How the competition works

How a week works

A competition runs Monday 00:00 to Monday 00:00, New York time.

Everyone starts with a $10,000 paper balance. Nothing carries over between weeks.

To enter, burn 1,000 TRADE. Entry stays open all week.

At the close, every open position is closed at market and the standings are frozen.

What you can trade

51 perpetual futures on Arcus: stocks, ETFs, commodities and crypto. These are perps, not shares. You can go short, and crypto trades around the clock.

Equity markets need about 50% more margin outside US trading hours, so max leverage drops overnight and at weekends. Crypto is unaffected.

Leverage and margin

The account is cross-margined: one pool of equity backs every position.

You set leverage per market, up to that market's maximum. Leverage is locked while you hold a position in that market.

An order is accepted if the margin of the resulting book fits inside your equity.

Liquidation

When your equity falls below the total maintenance margin of your positions, you are liquidated.

Liquidation closes the largest position first and stops once the account is solvent. A penalty of 0.50% of the closed notional is charged, plus the usual fee.

The terminal shows a liquidation price on each position and a margin health figure for the account. Health of 1.00× is the liquidation point.

Funding

Charged hourly, on the hour, at the rate Arcus publishes for each market.

Positive rate: longs pay shorts. Negative rate: shorts pay longs. The charge is position size × mark price × rate.

How you're ranked

By profit.

No minimum number of trades. Every entry is ranked and can be paid.

Prizes

80% of the ETH collected from TRADE trading fees during the week is the prize pot. At the close it buys spot equities on Robinhood Chain, distributed to the winners.

The pot is split across the top 10. If every trader finishes the week down, the smallest loss still wins.

With fewer than 10 traders, the shares are redistributed in proportion, in whole numbers totalling 100%.

The other 20%

Covers running costs (hosting, market data, infrastructure, development) and a reserve for possible TRADE buybacks.

Buybacks are not scheduled or promised. Nothing here is a promise of any return.

The TRADE token

Fixed supply of 1.00B.

Official contract:

Every buy and sell pays a 1.5% fee in ETH. The project's share buys the spot equities for the prize pot. Competition entries burn TRADE.

How fills work

Market data comes from Arcus on Robinhood Chain. The leaderboard contains only people who entered this competition.