Competitions

Compete with other traders and climb the weekly leaderboards to earn rewards. A weekly allocation of the points pool is distributed among the top 20 performers in three weekly leaderboards, with higher rankings claiming the most points.

Weekly Leaderboards

Rails features three weekly leaderboards which rank users on Total PnL, Relative PnL and Trading Activity. These leaderboards are visible within the Rails platform under the “Leaderboard” tab. Results for the current and previous weeks are always displayed.

Leaderboard Types

1. Total PnL: Ranks users based on their total realized PnL within the week.

2. Relative PnL: Ranks users by their realized PnL growth within the week, which is calculated as follows.

$$Relative PnL = \Bigg ({Absolute\ PnL\ During\ Period \over max(500,Starting\ Balance + Deposits\ During\ Period)} \Bigg )$$

1. Trading Activity Score: Rank users by considering both their trading volume and number of trades. Instead of solely focusing on trading volume, we've introduced a weighting system that emphasizes the number of trades, encouraging more frequent trading activity.

$${Trading \ Activity \ Score} = {Total \ Trading \ Volume} \times ({Total \ Trade \ Count})^{0.8}$$

Weekly on Mondays at 12am UTC points are distributed and both leaderboards reset, providing a fresh opportunity for users to showcase their trading success.

Weekly Rewards

Each week, the most successful traders on each leaderboard are rewarded with points based on their performance. A weekly pool of 300,000 points is distributed evenly across the top 20 users ranked on each leaderboard (100,000 points allocated to each), with higher rankings receiving more points. Users can rank in the top 20 on more than one leaderboard, earning even more rewards.

Points are distributed according to the following distribution formula:

$$P(r) = \Bigg ({(1-p) \over (1 - p^n)} \Bigg ) \cdotp p^{(r-1)} \cdotp (L*0.5)$$

Where:

• $P(r)$ is the points awarded to the user at rank $r$.

• $p$ is a constant between 0 and 1 that defines the distribution (0.8 in this case).

• $n$ is the total number of users (20 in this case).

• $r$ is the rank of the user.

• $L$ is the total point pool (300,000 points).

This approach ensures that the top-ranked users receive a significantly larger share of the points, while still distributing points to all top 20 users on each leaderboard as follows*:

Rank	$PnL Points	%PnL Points	Trading Activity Points
1	40,474	40,474	40,474
2	32,373	32,373	32,373
3	25,898	25,898	25,898
4	20,718	20,718	20,718
5	16,575	16,575	16,575
6	13,260	13,260	13,260
7	10,608	10,608	10,608
8	8,486	8,486	8,486
9	6,789	6,789	6,789
10	5,431	5,431	5,431
11	4,345	4,345	4,345
12	3,476	3,476	3,476
13	2,780	2,780	2,780
14	2,224	2,224	2,224
15	1,779	1,779	1,779
16	1,423	1,423	1,423
17	1,139	1,139	1,139
18	911	911	911
19	728	728	728
20	583	583	583

*Note: this assumes there are 20 users who qualify. If there are less than 20 traders on the leaderboard with more than $0 in their P&L or trading activity, the point distribution may vary.