Invite friends
Your invite link, what a friend who joins through it pays, what you earn from their trading, and when you are paid.
Every signed-in member has an invite link. A friend who joins tandem through it pays half of tandem's fee, for life. You earn a share of the fee their live orders pay. There are no points, tiers or promo codes.
Find your link
Open the account menu at the top right and choose Invite friends, or open Settings and choose Invite friends. You see your link, with a Copy link button, how many friends joined through it, and what they saved. In Settings, Details opens the same window.
The link is tandem's address with ?ref= and your own eight-character code, for example app.tandem.trading/?ref=…. It is yours
alone, and it is made the first time you ask for it. Anyone who opens it has the code kept in their browser for 30 days, so
the sign-up that follows counts, whether they use an email or Google or X.
What a friend gets
A friend who joins through your link pays half of tandem's fee, 0.005% of volume instead of 0.01%, on every live order, for as long as they trade. It is decided once, at their sign-up: a link opened later, or a link for someone already signed up, changes nothing. A link never counts for its own owner. See Fees.
What you earn
You earn 20% of the fee your friends' live orders pay. The window shows the share in force. It is paid on live orders only, never on practice trades, and only for the friends who joined through your own link, not for friends of friends. On a $1,000 live order a friend pays $0.05, and you earn $0.01.
The Fees they saved figure is different. It shows what the half-price fee has been worth to your friends, practice trades included, so you can see what an invite offers.
Under it, Your earnings shows:
- You earned: the total confirmed so far, and how many friends' trading it comes from.
- Waiting for Hyperliquid's record: shares recorded from your friends' fills that are not confirmed yet. Hyperliquid publishes its record of the fees daily, so this usually takes a day.
- Waiting to be paid: confirmed earnings you have not been paid yet.
- Paid: what has been paid to you, with each payout by date.
- A table of your earnings by day, each line marked pending, earned or paid.
You see how many friends joined and what their trading earned you. You don't see who they are.
What earns nothing
A friend's fill earns nothing in these cases:
- Your own accounts. A friend whose account shares your wallet or your email address is treated as you, and earns you nothing.
- Wash trades. One of your wallets has a fill on the same coin, on the other side, within 60 seconds of the friend's fill, as tandem reads both accounts.
- Fees Hyperliquid's record doesn't confirm. A share counts only once Hyperliquid's daily record shows the fee.
When you are paid
Earnings build up from the first live order your friends place. Payouts are opened by tandem. Until they open, the window says Earned, paid out once payouts open. Once they are open:
- tandem pays a batch to the wallet you connected for live trading, when you are owed more than $10. Connect a wallet in Live trading so tandem can pay you.
- A payout is rounded down to the cent. The fraction of a cent left is added to your next payout.
If you delete your account
Your link stops working for new friends and earns nobody anything. The friends who already joined keep their half-price fee.
Earnings are not a promise
What you earn depends on whether your friends trade live. Nothing is guaranteed, and tandem decides when payouts open.