Lighter trader ranking

Frequently asked questions

How is the Lighter trader ranking determined?

From Lighter's public leaderboard we take the top 1,000 by P&L per period, keep only accounts with at least $100K in account value and trades in the period, and show the top 100 by return or P&L. To filter out accounts whose return is inflated because the balance was near zero right before a deposit, accounts whose capital at the start of the period (P&L divided by return) is below $50K are excluded.

Where does the data come from and how often does it update?

From Lighter's public REST API (leaderboard and account lookup). The ranking refreshes up to once an hour; the per-asset position aggregate re-fetches each ranked account once an hour. Positions and P&L history on a trader profile refresh about once a minute. We use only data the exchange publishes, never scraped screens.

How do 24h, 7d, 30d and all-time returns differ?

We use the P&L and return Lighter's leaderboard computes separately per period. 24h is the last day, 7d and 30d the last week and month, and all-time is cumulative since the account was opened. Shorter periods swing with one or two trades, so look at 30d and all-time as well.

How is leverage calculated?

Lighter publishes the initial margin fraction each account set per asset. Leverage is its inverse: a 2% initial margin fraction is 50x, 10% is 10x. Position return is unrealized P&L divided by margin (entry amount times that fraction).

Why are there no fills?

Lighter requires authentication to look up an account's fill history, so it cannot be fetched from the public API. Profiles therefore show current positions and P&L history only, and the recent fills table is left empty.

Can I put my own returns in the ranking?

Yes. Sign in to SatoshiNote and connect an exchange API; if you agree to be listed, you appear by nickname in the 'SatoshiNote users' ranking, which only signed-in members can see. Manually entered records cannot be verified and are excluded; only trades synced automatically count.

Should I copy the traders in this ranking?

This screen organizes public records for information and is not investment advice. Many top traders use high leverage, so copying the same positions can get liquidated on a small price move, and past returns do not guarantee future results.