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STAGING · TEST DATA
PAPER
How it works

how trenchly works.

Real market, paper money. Every account starts with 10 paper SOL, and every fill is priced off a live, executable swap quote. Here is exactly what is real, what is simulated, and what each fill costs.

How a fill works

real quotes.paper bags.

01

you

pick a token and a size in paper SOL.

02

live Jupiter route

a real, executable swap quote prices the fill: route, impact, slippage.

03

hash-chained paper ledger

the fill is written to your paper ledger, linked to the one before it.

04

receipt

every fill gets a public receipt anyone can check.

Real vs paper

what's real.what's paper.

REAL

prices
displayed prices come from live market data.
routes
every fill is priced off a fresh, executable Jupiter swap quote.
liquidity
the quote walks real pools, so thin pools fill worse.
price impact
measured by the quote for your exact size, not estimated.
slippage checks
if the market moves past your tolerance before you confirm, you re-quote.
PAPER
your SOL
paper SOL from the start of each run. never real money.
balances
a simulated ledger on our server, not a token account.
the swap itself
nothing is signed, sent or broadcast. no chain transaction, ever.
fees
network, priority and rent costs are modelled from config.
Fees

the fees, exactly.

read from the server config this page was rendered with: the exact amounts paper fills are charged, nothing estimated.

network feeevery fill
0.000005 SOL
priority feeevery routed fill
0.0001 SOL
token-account rentcharged when you open a position, refunded when you fully exit
0.00203928 SOL
minimum paper buy
0.01 SOL
default slippage toleranceadjustable per trade
5%

Pool and route fees are part of the live quote itself, so they are already inside your average fill price.

0.5 SOL
network + priority fee
0.000105 SOL
token-account rent (refunded when you fully exit)charged on the first buy of a token only
0.00203928 SOL
fixed costs as % of this buy
0.43%
after the rent refund
0.021%

Price impact and slippage come from the live quote when you trade. We never estimate them here.

Ranking

how ranking works.

SOL return on capital, valued at what you could actually exit for. rules are versioned; every snapshot records the version it used.

return on capital, in SOL

P&L divided by the capital your runs started the window with. SOL is the unit, so the SOL/USD price never moves a rank.

open bags: lower of cost or exit

Unrealized gains don't count until you sell. Unrealized losses count now. A position with no exit route is worth 0.

who qualifies

  • 5 closed trades today, 10 for 7d / 30d / all time
  • 3 or more different tokens
  • 2 SOL or more of paper volume
  • 1 SOL or more of starting capital

snapshots

The board is recomputed at most every 5 minutes. Movement compares against an earlier snapshot, not the last one.

integrity checks

Gains from fills that executed far better than the displayed price (50% or more) are excluded. Returns of 900%+ in under 10 minutes are reviewed.

buy limits

Paper buys need $5,000+ of liquidity and a quote with at most 25% impact. Trades under 0.01 SOL count for P&L but not to qualify.

rules leaderboard-2026.10.1 · platform platform-2026.10.1

Receipts

receipts you can check.

  1. 01

    written once

    Every fill is stored once. The database refuses edits and deletes on recorded trades.

  2. 02

    hashed

    Each fill's record (side, amounts, quote, prices, time) is hashed with SHA-256, together with the hash of the fill before it in the same run.

  3. 03

    chained

    So a run is a chain: changing, reordering or deleting any past fill breaks every hash after it.

  4. 04

    re-checked

    Every receipt page recomputes the hash and the link to the previous fill, and shows whether both check out.

FAQ

questions, answered.

is any real money involved?
No. Every balance on Trenchly is paper SOL. There is nothing to connect and nothing to fund, and no transaction is ever signed or broadcast.
why did my fill differ from the price on the board?
Board prices are displayed market data. Your fill is the average price of a live executable quote for your exact size, after the route's price impact and pool fees. The receipt shows both.
what happens when I reset?
Every open position is closed at a fresh exit quote first (or written off at zero if no route exists), then a new run starts with fresh paper SOL. Losses stay on your record.
why am I not on the leaderboard?
You need enough closed trades, tokens and volume in the window to qualify. The exact bar is in how ranking works.
can I trade any token?
Any Solana token with an executable route. Paper buys need at least $5,000 of liquidity and a quote with at most 25% price impact; sells are never blocked when a route exists.
is this financial advice?
No. Trenchly is a practice tool. Paper results are estimates from live quotes, not a promise of what a real trade would get.
How it works · Trenchly