How a referral fee share works at the fill level

A referral share depends on the fee being shared. Reading a percentage without its base can turn a small builder-fee allocation into a wildly inaccurate estimate. We would calculate the fee first, then apply the referral percentage to that fee and reconcile the result to eligible fills.

The public DXAP points page specifies a 20% referral share of DXAP builder fees and a separate 20% share of the referred trader's points. The fees reference gives the builder rate as 2.5 basis points, or 0.025%, on qualifying filled volume.

Work through an entry and exit

Consider an illustrative referred trader with a $4,000 filled opening and a $4,200 filled close, both carrying the DXAP builder code. The combined fee base is $8,200. Multiplying by 0.00025 gives $2.05 of DXAP builder fees. Applying 20% to $2.05 gives a $0.41 referral fee share.

The opening contributes $1.00 of builder fee and $0.20 of referral share. The close contributes $1.05 and $0.21. Their sums match the combined calculation. Applying 20% directly to the $8,200 volume would yield $1,640, which uses the wrong base. Applying the builder rate to only the $200 difference between entry and exit would also use the wrong base: the program describes fees on fills, rather than position profit.

If the referred trader earns 10,000 eligible points in a separate illustrative points record, a 20% points share is 2,000 points. Keep that result in points. The arithmetic supplies no points-to-dollar conversion, and the source supplies no universal point rate per dollar for us to invent.

Reconcile before estimating a payout

A proposed referral worksheet should retain each fill's unique identifier, eligible volume and builder fee, then join the referral attribution under the program's rules. Summing the fee-share column produces an accrued estimate. A separate payout record establishes what was claimable and received. Duplicate fill ingestion should leave the sum unchanged.

One useful fixture has an opening split into two fills of $2,000 each. Each incurs $0.50 at the stated builder rate, giving the same $1.00 total as the single $4,000 opening. A duplicate of either fill should contribute zero additional volume or fee. The fixture also includes an unrelated venue fill without the DXAP builder code, which the fee reference excludes from the DXAP builder-fee base.

Venue fees and funding belong to the trader's economic result and remain separate from this builder-share calculation. Rounding and payout reconciliation can also matter when aggregating actual records, so retain the original precision until the statement specifies its display convention.

As inspected for this dated note, the public points page gives an August to November 2026 referral timeline. We would link the current terms when presenting eligibility or payout instructions. The worked example explains the mechanism; it creates neither a new eligibility period nor a guaranteed payout.