Fees
Backd charges a flat 1% of the stake on every order that fills. Polymarket collects it through the Builders Program and pays it to Backd. 70% of it is shared back with the people who back calls; the other 30% buys back and burns BACKD once the token launches.
What you pay
| Stake | Backd fee (1%) | Goes to the market | Of the fee, back to users |
|---|---|---|---|
| $5 | $0.05 | $4.95 | $0.04 |
| $10 | $0.10 | $9.90 | $0.07 |
| $50 | $0.50 | $49.50 | $0.35 |
| $100 | $1.00 | $99.00 | $0.70 |
| $500 | $5.00 | $495.00 | $3.50 |
Every fee, in one place
| Action | Backd fee | Where you see it |
|---|---|---|
| Back a call | 1% of the stake | In the call panel, before you confirm |
| Cash out early | 1% of the proceeds | In the cash-out confirm |
| Back a combo | 1% of the stake | On the slip, before you confirm |
| An order that doesn't fill | None | - |
| Claiming a win when a market settles | None | - |
| Deposits and withdrawals | None from Backd | Network costs on Polygon are covered |
| Following, crews, chat, challenges, alerts, Swipe, the API | None | - |
Not Backd fees
- Polymarket's own fees. Some markets, such as fast crypto rounds, carry a Polymarket fee. It's Polymarket's, taken on its side when an order fills.
- The price. You back at the live market price. That's the market, not a charge.
- Bridges. Moving money in from another chain uses a bridge, whose own costs are shown on its quote.
Where the fee goes
70% of every fee goes back to the people who back calls: your rank rebate on your own calls, referral shares for whoever brought you in, and a weekly XP pool for the rest. 30% buys back and burns BACKD once the token launches. Pick a stake, a rank and who invited you, and follow it to the cent.
Rank and referral shares on one call are capped at 70% of the fee together; past that each is scaled down by the same proportion. Whatever they leave of the 70% goes to the weekly XP pool, so exactly 70% always goes back. Shares accrue from your first call and are paid once payouts open.
The rewards are explained in full on rewards and burns. They accrue from your first call and are paid once payouts open; until payouts open and the token launches, the fee is Backd's.
When it's charged
On a filled order to back a call, taken from the stake. On a filled order to cash out early, taken from the proceeds. That's it. Orders that don't fill, claims when a market settles, deposits and withdrawals all cost nothing, and network costs on Polygon are covered.
What costs nothing
Everything else. Following, alerts, replies, crews, challenges, leaderboards, slips, Wrapped, the API. Backing someone else's call costs the same fee as any other call, because it is one.