P&L (%) Calculation Formula
P&L (%) = Profit / (Initial Equity + Total Deposits) * 100%
Profit = [Account Final Equity (incl. unrealized P&L and/or bonus) - Account Initial Equity (incl. unrealized P&L and/or bonus) + Withdrawal amount during the competition - Deposit amount during the competition]
Deposits = Accumulated deposits (incl. transfers, awarded bonuses, commissions, asset conversions and redemptions from Lending for UTA users) during the competition period. 
Withdrawals = Accumulated withdrawals (incl. any withdrawals and asset conversions, assets lent out via Lending for UTA users) during the competition period

When considering an upgrade to a Unified Trading Account, please note:
- You can register for the trading competition before or after the upgrade.
- However, if you have already registered for the trading competition, you won't be able to upgrade to a Unified Trading Account until the competition concludes.

After upgrading to a Unified Trading Account, P&L (%) will undergo the following changes:
· Unified Trading Account (UTA):
 P&L(%) will include all USDT and USDC Perpetual contracts, USDC Options, Spot Trading, Spot Margin Trading as well as Leveraged Tokens.

The UTA P&L(%) refers to the profit or loss of your entire Unified Trading Account.

For UTAs, variations in collateral asset prices directly impact the P&L%. For example, holding XRP in the UTA means that real-time fluctuations in XRP's coin price will influence the net asset value, consequently affecting P&L% in the competition.

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Introduction

Event Rules