perpd
Live Hyperliquid prices

Trade perps on our capital.

Pass one evaluation on the live Hyperliquid book. Keep 85% of what you make, rising to 90% after your first payout.

Funded up to
$100,000
Profit split
up to 90%
Leverage
up to 10x
B
BTC-USDPerpetual
Mark-
24h-
Funding-
Profit target · example$2,960 / $4,500
$50K Core 1-Step$1,540 to pass
Payout sentExample · USDT
+$2,140.50
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Perps on Hyperliquid

Pass once. Trade our capital.

One payment, no time limit and no minimum trading days. The rules you start under are frozen to your account.

  1. Step 1

    Pick a challenge

    Four routes to funding from $500 to $100K, or start on a free $10K trial to learn the desk.

  2. Step 2

    Hit the target inside the rules

    Trade BTC, ETH, SOL and every listed perp. Stay above the daily loss floor and the static drawdown floor.

  3. Step 3

    Get funded and paid

    Pass and a funded account of the same size opens automatically. Request payouts in USDT to your own wallet.

Challenges

Choose your route.

Compare every size
Not ready to pay? Trade a $10K trial for free.Same live prices and risk engine, Core rules, no payouts.
Start free trial
The rulebook

Three numbers. Always on screen.

Every rule is a live meter on your desk, so you know your room before you size a trade. Breaches are checked on every mark update.

  • 9%Profit target on Core. Closed balance, no open positions, no time limit.
  • 3%Daily loss limit. The floor resets at 00:00 UTC.
  • 4%Max drawdown from your starting balance. Static, never trailing.
Read the full rulebook
$10K Core 1-StepExample
Profit target$666.00 / $900.00
74%$234.00 to pass
Daily loss room$267.58 left
floor $9,700.00resets 00:00 UTC
Max drawdown room$400.00 left
floor $9,600.00static
The desk

The real book. None of your money.

Market orders walk the live Hyperliquid order book. Limits fill only when the market trades through them. Funding is charged and paid hourly at the venue's rate.

Open the terminal
  • Real fillsSpread, depth and slippage from the live book.
  • Venue fees0.045% taker · 0.015% maker
  • Hourly fundingAt Hyperliquid's own rate.
  • Cross marginOne margin pool, with TP and SL on mark.
  • Every marketCrypto, plus stocks, indices and commodities.
  • Stale-feed guardOrders pause if a price goes stale.
Payouts

Every payout comes with proof.

Funded traders are paid in USDT to their own wallet. Each payout issues a certificate with a public link and QR code that anyone can check against our records.

  1. Request
  2. Review
  3. USDT sent
Sample perpd payout certificate
FAQ

Before you start.

More in the full FAQ and the rulebook.

Is this real trading?

You trade a simulated account. Prices, depth and funding come from the live Hyperliquid order book, so results reflect real market conditions. Payouts to funded traders are real.

Do I deposit my own capital?

No. You pay a one-time challenge fee and never deposit margin.

What leverage can I use?

Up to 10x on BTC, ETH and SOL, 5x on other majors and 2x elsewhere, never above Hyperliquid's own limit for the market.

What happens if I break a rule?

The account fails, open orders are cancelled and positions are closed against the live book. Every breach is recorded with the prices and floors the risk engine used.

Is there a time limit?

No time limit and no minimum trading days on evaluations. Hit the target with no open positions and you pass.

Get perpd.

Long or short, it is the same account. Pass once and trade our capital.