Dear Sparta Strategy Managers and Users,
To improve the accuracy and fairness of profit sharing calculations and to ensure that managers' earnings align with the actual net value performance of strategies, Sparta will upgrade the profit sharing calculation mechanism:
The previous method of immediate profit confirmation with weekly or monthly transfers will be adjusted to unified calculation and transfer of profit sharing based on the actual net value of strategies at weekly or monthly settlement.
This adjustment only optimizes the timing and basis of profit sharing calculation and does not change the original profit sharing ratios.
1. New Profit Sharing Mechanism
At weekly or monthly settlements, the platform will comprehensively calculate:
- Realized profit and loss;
- Unrealized profit and loss;
- Transaction fees;
- Funding costs;
- Other fees or adjustments affecting the strategy’s net value.
Profit sharing for managers will only be calculated and transferred if the strategy generates net profits that meet the profit sharing conditions at settlement.
If the strategy’s net value declines at settlement or does not exceed the applicable high-water mark (HWM), no new profit sharing will be generated for that period.
2. Core Calculation Principles
Based on actual net value at settlement
The final profit sharing will be based on the overall net value performance of the strategy at settlement, no longer confirmed immediately by individual trades or interim profits.
Inclusion of unrealized profit and loss
If the strategy still holds positions, floating profit and loss will be included in the settlement to fully reflect the current position risk.
Use of high-water mark mechanism
Only when the strategy’s net value exceeds the highest net value that has previously generated profit sharing will the excess portion be counted as new profit sharing.
If the strategy incurs losses, it must first recover the losses and surpass the high-water mark again before generating new profit sharing, avoiding duplicate calculation of the same segment of gains.
Profit sharing ratios remain unchanged
This upgrade does not affect the existing profit sharing levels and ratios for managers; it only adjusts the confirmation method and settlement basis.
3. Value of the Adjustment
For Users:
- Profit sharing more closely reflects the true performance of strategies;
- Avoids paying profit sharing during strategy losses;
- Reduces premature or duplicate profit sharing;
- Further aligns the interests of users and managers.
For Managers:
- Profit sharing results are more complete and accurate;
- Avoids distortion of profit sharing data caused by short-term gains;
- Places greater emphasis on overall net value, position risk, and long-term returns;
- Enhances users’ long-term trust in quality strategies and managers.
4. Settlement Cycle
Manager profit sharing will still be executed according to existing levels:
- Monthly profit sharing level: calculated uniformly based on net value at monthly settlement;
- Weekly profit sharing level: calculated uniformly based on net value at weekly settlement.
5. Special Notes
This upgrade does not reduce managers’ profit sharing but ensures that profit sharing is based on the strategy’s true, complete, and verifiable net profits. Only when managers and users jointly bear profits and risks can a fairer, more transparent, and sustainable strategy ecosystem be established.
Thank you to all managers and users for your support and understanding of Sparta. If you have any questions, please contact the platform’s customer service and operations team.
OneBullEx Team August 25, 2026
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