The higher the collective Trading Volume, the higher the prize pool!
⚔️ Share a 300,000 USDT Prize Pool
The prize pool will be shared by the Top 100 traders ranked by trading volume.
The prize pool will be shared by the Top 100 traders ranked by PnL.
The prize pool will be shared by the Top 100 traders ranked by ROI%.
🏆 New Trader Quests: 10,000 USDT Prize Pool
New to BitMEX? All new traders who join during the competition period can win a share of the 10,000 USDT prize pool based on their trading volume.
The competition Prize Pool grows as the Total Trading Volume in ⚔️ April Anarchy grows — higher collective trading volumes lead to higher total rewards that you can win!
Traders will receive according to their ranking as shown below.
| Prize Pool Rank | No. of Winners | Trading Volume 80% of Prize Pool | PnL 10% of Prize Pool | ROI% 10% of Prize Pool |
|---|---|---|---|---|
| 🥇1 | 1 | 17.6% | 2.2% | 2.2% |
| 🥈2-3 | 2 | 17.6% | 2.2% | 2.2% |
| 4-10 | 7 | 14.4% | 1.8% | 1.8% |
| 11-30 | 20 | 12.8% | 1.6% | 1.6% |
| 31-50 | 20 | 9.6% | 1.2% | 1.2% |
| 51-100 | 50 | 8.0% | 1.0% | 1.0% |
FAQs
Below, we’ve answered some of the questions you might have about April Anarchy. What are the criteria for participating in April Anarchy? 1. Users must complete KYC verification to participate and claim the rewards of this campaign. 2. Users must enable the “Show in Leaderboard” feature, selected under their Leaderboard preference.
How do I join April Anarchy?
You can join the competition any time from 4 Apr 2025 at 11:00am UTC to 27 Apr 2025at 11:59pm UTC. Any verified BitMEX user can participate in the competition by signing up individually.
Participants must click "Join now" to make sure the button is changed to "You’re in 🎉" to be considered a valid participant of the event. Otherwise, your participation will be void.
How does April Anarchy work?
Those in the trading competition will compete against other traders to attain the highest volume, PnL or ROI% through trading any derivatives contract on BitMEX. To be eligible for the ranking on the leaderboard, you must have at least $200,000 in total trading volume during the campaign period.
The competition will run for 24 days. It will begin on 4 Apr 2025 11:00 UTC and end on 27 Apr 2025 11:59 pm UTC.
What are the April Anarchy rewards?
A prize pool of up to 300,000 USDT is available to the Top 100 Traders ranked across three leaderboards 1) Highest Trading Volume, 2) Highest PnL, 3) Highest ROI% (Return on Investment %).
You can check the current Prize Pool at the top of this page, and your ranking and estimated reward in each leaderboard.
How are the rewards of the leaderboard divided and distributed? 1. Highest Trading Volume
Top 100 winners by Trading Volume will share 80% of the final prize pool.
Top 1: 17.6% share of the final prize pool (1 reward)
Top 2-3: 17.6% share of the final prize pool (2 rewards)
Top 4-10: 14.4% share of the final prize pool (7 rewards)
Top 11-30: 12.8% share of the final prize pool (20 rewards)
Top 31-50: 9.6% share of the final prize pool (20 rewards)
Top 51-100:8% share of the final prize pool (50 rewards)
2. Highest PnL
Top 100 winners by PnL will share 10% of the final prize pool.
Top 1: 2.2% share of the final prize pool (1 reward)
Top 2-3: 2.2% share of the final prize pool (2 rewards)
Top 4-10: 1.8% share of the final prize pool (7 rewards)
Top 11-30: 1.6% share of the final prize pool (20 rewards)
Top 31-50: 1.2% share of the final prize pool (20 rewards)
Top 51-100: 1% share of the final prize pool (50 rewards)
3. Highest ROI%
Top 100 winners by ROI% will share 10% of the final prize pool.
Top 1: 2.2% share of the final prize pool (1 reward)
Top 2-3: 2.2% share of the final prize pool (2 rewards)
Top 4-10: 1.8% share of the final prize pool (7 rewards)
Top 11-30: 1.6% share of the final prize pool (20 rewards)
Top 31-50: 1.2% share of the final prize pool (20 rewards)
Top 51-100: 1% share of the final prize pool (50 rewards)
4. New Trader Quests: 10,000 USDT Prize Pool
All newly registered traders who join the competition and accumulate at least $200,000 in trading volume, will share a 10,000 USDT prize pool based on their total trading volume.
The reward will be calculated by: (Individual New Trader Volume) / (Total Volume of all New Traders) X 10,000 USDT. For example, if new trader A has achieved $200,000 during the competition, and Total Volume of All New Traders is $10,000,000, trader A’s reward will be $200,000/$10,000,000*10000=200 USDT.
Am I eligible for multiple rewards if I rank on different leaderboards?
Yes, you are eligible for all rewards if you rank among the Top 100 traders on multiple leaderboards. To qualify for the competition rewards, you must have a total trading volume of at least $200,000 during the campaign period.
What is the calculation formula for each leaderboard?
All trading data will be collected based on the time users joined the competition. Once the competition ends, the leaderboard will automatically stop updating and the competition reward payout will be based on the snapshot.
Trading Volume:
All trading volume from any spot and derivatives contracts will be counted toward the competition from the moment of participation.
PnL：
PNL is calculated for derivative contracts only
PNL at leaderboard = Trade Realised PNL + Funding PNL + (Unrealised PNL - Unrealised PNL at Competition Join Time)
ROI%：
PNL / (Wallet Balance at Competition Join Time * Price For Each Asset at Competition Join Time + Total Deposit Amount * Price for Each Asset at Deposit Time)
Deposit here means any positive transfer in, which would include affiliate payouts, campaign rewards, etc.
Terms and Conditions
This competition takes into account the trading volume generated on all derivatives contracts on BitMEX.
All winners are identified according to the competition leaderboard snapshot at 23:59 PM UTC on 27 Apr 2025.
Winners of the competition will be notified by BitMEX and rewards will be credited into users’ BitMEX.com wallets within 5 working days after the competition ends.
Competition Rules:
Participation criteria: To participate, traders must be clarified and have “Show in Leaderboard” selected under their Leaderboard preference settings (here).
Winning criteria:
Competition Prize: To be eligible for the competition reward, traders must have at least $200,000 in total trading volume during the campaign period.
New Trader Quests: To be eligible, new users must complete KYC, join the competition within the campaign period, and meet $200,000 in trading volume. Winners will split the 10,000 USDT prize pool based on their total trading volume.
Trading volume from linked accounts is calculated separately on the leaderboard.
No corporate entities nor individual users trading via corporate accounts will be permitted to take part in this competition.
This competition is only available to retail users.
All users participation in the competition shall remain subject to our Terms of Service, Exchange Rules, Guild terms and FAQs, and any other terms or directions we may provide.
We reserve the right to modify these terms at our sole discretion. Trading derivatives is high risk, please refer to our Terms of Services here and Risk Disclosure Statement here.