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.

Phase 2 of our Rewards Program has begun! Read more here.

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 Volume: Rank users by their total trading volume during the competition period.

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.

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
1	14,300
2	12,163
3	10,346
4	8,801
5	7,489
6	6,373
7	5,424
8	4,618
9	3,933
10	3,351
11	2,855
12	2,435
13	2,077
14	1,773
15	1,514
16	1,295
17	1,108
18	949
19	814
20	700
21	602
22	519
23	449
24	389
25	338
26	295
27	258
28	227
29	201
30	178
...	...
...	...
97	50
98	50
99	50
100	50
Total	100,000