Leaderboard 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 performers in three weekly leaderboards*, with higher rankings claiming the most points.

Note: Points are currently awarded through the end of Phase 1 of our Points Program (September 29th, 2025).

Weekly Leaderboards

Rails features three weekly leaderboards which rank users on Total P&L, P&L Growth and Trading Activity. These leaderboards are visible within the Rails platform in your Leaderboard tab. Users can select to view the current week, previous week or lifetime (All) results:

Leaderboard Types

1. Total P&L ($P&L): Ranks users based on their total absolute P&L within the week (i.e. total realized P&L, including funding payments but not including fees).

$$Total \ P\&L =Absolute\ P\&L\ During\ Period + Total \ Funding \ Payments \ During \ Period$$

1. P&L Growth (%P&L): Ranks users by their realized P&L growth within the week. Deposits made during the competition period are incorporated to fairly account for risk exposure based on the actual capital at risk over time.

$$P\&L \ Growth= \Bigg ({Absolute\ P\&L\ During\ Period \over max(500,Starting\ Balance + Time \ Weighted \ Deposits} \Bigg )$$

Where:

• $\text{Time Weighted Deposits} = \sum \left( \text{deposit amount}_i \times \max\!\left( \tfrac{3}{7}, \tfrac{\text{minutes remaining}_i}{\text{total competition minutes}} \right) \right)$

• $i$ represents each individual deposit made during the competition period

Note: We have set minimum thresholds of $500 for starting balance and $\tfrac{3}{7}$for time weighted deposits to promote a fair competition environment. Any deposits made after Friday 12:00 AM UTC will be counted the same as if they were deposited exactly at Friday 12:00 AM UTC.

1. Trading Activity Score (Vol Activity): 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.

$${Trading \ Activity \ Score} = {Total \ Trading \ Volume} \times ({Total \ Trade \ Count})^{0.05}$$

Competitions run weekly from Monday 12AM UTC to the following Monday 12AM UTC. Points are distributed and all weekly leaderboards are 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 users ranked on each leaderboard (100,000 points allocated to each), with higher rankings receiving more points. Users can rank on more than one leaderboard, earning even more rewards.

Sept 8th

Points are distributed to the top 30 according to the following distribution formula:

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

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 (30 in this case).

• $r$ is the rank of the user.

• $L$ is the total point pool for each leaderboard (100,000 points).

Sept 15th Onwards

Points are distributed to the top 100 on each leaderboard according to the following distribution formula:

$$P(r) = m + R \cdot \frac{(1 - p)}{(1 - p^{N})} \, p^{\,r-1}.$$

Where:

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

• $m$ is the minimum number of points awarded (250 in this case).

• $N$ is the total number of users (100 in this case).

• $L$ is the total point pool for each leaderboard (100,000 points).

• $R$ is the remaining points above the minimum, calculated as $L-mN$.

• $p$ is a constant between 0 and 1 that defines the distribution (0.98 in this case).

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

The same distribution applies to all three leaderboards, totalling 300,000 points distributed weekly.

Rank	Points Allocation: Sept 8th	Points Allocation: Sept 15th Onwards
1	20,042	14,300
2	16,019	12,163
3	12,815	10,346
4	10,252	8,801
5	8,202	7,489
6	6,561	6,373
7	5,249	5,424
8	4,199	4,618
9	3,359	3,933
10	2,687	3,351
11	2,150	2,855
12	1,720	2,435
13	1,376	2,077
14	1,100	1,773
15	880	1,514
16	704	1,295
17	563	1,108
18	450	949
19	360	814
20	288	700
21	230	602
22	184	519
23	147	449
24	118	389
25	94	338
26	75	295
27	60	258
28	48	227
29	38	201
30	30	178
...	0	...
...	0	...
97	0	50
98	0	50
99	0	50
100	0	50
Total	100,000	100,000