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. Live Trading / Market-Making Game
Interactive - make markets in real timeAkuna's signature round: a live market-making game. You quote two-sided markets, get filled by a counterparty, manage your inventory, and update as new information arrives -- all under time pressure. It tests real trading instinct, not memorized formulas. (An interactive version of this game is planned for QuantVault.)
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, Live Trading / Market-Making Game, 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.