diff --git a/Cargo.lock b/Cargo.lock
index 0e66d41..86dace3 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -447,9 +447,9 @@ dependencies = [
 
 [[package]]
 name = "backon"
-version = "1.2.0"
+version = "1.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e4fa97bb310c33c811334143cf64c5bb2b7b3c06e453db6b095d7061eff8f113"
+checksum = "ba5289ec98f68f28dd809fd601059e6aa908bb8f6108620930828283d4ee23d7"
 dependencies = [
  "fastrand",
  "gloo-timers",
diff --git a/Cargo.toml b/Cargo.toml
index ad812f0..93a0f36 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -14,7 +14,7 @@ rpassword = "7.3.1"
 subxt = { version = "0.38.0", features = ["native", "reconnecting-rpc-client"] }
 subxt-signer = "0.38.0"
 backoff = { version = "0.4", default-features = false, features = ["tokio"] }
-backon = "1.2.0"
+backon = "1.3.0"
 tokio = { version = "1.41.1", features = [
     "rt",
     "macros",