Your week on Arcus
Four answers are enough. Everything else has a sensible default.
Arcus Points Lab
Independent research toolPOINTS ESTIMATOR
How many Arcus points
could you earn?
Arcus hands out points to its traders every week. Tell us roughly how you would trade and we will estimate your points, and what it may cost you to earn them.
- Pick a market
Choose what you would trade: crypto like BTC or ETH, or a stock or gold.
- Describe your week
How much money you keep on Arcus, how big your trades are, and how long you hold them.
- Read your estimate
See roughly how many points you could earn, and what it might cost you in fees.
Treat every number as a rough guess. Arcus has not published how points are counted. This tool uses real market prices and a best-guess scoring recipe built from a handful of real accounts. It cannot promise what you will earn, and points have no confirmed cash value.
New to this? Plain-English glossary 9 terms
- Points
- Arcus’s reward for using the exchange. 250,000 are shared among all traders each week. Arcus has not said what they will be worth.
- Collateral
- The money you deposit on Arcus. In our data it earned points only while it backed an open position; money left idle earned nothing.
- Leverage
- A multiplier on your trade size. At 3×, $100 of your money controls a $300 trade. Bigger trades mean bigger gains and bigger losses.
- Open interest (OI)
- The total size of all open trades in a market. Big markets have a lot; small ones have less.
- Spread
- The small gap between the buying price and the selling price. You pay it every time you trade.
- Funding
- A small hourly payment between traders who bet up and traders who bet down. Depending on the market, you either pay it or receive it.
- Basis points (bps)
- A tiny percentage. 1 bps is 0.01%, so 2.25 bps is 0.0225%.
- RWA
- Real-world assets: stocks, gold and index funds you can trade on Arcus. Arcus says these earn a points boost.
- Market order vs limit order
- A market order trades immediately at the best available price and pays the higher “taker” fee. A limit order waits for your price and usually pays less. Arcus has not said that either earns more points.
STEP 1 OF 2
STEP 2 · YOUR ESTIMATE FOR ONE WEEKROUGH GUESS
Estimated points
—
Calculating…
Where do these points come from?
If Arcus weighs things differently
If the stock and gold boost is different
The range covers three descriptions our data cannot tell apart. It does not cover changes in the overall level from week to week: the first week paid about 1.6× more for the same activity than the latest. It is not a promise: your real points could be lower, higher or zero.
What it could cost you
ONE WEEK—
Costs need a live price spread and funding rate.
This counts fees, spread, slippage and funding only. It does not include money lost if prices move against you, which is the biggest risk. Negative funding means you would receive money, which is not guaranteed.
OPTIONAL · COMPARE MARKETS
Same week, different markets.
See how your plan scores in each market, next to its cost and size. This is a comparison, not advice to trade.
DATED SNAPSHOT15 October 2026 · current OI is not reward-week OI
| Market | Est. points | Market size (OI) | Spread / depth | Boost | Warnings | Choose |
|---|---|---|---|---|---|---|
| Loading available markets… | ||||||
With the best-fit weights the size of a market does not change your points; small markets only score higher under the “Rewards small markets” preset, and stocks and gold only because of the assumed boost. “Most points first (cautious)” ranks by the low end of the range. By default we hide markets under $250K of open trades or $100K of daily volume. Prices older than 60 seconds are dropped. “Depth” is only the very best price on each side. Whether a market earns a boost for you is up to Arcus.
Claims you may have seen, checked against real accounts 7 claims
Based on four accounts whose full histories we measured from Arcus’s public data over four reward weeks. Three is few, so “not supported” means the data disagrees with the claim, not that it is proven false.
“Keeping money on Arcus earns points”Only while you hold a position
Money left idle earned nothing: in week 3 two accounts that only kept money on Arcus earned 0.01 and 0 points. But the balance behind open positions explains points better than anything else we measured, including position size. A $3,000 balance backing positions all week earned about 200× more than $200 that was mostly idle.
“Bigger positions earn more”Unclear
Once the balance behind open positions is counted, position size adds little: it got 0% through week 3 and about 10% once week 4 was added. We cannot yet tell whether a tiny position would count the same, because every account we measured held real positions.
“More orders earn more points”Weak at most
Completed round trips add a small amount (5% of the best fit). Order count by itself, which seemed to matter with three small accounts, did not hold up once a large account was added.
“Positions in small markets earn more”Weakening
One large account earned about 5× more after moving from big index markets to a small one (META), but in week 4 it moved mostly to big markets (NVDA, AAPL) and earned the same. Another account’s small-market positions did not pay off. The best fit gives it 0%; the “Rewards small markets” preset shows what it would mean.
“Only trading volume counts”Not supported
One account traded $207,000 in week 1 and earned less than one that traded $16,000. Volume adds nothing once the balance behind positions is counted.
“Market orders (or limit orders) earn extra because of fees”Not supported
Fees differed up to 50× between accounts with similar points, and neither fees nor market-order or limit-order volume improved the fit.
“Stocks and gold (RWA) get a 5× boost”About ×1.5, not ×5
Arcus says a boost exists, not how big. Fitted with four weeks of data, holding in stocks, gold and index markets earns about 1.5× as much as crypto; ×5 fits clearly worse. Most of our stock data comes from one account, and we cannot tell whether the boost applies at all hours or mainly outside US market hours.
How the estimate works and what we do not know
Money at work, plus round trips
Money-at-work score = your balance × days kept × the share of the week a position worth at least $10 was open, compared with a reference account built from sixteen measured weekly results. Round-trips score = trades opened and closed, compared the same way. A third score, your position × hours as a share of the market’s size, gets weight only in the “Rewards small markets” preset. Holding in stocks, gold and index markets counts about 1.5× (fitted); an extra after-hours boost is left at ×1.
Weekly points = 2.6 × the weighted scores + any referral credit. The best fit is 95% money at work and 5% round trips with a ×1.5 stock boost, which describes all sixteen account-weeks within about 1.2× typically and 1.4× at worst when each week has its own overall level. That is looser than our earlier fits to three small accounts, because a large account showed those fits were too simple.
What our sample can and cannot tell us
Four accounts over four weeks, from $35 to about $3,000 on Arcus. In week 4 the model, written down before the points came in, predicted two active accounts within 1.2× and two idle ones at exactly 0. Idle money earned nothing, and the balance behind open positions matters more than position size, trading volume, fees or order type. We have not seen anyone hold a tiny position against a large balance, so we cannot say whether that would count in full.
The form was found by searching many combinations, so it is the best description so far, not Arcus’s formula. Still missing: more accounts of different sizes and markets, the size of the stock and after-hours boosts, and whether small markets really pay more.
Official points announcement ↗ · Market data definitions ↗ · Spread data ↗
Previous volume-only model & network research Advanced comparison
VOLUME-ONLY COMPARISON
Network volume model
This separate model assumes a proportional share of a hypothetical pool.
PERP VOLUME · 24H ↗
$335.1M
PERP VOLUME · 7D ▥
$2.169B
WEEKLY POINTS POOL ✧
250K
PROGRAM ENDS BY ◷
H1 2027
A model, with the assumptions in plain sight. Arcus weighs trading quality, market making, retained deposits and referrals. Volume alone cannot predict official points. Token allocation and conversion are unconfirmed.
How it works ↗Build your trading scenario
Enter daily or weekly volume, with room for the unknowns.
ESTIMATED POINTSESTIMATE
691.2
691.2 new + 0 existing · 12 weeks · default example
Estimated first week57.6 pts
Modeled volume score share0.0461%
New activity cost / point$5.21
Your actual allocation can be lower, higher, or zero.
Modeled reward value
↗$11,766
Total modeled value · including existing points
New activity costs$3,600
Net from new activity+$8,166
Explore valuation assumptions →$1B FDV · 20% allocation · 11.75M eligible points. Default assumptions, all hypothetical.
✧
The denominator is the difference. More competing volume means fewer points. More total program points means less value per point.
One volume. Three scoring assumptions.
See how uncertain weights change the estimate. Other inputs stay the same.
Separate markets, separate denominators.
The estimator above uses perpetual volume only.
Valuation currently uses the previous volume model. Use “See what these points could be worth” on the Trading page to transfer its points and costs.
PRICE THE POSSIBILITIES
Valuation scenarios
Allocation × fully diluted valuation, divided by all eligible points.
All Arcus token inputs below are hypothetical. No token redemption, FDV, season allocation, or final points denominator is confirmed in the cited points announcement.
What is known so far (29 October 2026). Four weekly Season 1 distributions have issued 1,000,000 points to about 18,000 ranked accounts. At 250K a week the program can issue at most 35 more distributions (to 30 June 2027), so Season 1 tops out at 9.75M points if it runs the full length. Season 0 points are still hidden: our default of 2M is an assumption, and community estimates use 3.25M (13 weeks at 250K). For comparison, Lighter’s 25% allocation over 12.5M points is worth about $56-60 per point at its late-October FDV of roughly $2.8-3.0B.
Valuation assumptions
HYPOTHETICALThe program ends no later than 30 June 2027; the exact final distribution count is not confirmed. Include Season 0 only if your assumed allocation covers it. FDV uses total supply, not circulating market cap.
IMPLIED POINT VALUE
$17.02
per eligible point · modeled
- Total eligible points
- 11,750,000 pts
- Points reward pool value
- $200M
- Your unlocked value
- $11,766
- New activity break-even FDV
- $305.97M
FDV × allocation ÷ total points
Explore the valuation map
Each cell is USD per point. Your modeled denominator is used throughout.
Scenario grid, not a price forecast. Net values exclude pre-existing points and subtract the costs of your new activity.
Competition compounds
Projected cumulative points versus a flat-volume network.
Your growth assumptionFlat network volume
LESSONS FROM THE FIELD
Protocol research
Compare six programs, modeled point values, and dated OTC references.
One hypothetical FDV for every protocol. These are not launch prices or current valuations.
| Protocol | Relevant allocation | Distribution / units | Implied $ / point | OTC reference |
|---|---|---|---|---|
V Variational OmniVAR · Points live · Q4 2026 TGE planned (no date as of 29 Oct) | 32%Announced genesis points pool | 150K / week + 3M retroactiveFinal eligible denominator unconfirmed | UnavailableFinal points denominator unconfirmed | $37.50 / pointBroker report · mirroredPublication date unverified · |
≈ HyperliquidHYPE · Historical · 2024 | 31%Genesis allocation | 1M → 700K / weekFinal eligible point denominator not verified | UnavailableNo verified universal conversion | Just above $6 / pointHistorical · secondary reportOct 2024 report · |
↗ LighterLIT · Historical · 2025 | 25%Seasons 1 + 2 | 250K / week in S212.5M points · official announcement | $20.00Aggregate implied average · assumed FDV | $33 / pointHistorical · secondary report16 Sep 2025 report · |
✳ ParadexDIME · Announced allocation | 20%Announced XP airdrop | 4M / week in S3Final airdrop XP denominator not verified | UnavailableNo verified universal conversion | ~$0.80 / XPHistorical · low-confidence claim8 Dec 2025 report · |
✦ AsterASTER · Historical TGE pool | 8.8%TGE pool · 53.5% long term | Rh / Au / GemsMultiple units; no universal point rate | UnavailableNo verified universal conversion | UnavailableNo verified matching-unit quote |
dY dYdXDYDX · Historical · 2021 | 7.5%2021 retroactive mining | 5 historical usage tiersNot a points-based conversion | UnavailableNo verified universal conversion | UnavailableToken tiers, not common points |
“Unavailable” means a final eligible denominator or common unit is unverified. A larger headline community allocation may span multiple future programs.
Build a protocol valuation scenario
Use the comparison FDV above. Supply a denominator where the historical conversion is unverified.
IMPLIED VALUE / MODELED UNIT$32.00
32% is the announced genesis points allocation. 10M eligible points is an illustrative assumption, not an official total. The separate 18% ecosystem reserve is excluded.
Compare with an OTC reference
Use the selected protocol and denominator above. This is a paper comparison.
Broker report · mirrored. Publication date and settlement unverified; observed 6 Oct 2026. No live executable quote is established. See OTC research notes below.
OTC-implied FDV—
Reference vs modeled value—
Reference after fee / haircut—
Your acquisition cost / point—
Gross paper position at reference—
Paper position after fee / haircut—
Paper value less acquisition cost—
OTC-implied FDV = reference price × assumed final points ÷ allocation. A bid, ask, reported trade and token payout have different meanings. Quotes do not establish transferability, available size or successful settlement. Fees and haircut do not remove counterparty risk.
OTC research notes
Dated reports and attributed claims; none is a live executable quote.
| Protocol | Reported reference | Report date / quality | Evidence & limitations |
|---|---|---|---|
| Variational Omni | $37.50 / point | Publication date unverifiedBroker report · mirrored | Observed in a mirror on 6 Oct 2026. Operator-reported purchases; settlement and original post date unverified. Current bid/ask not verified. |
| Hyperliquid | Just above $6 / point | Oct 2024 reportHistorical · secondary report | Published 15 Oct, updated 24 Oct 2024. No exact price or executable quote; no numeric default is loaded. |
| Lighter | $33 / point | 16 Sep 2025 reportHistorical · secondary report | Reported before TGE. Settlement not independently verified. This observation must not be treated as a current LIT points price. |
| Paradex | ~$0.80 / XP | 8 Dec 2025 reportHistorical · low-confidence claim | Blog claim about OTC groups; exact XP season and execution terms unverified. No current executable quote established. |
No verified numeric OTC quote found for Arcus or Aster’s specific reward units. dYdX retroactive mining used token tiers, not points. Historical reports are retained as research context, not today’s marks. Aster / dYdX and missing quotes require your own input.
Read the mechanics
The rules that make a simple volume estimate incomplete.
V
HOW DISTRIBUTION WORKEDVariational Omni
POINTS LIVE · Q4 2026 TGE PLANNED (NO DATE AS OF 29 OCT)Omni launched points on 17 Dec 2025 with 3M retroactive points. Weekly drops occur Friday at 00:00 UTC for activity through Thursday 00:00 UTC. Referrals earn 1 point per 10 referred points; legacy traders get a 10% boost and reward tiers add 0–5%. The scoring formula remains unpublished.
VALUING THE POINTSThe announced genesis pool is 32% of VAR supply, fully unlocked and proportional to points. The separate 18% ecosystem reserve is not this redemption pool. Drops continue at 150K weekly until the planned Q4 2026 TGE; rechecked 29 Oct 2026, no TGE date or listing announced. The final eligible total is unconfirmed.
Model continued issuance and actual spread/funding costs. A broker-reported OTC price is a separate reference, not guaranteed cash or token value.
≈
HOW DISTRIBUTION WORKEDHyperliquid
HISTORICAL · 2024Recurring criteria, trading activity and referrals across two phases. Closed-alpha rewards and transition multipliers also existed.
VALUING THE POINTS31% is the announced genesis bucket. A universal HYPE-per-point conversion cannot be verified from these sources; unclaimed allocations went to future rewards.
A large allocation helps, but final eligibility and the denominator matter just as much.
↗
HOW DISTRIBUTION WORKEDLighter
HISTORICAL · 2025Season 2 split 200K retail / 50K market makers weekly. Retail scoring included volume, OI, funding and PnL, with market and quality weights.
VALUING THE POINTS25% × FDV ÷ 12.5M points gives the aggregate value per point. LIT trades at roughly $2.8-3.0B FDV (several trackers, checked 29 Oct 2026), about $56-60 per point; at its $5.50 high in September 2026 it was about $110. This is an average from the announced pool, not a promise for every account, and the price moves daily.
Zero standard trading fees did not make acquisition cost zero: slippage, funding and trading losses still counted.
✳
HOW DISTRIBUTION WORKEDParadex
ANNOUNCED ALLOCATIONXP rewards contributions beyond volume. Prior docs report ~100M XP in pre-season/S1 and ~236M in S2. Season 3 adds 4M per week, plus affiliate XP.
VALUING THE POINTSThe historical DIME announcement earmarked 20% across XP seasons. Secondary reports from January 2026 say Paradex raised the XP airdrop to 25% of supply (20% for Season 2 holders) with a launch planned for late February or March 2026; DIME market data is inconsistent across trackers and same-ticker tokens exist, so no realized value is shown. Do not divide this by current S3 XP.
Season extensions dilute value per XP when the allocation stays fixed.
✦
HOW DISTRIBUTION WORKEDAster
HISTORICAL TGE POOLSpectra used separate Rh trading and Au asset-holding points; Gems also participated. Rh allocations used relative shares in each weekly epoch.
VALUING THE POINTSThe initial 8.8% pool covered several reward systems. The 53.5% headline is a multi-year airdrop allocation, not the initial points redemption bucket.
Use the allocation for the exact season and reward type being modeled.
dY
HOW DISTRIBUTION WORKEDdYdX
HISTORICAL · 2021Snapshot of historical usage assigned five tiers. Users then had to reach a perpetual-trading milestone in Epoch 0 to unlock their allocation.
VALUING THE POINTS7.5% (75M DYDX) was allocated to retroactive mining. Rewards were tiered tokens and milestone-based, so a dollar-per-point number is not applicable.
A token allocation and a volume incentive do not automatically imply a linear points formula.
What did your points actually cost?
Personal cost basis works across programs, even when the official score is opaque.
YOUR OBSERVED COST / POINT$5.00
Include fees, spread, slippage, net funding, hedging and realized losses. Negative total costs mean net income. No universal historical cost per point exists.
Points estimator v0.7
Points are estimated mainly from money at work: your balance × days, counted only while a position of at least $10 is open, with a small part (5%) for completed round trips, and holding in stock, gold and index markets counting about 1.5× (fitted to the data, not assumed). Idle money, trading volume, fees, order type and order count add nothing in our data. Fitted to four accounts from $35 to about $3,000 over four reward weeks, the model describes all sixteen weekly results within about 1.2× typically and 1.4× at worst when each week has its own overall level, and its week-4 predictions, written before the points came in, held for all four accounts. The form was found by searching many combinations, so it is the best description so far, not an official formula. A platform-level check suggests some points in week 2 went to activity the model does not see (spot, market making or referrals). The range covers three descriptions the data cannot tell apart, not week-to-week level changes. Live Arcus quotes supply spreads and book depth; missing or stale quotes never become zero costs.
Explore the planner and its full methodology →OPEN THE BLACK BOX
Methodology & sources
Every formula, every limitation, and the sources behind the numbers.
How points are modeled
Daily volume assumes activity on all seven days and is multiplied by seven before calculating weekly points and trading costs. Switching the input period preserves the same modeled activity. The trading horizon, network volume and points pool remain weekly.
The rolling 7-day DefiLlama perpetual volume is a proxy for competing weekly activity. It is not Arcus’s exact rewards epoch or a weighted scoring denominator.
Weekly points = pool × volume category share × (your volume × relative factor) / (other volume + your volume × relative factor)
The model adds your activity to the competing-volume denominator. A 1× factor treats your activity like the average participant. This is an illustrative linear model; the official system may be nonlinear.
Network volume grows by your weekly growth assumption. Weekly estimates are added over your trading horizon. Existing points are added for total valuation, but excluded when measuring the profitability of new activity.
How value and costs are modeled
Total points = weekly pool × total program weeks + hidden / other eligible points
Value per point = FDV × allocation % / total points
New activity cost = total notional × (fee bps + slippage bps) / 10,000 + weekly net funding × weeks + other total costs.
Net new activity value = newly earned points × value per point − new activity costs. Break-even FDV solves that net value for zero. All rewards are conditional on your token-conversion assumption.
What Arcus actually confirms
CONFIRMED
- 250,000 points distributed weekly, Wednesdays at 3pm Eastern Time.
- Trading quality, market making, retained collateral and referrals matter.
- RWA activity and qualifying RWA perps outside 4am–8pm ET on US trading days receive boosts.
- Robinhood Wallet spot routes can receive a spot boost; this does not alter the spot/perps pool split.
- Season 0 totals are hidden; the program ends by H1 2027.
NOT PUBLISHED IN THE POINTS ANNOUNCEMENT
- The score formula and allocation among categories.
- Numeric RWA, overnight, deposit or referral multipliers.
- A guaranteed points-to-token conversion or token value.
- A token allocation for these points and the final eligible denominator.
- A final season-week count or Season 0 point total.
Wash trading, self-matching, clustering, rapid churning and gaming may receive fewer or no points. This calculator does not model strategies to evade those rules.
Source library
Official program sources, market-data snapshots, and clearly labeled OTC reports.
Arcus · Introducing Arcus Points ↗OFFICIAL RULES
Rechecked 29 Oct 2026, unchanged: fixed 250K weekly pool; Wednesday 3pm ET; Season 0 totals hidden; program ends by H1 2027. Scoring, boost sizes, token conversion and allocation are not published here.
Source checked 2026-10-29 · read source for subsequent updatesDefiLlama · Arcus ↗VOLUME SNAPSHOT
Rounded public-page snapshot checked 29 Oct 2026: perps $335.1M / $2.169B; spot $1.91M / $12.13M; aggregator $2.70M / $16.22M (24h / 7d). Perps volume has fallen for three weeks while TVL and open interest grew. Observation time is recorded separately; exact metric cutoff is unknown.
Source checked 2026-10-29 · read source for subsequent updatesDefiLlama · API documentation ↗DATA ACCESS
Derivatives overview and summary are listed as paid API endpoints. Public endpoint verification returned HTTP 402 on 6 Oct 2026. This app ships without a paid API key.
Source checked 2026-10-06 · read source for subsequent updatesHyperliquid · Points ↗OFFICIAL RULES
1M points weekly in the first phase; 700K weekly in the L1 phase; affiliates earned one point per four referral points. Criteria could change.
Source checked 2026-10-06 · read source for subsequent updatesHyper Foundation · HYPE Genesis ↗OFFICIAL ALLOCATION
31% of original 1B supply reserved for genesis eligible users, fully unlocked. Undistributed tokens move to future rewards. The announced bucket is not proof all 310M tokens reached users.
Source checked 2026-10-06 · read source for subsequent updatesLighter · Retail points ↗OFFICIAL RULES
Historical Season 2: 200K retail points weekly. Volume, OI, funding and PnL; nonlinear scores and unequal market weights.
Source checked 2026-10-06 · read source for subsequent updatesLighter · Market makers ↗OFFICIAL RULES
50K weekly market-maker points; explicitly says Season 2 ended 26 Dec 2025. The retail page still describes the former program.
Source checked 2026-10-06 · read source for subsequent updatesLighter · LIT allocation announcement ↗OFFICIAL ALLOCATION
30 Dec 2025: 25% of fully diluted value allocated against 12.5M Season 1 + 2 points. Verified through the official X embed JSON; 25% × FDV / 12.5M is an implied average, not a guaranteed individual conversion.
Source checked 2026-10-06 · read source for subsequent updatesParadex · XP program ↗OFFICIAL RULES
Approximately 100M XP in pre-season + Season 1 and 236M in Season 2; Season 3 has 4M weekly XP plus incremental affiliate XP. Scopes must be matched before dividing allocation by XP.
Source checked 2026-10-06 · read source for subsequent updatesParadex Foundation · Introducing DIME ↗ANNOUNCED ALLOCATION
Announces 20% community airdrop spanning XP seasons. This historical announcement and current Season 3 docs do not verify a realized per-XP payout or a common final denominator.
Source checked 2026-10-06 · read source for subsequent updatesAster · Tokenomics ↗OFFICIAL ALLOCATION
8.8% of total 8B supply unlocked at TGE for Stage 0/1 Rh, Au and Gems participants. The wider 53.5% airdrop allocation extends across future distributions.
Source checked 2026-10-06 · read source for subsequent updatesAster · Trade to earn Rh ↗HISTORICAL RULES
Rh uses trading volume, team boosts and referrals; rewards use epoch-relative shares. Rh, Au and Gems cannot be treated as interchangeable points.
Source checked 2026-10-06 · read source for subsequent updatesVariational · Omni points rules ↗OFFICIAL RULES
Program launched 17 Dec 2025 with 3M retroactive points; Friday distributions, referral points, a 10% legacy boost and tier boosts up to 5%. Scoring formula is not public.
Source checked 2026-10-06 · read source for subsequent updatesVariational · VAR tokenomics announcement ↗OFFICIAL ANNOUNCEMENT
24 Sep 2026 UTC: 32% genesis allocation proportional to points, fully unlocked; 18% ecosystem reserve; Q4 2026 TGE. 150K weekly points continue until TGE. Final eligible point total is unconfirmed.
Source checked 2026-10-06 · read source for subsequent updatesVariational · Week 42 distribution ↗OFFICIAL DISTRIBUTION
2 Oct 2026 UTC: 150K points distributed to 31,693 accounts. A weekly issue does not establish the final eligible denominator.
Source checked 2026-10-06 · read source for subsequent updatesPointsOTC · Variational broker report (mirror) ↗UNVERIFIED BROKER REPORT
Mirror displays an operator claim of two purchases at $37.50/point (900 and 1,000 points). Checked 6 Oct 2026; original publication date and settlement not independently verified. No live bid/ask is established.
Source checked 2026-10-06 · read source for subsequent updatesOAK Research · Historical Hyperliquid points market ↗HISTORICAL SECONDARY REPORT
Report published 15 Oct 2024, updated 24 Oct: described Hyperliquid points just above $6 on Whales Pro. Historical observation; not an exact quote, live book or final redemption value.
Source checked 2026-10-06 · read source for subsequent updatesBitget / Coin World · Historical Lighter OTC report ↗HISTORICAL SECONDARY REPORT
16 Sep 2025 article reports Lighter points at $33 OTC. Underlying trades and terms were not independently verified; not a current quote or realized TGE payout.
Source checked 2026-10-06 · read source for subsequent updatesCoinStats · Historical Paradex OTC claim ↗HISTORICAL SECONDARY CLAIM
8 Dec 2025 blog claims about $0.80/XP in OTC groups. No executable book, settlement evidence or precise XP-season scope supplied; retained as a low-confidence historical claim.
Source checked 2026-10-06 · read source for subsequent updatesdYdX Foundation · Retroactive Mining ↗OFFICIAL ALLOCATION
2021 retroactive mining allocated 7.5% (75M DYDX) in five usage tiers with required trading milestones. This was a token allocation program, not a universal points conversion.
Source checked 2026-10-06 · read source for subsequent updatesi
Independent research tool; not affiliated with Arcus or any compared protocol. Estimates are scenarios, not promised rewards. Trading losses can exceed modeled rewards.
About & research standards
Who maintains the site, how evidence is treated, and how to report an error.
Purpose and maintainer
Arcus Points Lab is maintained by mdgazi786, identified by the public GitHub account linked to this project. It is an independent research tool and is not affiliated with Arcus or any compared protocol.
The dashboard makes volume, trading costs and valuation assumptions inspectable. AI assisted with research compilation, writing and software development. Automated tests check calculation arithmetic and site behavior; they do not independently verify every source claim. No professional credentials or protocol endorsement are claimed.
Research standards
Official announcements and documentation are preferred for program rules. Market-data snapshots and third-party OTC reports retain their source, observation date and limitations. Confirmed rules, modeled assumptions, announced allocations and realized payouts have different meanings.
A historical OTC report is not a live executable price or proof of settlement. Allocations and denominators must cover the same reward pool. Missing final denominators remain unavailable. The research-check date is separate from the source publication date and the exact volume measurement cutoff.
Corrections and contact
Report a suspected error through a GitHub issue. Include the affected page, claim, proposed correction, supporting source and relevant date. Do not include API keys, wallet secrets or private trading information.
Proposed corrections should be checked against primary evidence. Substantive accepted corrections should update the claim, source notes and dated revision history together. Unresolved claims should remain qualified. There is no guaranteed response deadline.
Revision history
Site changes and research changes are recorded separately.
Volume snapshot, rules and protocol research rechecked
Updated the DefiLlama snapshot to $335.1M over 24h and $2.169B over 7d of perpetual volume (spot $1.91M / $12.13M, aggregator $2.70M / $16.22M); the default competing volume follows it. Rechecked the Arcus points rules: unchanged. Rechecked Variational (still no TGE date), Lighter (LIT at roughly $2.8-3.0B FDV, about $56-60 per Season 1-2 point) and Paradex (reported January 2026 change to a 25% XP airdrop; DIME market data too inconsistent to use). The valuation page now lists what is known: 1,000,000 Season 1 points issued over four weeks to about 18,000 accounts.
Points estimator v0.7: fitted stock boost
The boost for stock, gold and index markets is now fitted together with the weights instead of being assumed: ×1.5 fits sixteen account-weeks best (typical miss 1.19×, worst 1.40×, against 1.28× and 1.60× without it); ×5 fits clearly worse. The separate after-hours boost is left at ×1 because the data cannot tell when the boost applies. The result card now shows how many points $1,000 kept at work for a week earns at the latest level. The small-market claim is marked as weakening.
Week 4: predictions checked, estimator rescaled
Before the week-4 points were looked up, the v0.6 estimator predicted 0.39 and 15.3 points for two measured accounts (actual 0.43 and 18.09) and 0 for two idle ones (actual 0 for both). The model form is unchanged; it is now fitted on sixteen account-weeks (typical miss 1.3×, worst 1.6×) and scaled to the week paid 28 October, which paid about 26% more than the week before for the same activity. Position size now gets a small weight in the fit, so that claim is marked unclear.
Points estimator v0.6: money at work
A fourth, much larger account (about $3,000 holding stock positions all week) showed that v0.5 underestimated large accounts by up to 24×. Refitted on four accounts over three weeks, points now follow money at work: your balance, counted only while a position of at least $10 is open, plus a small part for completed round trips. Idle money, position size, volume, fees and order type add nothing in our data; a small stock boost fits as well as none. The fit is looser than before (about 1.25× typically, 1.5× at worst) because it now covers very different account sizes.
Points estimator v0.5: holding and orders, not money kept
Week 3 (distributed 21 October) showed that money left idle on Arcus earns almost nothing: two measured accounts that only kept money earned 0.01 and 0 points, as predicted before their cards, and an account that doubled its deposit but stopped holding earned less. The estimator now scores holding (the square root of position size × hours) and the number of orders, weighted 40/60, fitted on three weeks and scaled to the latest; money kept and volume get no weight, and market size no longer changes the estimate. The previous estimator overstated plans that mostly keep money on Arcus by several times. Claims were retested on three weeks.
Points estimator v0.4: two measured weeks
Recalibrated the estimator on the second Season 1 distribution (14 October) for the same three measured accounts. Default weights are now 30% OI exposure, 70% retained collateral and 0% volume, fitted on both weeks; the scale is the latest week, which paid about 5× less per dollar kept on Arcus than the first. Claims about fees, market and limit orders, and the RWA boost were retested on both weeks. Fixed the estimate range, which could leave out your own weights under the alternative market-split assumption. Saved and shared plans keep your inputs and adopt the new assumptions.
Arcus volume snapshot and rules rechecked
Updated perpetual volume to $462.32M over 24h and $2.923B over 7d, plus separate spot ($5.57M / $22.61M) and aggregator ($7.03M / $29.29M) figures. The default competing volume follows this snapshot. Rechecked the 250K weekly pool, Wednesday 3pm ET distribution, H1 2027 end and outside-hours boost window: unchanged. The 2.25 bps base taker fee and API rate limits are unchanged. Protocol benchmarks and historical OTC references retain their prior check dates.
Points estimator and measured-account calibration
Replaced the volume-only home page with a beginner-friendly points estimator using live Arcus market data, served through an edge-cached markets endpoint. The estimator (v0.3) is calibrated to three accounts measured from Arcus’s public API using exposure, deposit-time and volume (weights 45/50/5), and circulating claims about fees, market orders and the RWA boost are tested against the same accounts. The earlier volume model remains under Advanced.
Arcus volume snapshot refreshed
Updated perpetual volume to $497.44M over 24h and $2.862B over 7d, plus separate spot and aggregator figures. The default competing volume follows this snapshot. Rechecked the 250K weekly points rule; protocol benchmarks and historical OTC references retain their prior check dates.
Authorship, corrections and discovery measurement
Added the About page, research policy and private discovery reports. This is a site update; the underlying protocol research and volume snapshot were not refreshed.
Performance and accessibility
Self-hosted fonts, cached fingerprinted assets and improved text contrast. Formula and research inputs were unchanged.
Web Analytics
Added Vercel page-view analytics. Calculator query parameters and fragments are removed before events are sent.
Initial dashboard and research
Published daily and weekly volume scenarios, six protocol comparisons, dated OTC references, formulas and static research pages.
Privacy and discovery measurement
Calculator assumptions and cached volume settings are saved in your browser. Using Share scenario puts the selected assumptions in a URL you choose to share. Vercel Web Analytics measures page views and available referrer information; calculator query parameters and fragments are removed before page-view events are sent.
Discovery reports remain private to the maintainer. Public-page access, search indexing, AI referrals and citations in answers are measured separately. Successful crawler-style test requests do not prove indexing, and an AI referral does not prove a citation. Private reports and credentials are not included in the site build.
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Read the formulas and source library or inspect the project repository. Estimates are conditional scenarios, not promised rewards.