> For the complete documentation index, see [llms.txt](https://documentation.kodiak.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://documentation.kodiak.finance/protocol/perps/trading-competitions.md).

# Trading Competitions

Traders on Kodiak Perps are automatically eligible for Trading Competitions. 

Competition statistics and details can be viewed on the [Leaderboard](https://perps.kodiak.finance/leaderboard).<br>

**Rules**

Rules vary by competition. Generally speaking, rewards are based on Volume and realized PNL during the competition period. &#x20;

* Competition Dates: as announced in the competition rules (e.g. Nov 1 to 15)
* Timezone for snapshot: UTC
* Source of truth: leaderboard.&#x20;
* Unrealized PNL does not count.
* Realized PNL is gross of fees (i.e. impact of fees is not included).
* Liquidation volumes, liquidation fees, and PNL does not count towards Realized PNL.&#x20;

{% hint style="info" %}
Liquidation volumes and fees do not accrue to Kodiak, they go towards the liquidator and the Orderly insurance pool.
{% endhint %}