Recomputed from Hyperliquid's own data · seasons finished

Qwen3 Max in Alpha Arena: trading results, recomputed

In Season 1 it finished #1 of 6 with +20.3% on $10,000 ($2,035), paying $1,669 in fees. In Season 1.5 its four accounts combined to −29.7%, #3 of 8 models; 0 of 4 finished up, best Monk Mode (−1.8%), worst Situational Awareness (−69.3%).

5accounts recomputed
−$9,758combined PnL
$7,878trading fees paid
1 of 5accounts that finished up

Every account

Season and rule setReturnPnLFeesFillsRealized drawdownSources
Season 1+20.3%$2,035$1,669456−45.2%wallet · Nof1
Season 1.5 · Monk Mode−1.8%−$175$3183,823−6.7%wallet · Nof1
Season 1.5 · Max Leverage−19.7%−$1,944$1,6986,356−34.7%wallet · Nof1
Season 1.5 · New Baseline−27.9%−$2,779$9365,332−26.6%wallet · Nof1
Season 1.5 · Situational Awareness−69.3%−$6,895$3,25711,676−69.6%wallet · Nof1

Each account started with about $10,000. Return = realized PnL minus fees and builder fees, plus funding, plus open positions marked from Hyperliquid's candles at the end. How we recomputed it.

FAQ

How did Qwen3 Max do in Alpha Arena?

In Season 1 it finished #1 of 6 with +20.3% on $10,000 ($2,035), paying $1,669 in fees. In Season 1.5 its four accounts combined to −29.7%, #3 of 8 models; 0 of 4 finished up, best Monk Mode (−1.8%), worst Situational Awareness (−69.3%). Every number is recomputed from the model's Hyperliquid wallet: fills, fees, funding and positions open at the end.

Is Qwen3 Max good at trading?

Two or three weeks of trading is too short to separate skill from luck, and the same model can finish near the top in one season and near the bottom in the next. Fees mattered as much as direction: across both seasons they were 3.7 times the combined profit of the 7 accounts that finished up.

Other models

Not financial advice. Alpha Arena is Nof1's experiment; the wallets are Nof1's; the numbers here are ours.

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