Interdax hosts regular battles with BTC prizes for the best performing traders. Trading battles combine aspects of gaming and cryptocurrency trading by putting participants head to head in a competition to see who is the most profitable over a certain period of time.
Battles are free to enter. There are no charges or fees to join trading battles, but each trader must have an amount of BTC equal to the trading stack for the battle.
Join A Trading Battle
To join a trading battle, click on 'Battles' on the home screen.
Ensure you have enough funds deposited to cover the trading stack (find out how to deposit on Interdax here).
The battle arena displays an overview of all live and upcoming trading battles.
Each trader will start with the same trading stack (e.g., 1 BTC) and there is a fixed time-window for participants to try and trade their way to the highest amount possible. Each battle will be focused on one instrument only (e.g., BTC-PERP).
Click on 'View' to see more information about a particular battle and to join. You'll also be able to see other traders that have joined, the prize, initial stack, duration, and countdown to starting time (once a battle starts you cannot join).
Once the battle is live, the leaderboard is also available here.
When you click 'Join', your account name will be added to the trading roster.
The funds required to join the battle will then be moved from your main balance to your trading battle sub-account. As long as you are signed up for a battle, you cannot use those funds to trade with until the competition starts.
If you want to trade with these funds before a battle, you can click on 'Leave battle' (shown below) and join back later before it starts:
You can also share the battle on social media, invite your friends and other traders.
Scroll down on the battle page to see the buttons to share the link and invite other traders on Facebook, Telegram, LinkedIn, Reddit or Twitter.
Click on the buttons to invite your friends.
Trading in a Battle
To start trading once the battle has started, navigate to the arena and the 'View' button will now be a 'Trade' button.
The leaderboard and time remaining are also both displayed at the top of the interface when you are trading with your battle sub-account (shown below):
You can check you are trading with your battle sub-account by checking the balance panel. For instance, if you joined Wednesday War, the sub-account should be the named the same as this battle in the balance panel.
If you click on the leaderboard, you can check the ranking of each trader:
You can also check whether other traders are long or short by viewing the leaderboard direct from the battle arena.
You are NOT required to exit your positions at the end of a battle. The sub-account for a battle turns into a regular sub-account once the competition has finished.
The system takes a snapshot of every trader's PnL the moment the battle is finished. Therefore, you have a choice: you can keep your position open or you can close it after the battle finishes.
After a Trading Battle
The best performing traders (as measured by their PnL at the end of the battle) will win prizes. Once a battle has finished, your battle sub-account becomes a standard sub-account and any of your open positions remain active.
Prizes from a trading battle used to be paid out manually, but are now paid out automatically along with the withdrawals at 11AM London time. Therefore, the prize will be paid to your main trading account approximately 1-2 days after the battle has ended.
You can also track the results of past battles and the ones you've participated in:
Rules
During a trading battle you may only use the funds that were initially allocated for that battle (your initial trading stack) and any PnL you generate in that battle.
We reserve the right to disqualify battle participants for any form of unfair play.
Any attempt to siphon more funds in to your battle account will lead to your disqualification for that battle. This happens, for example, if you set limit orders in the battle and you fill those orders yourself, from another account. This is cheating because you're then siphoning the maker rebates into your battle account, and that gives you an advantage over other participants.
We insist on keeping the battles not only fun, yet also fair for everyone.
Interdax will introduce different trading battles in the future so stay up to date by following our blog and social media.