Fee tiers follow your 30-day trading volume and are recalculated every hour, according to the fees page on backpack.exchange. Your effective tier is the highest one reached through any of the three routes that page names.
- Trading volume
- 30-day volume. Tier 2 starts at $100,000 on spot or $500,000 on perpetual futures.
- BP stake
- The amount of BP, the Backpack token, that you have staked: 350 BP for Tier 2, 500,000 BP for VIP 5.
- Pre-TGE Mad Lad NFT holding
- Mad Lads is an NFT collection on Solana, and TGE is the BP token generation event. The tier this route gives is not stated.
The support article also lists an assets-held threshold for the VIP tiers it shows: $250,000 for VIP 1 and $5,000,000 for VIP 5. The USDT/USDC pair has a 0% fee.
Each tier has a spot volume threshold and a futures volume threshold. The source does not say whether volume in one market counts toward your tier in the other.
Buying or staking BP only to reach a lower tier exposes you to the price of BP, which can fall.