Trader’s Arena starts with a big prize pool

Since October 18th at 8:00 am it’s that time again: The Phemex Trader’s Arena has opened its doors and lures traders from all over the world to fight for a fat prize pool.

In this fifth edition of the Phemex Trader’s Arena, traders can compete against each other for the $750,000 prize pool. In the end, prizes are distributed to both teams and individual traders. As with the last contest, all USD margin contracts and all inverse BTC-USD contracts are counted. The structure of the competition and the prize pool also remain unchanged.

Profit Booster through Copy Trading

The special? This time, traders can take advantage of the newly introduced copy trading feature and enhance their trading experience. Team Captains who excel at this are encouraged to apply as Top Traders. Your teammates can then simply copy their actions with one click. In this way, the individual participants can use the same strategies as the experts and support team building. The top traders themselves can in turn share in the profits made by those who copy them – a win-win situation!

Since almost all contracts are available, participants’ return is calculated for both USD and BTC trading accounts. Finally, the higher return on investment (ROI) is used to calculate the final ROI for the team. In turn, to calculate the individual rewards, Phemex uses the total PnL on the USD and BTC accounts.

So register quickly and train your fingers!

Profit booster through copy trading: the most important data at a glance

17. October at 6:00 a.m. – October 31 at 6:00 a.m.: Registration period for Captain and team
18. Oct at 6:00 a.m. – Nov 14 at 6:00 a.m.: Contest period
19. November to December 13: prize giving

Participant Prize Pool (USD)

The Phemex Trader’s Arena prize pool depends on how many participants there are. The more participants, the bigger the prize pool! So hurry up and get your teams together, buckle up and get ready to trade. $750,000 in BTC is waiting for you to claim it.

Entrant Total Prize Pool (USD)

200-499: $3,000
500-999: $14,000
1,000-1,999: $43,000
2,000-3,999: $86,000
4,000-5,999: $236,000
6,000-7,999: $354,000
8,000-9,999: $600,000
10,000-13,999: $750,000

Team size and rewards for the captains

In this edition of the trading arena we will continue with the rewards for team captains. Each person who can successfully form a team will receive an award based on team size. If you are Copy trading top traders are, they can increase their team’s chances of winning.

Team Members Rewards for Captains

10: $300
20: $500
30: $700
50: $1,300
100: $2,500
150: $4,000
200: $6,000

format of the competition

Traders who have enough influence to rally a large team around them can here apply to be team captains. All qualified traders can join the teams or captains of their choice.

A valid team must consist of at least ten members. Any teams not meeting this condition by the start of the competition will be disbanded. Members are then randomly assigned to other qualifying teams.

The teams are ranked based on the average return on investment (ROI) of the top 10 traders on each team. All participants are also scored and rewarded on an individual level. Unlike the team leaderboards, individual scoring is based on Profits and Losses (PnL).

Information on how we will calculate the formulas for individual ROI and team ROI can be found here on the competition side.

Allocation of Prizes

The final prize pool will be divided into two prize categories: team prizes and individual prizes.

Team prizes make up 78 percent of the final prize pool. The breakdown looks like this:

• The 1st place team will receive 25 percent of the total prize pool.
• The team in 2nd place receives 15 percent of the total prize money
• The 3rd place team will receive 8 percent of the total prize pool
• The teams ranked 4-10 will receive an equal share of 30 percent of the total prize pool.
• The captains of a winning team receive 40 percent of their respective team’s prize.
• The top 10 team members of each winning team will receive 30 percent of their team’s prize equally. All other team members share the remaining 30 percent.
• If a winning team has fewer than 20 members, the captain receives 40 percent of the prize, while the remaining 60 percent is split equally among the remaining team members. Accounts with less than $500 in transaction volume during the Contest Period will not be eligible for a prize.

Individual prizes account for 22 percent of the final prize pool. The breakdown looks like this:

• 1st place receives 8 percent of the total prize pool
• The 2nd place receives 5 percent of the total price
• 3rd place receives 2 percent of the total prize pool
• 4th through 10th places will receive an equal share of 7 percent of the total prize pool.

additional conditions

Users are only eligible to participate with a single account. Before entering, please make sure the email address you are using to enter the contest is associated with a valid Phemex UID.

Pay attention to upper and lower case when entering the email address.

If a user’s BTC trading account net value is below 0.005 BTC or USD trading account net value is below 100 USD at the start of the contest, the initial net value will still be calculated as 0.005 BTC or 100 USD respectively.

Please see all other rules, prize breakdowns and requirements for this competition here.