2️⃣Z-Score Season 2

For Season 2, we're spicing things up.

How To Earn Z-Score In Season 2

Just like in Season 1, the more volume you trade, the more your Z-Score goes up. However in Season 2 both Maker & Taker volume counts towards your Z-Score!

Order Type	$ Volume	Z-Score
Maker	5	1
Taker	1	1

Note that for Maker Z-Score, any professional market makers on the platform are excluded.

New season, same PnL multiplier

Just like in Season 1, traders who sit at the top of the leaderboard based on $ PnL will receive a score multiplier on volume traded within the last 24 hrs. The higher your rank, the larger the multiplier.

Only those ranked within the top 100 on the $ PnL leaderboard are eligible for a score multiplier. The multiplier values range from 1.01 to 2.00, increasing by increments of 0.01 for each place that traders move up the leaderboard from 100th to 1st, as seen below.

$ PnL Rank	Multiplier
1	2.00
2	1.99
3	1.98
...	...
98	1.03
99	1.02
100	1.01

Example

In the example below, there are two traders who have traded $15K and $25K, respectively, in the last 24 hrs. While Trader B traded almost double the volume of Trader A, Trader B is much further down the leaderboard based on their $ PnL.

Consequently, when taking score multipliers into account for $ PnL performance, Trader A actually has the higher incremental Z-Score for that day.

Trader	24hr Vol	Base Z-Score	$ PnL Rank	Multiplier	Adj. Z-Score
Trader A	$15,000	15,000	1	2.00	30,000
Trader B	$25,000	25,000	98	1.03	25,750

A note on wash trading

Don't try and game the system. If caught wash trading, your Z-Score will be set to 0.