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Key dates and eligibility

Two rules catch people every season. First, registering is a separate step: Binance lists clicking Join Now as part of how to participate, so do it before your first trade rather than assuming trades count automatically. Second, the $500 threshold is cumulative buy plus sell volume, so buying $250 of NEAR and selling it again already gets you there.

How the 400 BNB is split

The pool has three parts: a Main Reward of 320 BNB, a Sprint Reward of 40 BNB across two rounds, and a New User Reward of 40 BNB. The Main Reward is ranked by cumulative volume over the full week:

The proportional pool is where most retail traders end up. Binance's formula is your volume divided by the total volume of all eligible participants ranked below 1,000th, multiplied by the 80 BNB pool, and no one in that group can receive more than 0.05 BNB. Reaching the top 1,000 means out-trading everyone else in two pairs for a week, so for most readers the realistic target is the proportional pool.

Sprint Reward. Two short leaderboards pay extra to the top five by volume in each window: Round 1 from 14 October 10:00 UTC to 16 October 10:00 UTC, and Round 2 from 16 October 10:01 UTC to 18 October 10:00 UTC. Each round pays 6, 5, 4, 3 and 2 BNB to places one to five.

New User Reward. Users who register on Binance and complete identity verification during the promotion period, then reach $500 of volume in the eligible pairs, share 40 BNB equally, capped at 0.02 BNB each (about $14.78 at today's price). Binance states that the Main, Sprint and New User pools can be earned at the same time, so a brand-new account that qualifies can collect from both the proportional pool and the new-user pool.

What disqualifies volume

Binance's rules list several things that do not count:

• Zero-fee pairs. Volume on any pair with zero trading fees is excluded. Check the fee shown on the order screen before you trade.
• Fees and gas. Transaction or gas fees are not added to your volume.
• The wrong pairs. Only NEAR/USDC and OPEN/USDT count; NEAR/USDT or OPEN/USDC do not.
• Account type. Joining while VIP 6 or below keeps you eligible even if your VIP level rises during the week, but liquidity-provider and broker accounts are excluded.

The leaderboards update at least once every 24 hours, and only accounts above the $500 threshold appear on them. If your volume does not show the next day, check that you registered and used the right pairs.

What qualifying really costs

The fee cost is the easy part. Binance's regular spot fee is 0.10% maker and taker, and paying fees in BNB gives a 25% discount, to 0.075%. On the minimum $500 of volume:

The real cost is price movement and the spread. At 12:49 UTC on 14 October, NEAR/USDC traded at $5.01, down 1.78% in 24 hours, with about $78.8 million of 24-hour volume. OPEN/USDT traded at $0.1011, down 0.98%, with only about $1.02 million of volume. That gap matters: on a thin pair like OPEN/USDT, a market order of a few thousand dollars can move the price against you more than the fee, and holding the coin for even an hour can cost more than the proportional pool pays. For most people, NEAR/USDC is the cheaper way to reach $500.

A simple way to frame it: the most a typical participant outside the top 1,000 can receive is 0.05 BNB, about $37, plus 0.02 BNB if you are new. Anything you lose to slippage or a price drop above that is a net loss, so trade the minimum unless you already wanted exposure to NEAR or OPEN.

A five-step plan

1. Log in and verify. Only verified accounts can take part; new users must register and finish verification during the promotion period to get the new-user pool. 2. Click Join Now on the Season 5 page before your first trade. 3. Fund with USDC if you plan to trade NEAR/USDC, or USDT for OPEN/USDT, so you do not pay an extra conversion. 4. Trade the minimum with limit orders. Buy about $250 of NEAR with a limit order near the best price, then sell it the same way. That is $500 of volume for roughly $0.50 in fees. 5. Check the leaderboard the next day, then claim your voucher under Profile > Rewards Hub after distribution, which Binance says will be completed by 4 November. Vouchers expire 21 days after they arrive.

If you want the previous round for comparison, our breakdown of Season 4 used the same 400 BNB structure on different pairs. Live exchange campaigns we track, including this one, are listed on our activities page.

How to act on this

Tournaments reward volume, and fees are the part of volume you can control. If you do not have a Binance account yet, opening it from our Binance profile with referral code 11350287 returns up to 25% of your trading fees on top of whatever the tournament pays: trading 10,000 USDT at the 0.10% spot rate costs 10 USDT in fees, of which up to 2.50 USDT comes back. Other live campaigns, with their own rules and deadlines, are on the activities page.

Quick answers

When does Binance Spot Trading Tournament Season 5 end? On 21 October 2026 at 10:00 UTC, which is 18:00 in Singapore.

Which pairs count? NEAR/USDC and OPEN/USDT on Binance Spot only.

What is the minimum to qualify? $500 of cumulative buy and sell volume in those pairs after you click Join Now.

How much can a small trader win? Outside the top 1,000, your share of the 80 BNB proportional pool is capped at 0.05 BNB, about $37 at $739 per BNB; new users can add up to 0.02 BNB.

When are rewards paid? BNB token vouchers are distributed by 4 November 2026 and must be claimed within 21 days under Profile > Rewards Hub.

Can users in Europe join? No. Binance says the campaign is not available to users in the EEA, and availability elsewhere depends on your region.