Akuna Capital Interview Process & Prep
Akuna is a Chicago-based options market maker known for an interview that leans into trading instinct. The loop opens with an online assessment, then runs a distinctive live trading / market-making game (make markets, manage inventory, react to fills), alongside probability, expectation, and brain-teaser rounds. Engineers add coding. The bar is fast mental math and genuine market-making sense.
The Akuna Capital interview funnel
1. Online Assessment
Timed - math + codingA timed online assessment covering quantitative/probability questions and (for engineering) coding. Speed and accuracy both matter.
2. Round 3 — Recorded Video Game Round
Recorded video interview - timed letter-wager gameAkuna's round 3 for traders is a recorded video interview built around one fast game: a 13-row letter matrix where a randomly drawn winner row sets every letter's value (its row minus the winner's row), and each timed question asks you to price or pick signed letter wagers. Boards get staggered, disguised as symbols, holed, or mostly hidden; several questions quiz your memory of earlier boards and of your own picks. You answer on camera under a 20-90 second countdown per question. Our simulator below replicates the full flow with two warm-up examples first, then the real 23-question run - boards reshuffle every attempt.
3. Probability & Mental Math
45-60 min - videoThe core quant rounds: probability, expectation, combinatorics, and fast mental math, with follow-ups. Dice, coins, and card EV classics are common.
4. Brain-Teasers & Game Theory
45-60 min - videoBrain-teasers, game theory, and decision-under-uncertainty problems -- bet sizing, fair value, and simple equilibria, plus the occasional Markov/stochastic setup.
5. Onsite - Hardest Rounds
Final rounds - the toughest reported problemsThe hardest reported Akuna problems across every topic -- the ones most likely to separate candidates at the final stage. (These are the hard-rated problems; the earlier rounds cover the easy/medium set, so nothing here repeats.)
Akuna Capital interview — FAQ
What is the Akuna Capital interview process?
Akuna is a Chicago-based options market maker known for an interview that leans into trading instinct. The loop opens with an online assessment, then runs a distinctive live trading / market-making game (make markets, manage inventory, react to fills), alongside probability, expectation, and brain-teaser rounds. Engineers add coding. The bar is fast mental math and genuine market-making sense. The loop runs 5 stages: Online Assessment, Round 3 — Recorded Video Game Round, Probability & Mental Math, Brain-Teasers & Game Theory, Onsite - Hardest Rounds.
How many rounds does Akuna Capital have?
5 stages in total, starting with the Online Assessment and ending with the Onsite - Hardest Rounds.
How do I prepare for the Akuna Capital interview?
Work the stage notes above, then drill the Akuna Capital interview-questions set and the Akuna Capital online-assessment practice — each problem has a full worked solution.