Etherealethereal.trade · perp DEX

Ethereal Referral Code & Program Terms — Verified

Ethereal pays referrers 10% on the trading of the people they bring in, paid in points (weekly). On the referee side: access only, no discount.

What is Ethereal?

Ethereal is a perpetuals exchange built on its own Ethereal chain, with additional paths through Arbitrum and Ethereum. It launched in 2025 and does not run its own token.

The venue lists 18 crypto perpetual markets on a flat fee schedule with no volume tiers, and routes a share of trading fees back to USDe holders through a weekly rewards pool. Its terms describe identity or documentation requests as a possibility.

Funding is sampled throughout each hour and settles once, at the start of the next hour, as a single averaged charge. The rate is measured against execution prices deep enough to fill a meaningful order, and is held inside a small dead zone plus a per-market cap so very small imbalances round down to no charge; if a payment fails to process in the first moments of the new hour, that hour's funding is dropped.

Get an Ethereal access code from a Mainnet Alpha user — each code only works for a limited number of claims.

Claim the code by signing it with your wallet; that signature is what links your account to the referrer.

No trading minimum is required to activate the code itself — it grants access to Mainnet Alpha.

Your referrer earns 10% of the points your activity generates, paid out weekly, while the code gives you access.