How you are scored
You are ranked on your Sharpe ratio, not your profit.
Info
- Account size does not matter. Returns are percentages, so $200 and $200,000 are measured on the same scale.
- Deposits and withdrawals do not count as performance. They are stripped out of every figure. Adding money mid-competition does not help you and taking it out does not hurt you. Only trading moves your score.
- Consistency beats one big win. A single enormous day raises your average and your volatility, and often lowers your Sharpe.
- Not trading is not a strategy. Sitting flat gives you no measurable volatility and therefore no Sharpe at all, so you drop below everyone who has one. There is also a minimum balance and a minimum volume, so parking money in the account and leaving it alone does not work either.
When your score appears
A Sharpe needs three days of returns, which is four daily balances, so the first Sharpe figures appear around 26 November. Before then nobody has one and the board orders on return instead. Each person crosses that line on their own history, not on a shared date: a late entrant waits three days from their own first day.
You are ranked from your first scored day. There is no waiting period and no probation. The Days column shows how much history your score rests on, so anyone reading the board can see the difference between a four-day score and a forty-day one.
The board updates about once an hour.
The Leaderboard
| Column | What it means |
|---|---|
| Sharpe | The default ordering, best first. Hover a dash to see why it is empty |
| PnL % | Your return from trading, with deposits and withdrawals removed |
| Volume | Notional of every order filled during the competition. Both sides count: opening a 100 USDC position and closing it is 200 |
| Equity | Your account value inside the competition window. It freezes when the competition ends |
| Days | How many days of returns your score rests on |
| Trades | Closed orders during the competition |
| Spot / Perp | Your current balance on each. A dash means you did not register that venue |
Leaderboard tabs
- Leaderboard: everyone who has qualified, ranked.
- Not yet qualified: everyone who has not, listed with the reason. You are still synced, still scored, and still in the data. Nobody is ever removed from the board; somebody who vanished could not tell that from never having registered.