Who is paid, and when

At the end, every trade closes and the wallet pays out in a fixed order: the Backer’s money, the Backer’s bonus, Arlo’s share, then the Trader. Nobody can change the order.

The order

The wallet pays from the bottom up. Each person is paid in full before the next gets anything. Drag the wallet’s final value, or press Pay it out.

Pick any ending and see who gets what. This is an example, and it leaves out trading costs.

Wallet at the end	Backer	Arlo	Trader
$3,300, up 10%	$2,120	$30	$1,150
$3,000, flat	$2,120	$30	$850
$2,200, trading stopped	$2,120	$30	$50
$2,150	$2,120	$30	$0
$2,060	$2,060	$0	$0
$1,900	$1,900	$0	$0

At $2,060 the Backer gets their $2,000 back and $60 of the bonus. At $1,900 they lose $100 of their money. Both endings sit below the line, so they happen only if trades close past it in a fast market.

When the payout happens

An Arlo ends when its 30 days are up, when the Trader ends it, or when the wallet falls to the line. Then no new trade can open, and every open trade closes.

The payout runs once every trade has closed and the money is back from GMX. It never runs on a guess: if money is still on its way, it waits. Once the Arlo has ended, anyone can start the payout. The code does the maths, so it pays the same whoever starts it.

Up to 30 days is the trading time, not a promise of when cash arrives. If GMX or Arbitrum stops, the payout waits until they are back.

Where the money goes

The Backer’s share goes to the wallet they paid in from. Arlo’s share goes to Arlo’s treasury. The Trader’s share goes to the Trader’s wallet. The code fixes all three when the Arlo starts, and nobody can send the money anywhere else.

If trades are closed for you

If trades are still open when an Arlo ends, a closing service closes them at the market’s price then. That costs a network fee.

Arlo pays that network fee. Nothing is taken from the Trader’s share for it, and the Backer is paid first as always.
Before an Arlo starts, Arlo sets aside the money to close its trades. If that fund needs topping up, new Arlos wait. Places keep their spot in line.
There is no charge for the service itself.
If the Trader closes every trade before the end, there is nothing to close.

Your receipt

Every finished Arlo has a receipt. It shows how the cash you got back was worked out, line by line, beside the cash itself.

Point at a line to see where it comes from. Example figures.

Trading result before costs: What your trades made or lost on price alone.
Trading costs: GMX’s fees to open and close, borrowing, and price impact on big orders.
Network cost of closing: What closing trades for you cost: spent, less refunds. Arlo covers all of it, and the receipt shows the amount.
Arlo fee paid: $150 when it is paid in full: the Backer’s $120 bonus and Arlo’s $30 share.
Cash change: What came back, less what you put in.

A trade can show a gain on price and still leave you with less cash, once costs and the fee are paid. The receipt shows both, side by side, so nothing hides behind a single number.

If the wallet comes up short

If the wallet holds less than $2,150 at the end, the order decides who loses. The Trader’s share is gone first. Then Arlo’s share, then the Backer’s bonus, then the Backer’s money. Nobody tops it up, and the Trader owes nothing.