Selecting an automatic metric that best emulates human judgments is often non-trivial, because there is no clear definition of "best emulates." A meta-metric is required to compare the human judgments to the automatic metric judgments, and metric rankings depend on the choice of meta-metric. We propose Soft Pairwise Accuracy (SPA), a new meta-metric that builds on Pairwise Accuracy (PA) but incorporates the statistical significance of both the human judgments and the metric judgments. SPA allows for more fine-grained comparisons between systems than a simplistic binary win/loss, and addresses a number of shortcomings with PA: it is more stable with respect to both the number of systems and segments used for evaluation, it mitigates the issue of metric ties due to quantization, and it produces more statistically significant results. SPA was selected as the official system-level metric for the 2024 WMT metric shared task.