees. At 35%, about $35 of that comes back. For occasional traders that is small; for active traders it adds up over a year.
Treat cashback like a cashback credit card: it lowers the cost of trading you were going to do anyway. It is not a reason to trade more, and it will never make a losing trade profitable.
Quick answers
Is the 35% guaranteed?
It is the maximum referral rate shown by the program at the time of writing. Rates are set by Padre and can change, so check Rewards for the rate on your account.
Can I add a referral code later?
Usually not. Referral links are typically attached when an account is created.
Do I have to claim it?
The Rewards page shows unclaimed rewards with a Claim button, so check it from time to time.
Get the referral cashback rate
Create your account through this link so the up-to-35% rate applies from your first trade.
Activate Cashback →