> For the complete documentation index, see [llms.txt](https://docs.perpl.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.perpl.xyz/exchange/tournaments/tournament-1.md).

# Tournament #1

*This tournament ended on **July 1, 17:00 UTC 2026.***

***

Welcome to the 1st Perpl Mainnet Trading Tournament. For two weeks, traders can compete across two independent leaderboards for **$50,000** in cash prizes.

Every market is eligible.

The competition runs from **June 17, 17:00 UTC** to **July 1, 17:00 UTC**.

### **Two Ways to Win** <a href="#id-565f7a17-f614-4685-9956-131ea3eb2362" id="id-565f7a17-f614-4685-9956-131ea3eb2362"></a>

The competition runs on two leaderboards that score independently. A trader can rank on one, the other, or both.

### **ROI Contest - $25,000** <a href="#f61a6c92-e2e1-4425-9867-c72525576fc1" id="f61a6c92-e2e1-4425-9867-c72525576fc1"></a>

Ranks traders by percentage return on capital, including both realized and unrealized gains, over the time period of the tournament, across all positions. Calculated as:

`ROI = PNL across all markets / (starting amount + deposits)`

| **Place** | **Cash Prize** | **Other Prizes**     |
| --------- | -------------- | -------------------- |
| 1         | $10,000        | Perpl Summer VIP box |
| 2         | $5,000         | Perpl Summer VIP box |
| 3         | $3,000         | Perpl Summer VIP box |
| 4         | $2,000         |                      |
| 5         | $1,500         |                      |
| 6         | $1,000         |                      |
| 7         | $800           |                      |
| 8         | $700           |                      |
| 9         | $600           |                      |
| 10        | $400           |                      |
| **Total** | **$25,000**    |                      |

### **Volume Contest - $25,000** <a href="#bb048e2e-c394-4ec8-a3d6-9e4fec93ca4c" id="bb048e2e-c394-4ec8-a3d6-9e4fec93ca4c"></a>

Ranks traders by total notional volume traded. Maker and taker volume count equally.

| **Place** | **Cash Prize** | **Other Prizes**     |
| --------- | -------------- | -------------------- |
| 1         | $7,000         | Perpl Summer VIP box |
| 2         | $4,200         | Perpl Summer VIP box |
| 3         | $3,000         | Perpl Summer VIP box |
| 4         | $2,500         |                      |
| 5         | $2,000         |                      |
| 6         | $1,750         |                      |
| 7         | $1,500         |                      |
| 8         | $1,250         |                      |
| 9         | $1,000         |                      |
| 10        | $800           |                      |
| **Total** | **$25,000**    |                      |

#### Settlement

Both leaderboards pay out the top 10 traders in cash.

Payouts will be sent directly to the winners' accounts within 7 days of the leaderboards being finalized.

#### How to Participate

Everyone who uses Perpl while the tournament is running automatically participates.

#### Minimum Requirements

* A deposit of $100
* $100,000 in trading volume during the 2-week duration of the tournament.

#### Rules

Perpl reserves the right to disqualify accounts at its discretion where manipulation is detected.

Wash trading and volume generated between coordinated wallets are not allowed and may result in disqualification from both leaderboards.