# Introduction
HYPERPNL introduces onchain prop trading, where capital allocation and payouts are controlled by code, not by companies.
***
What if Michael Burry shorted the market with his own savings? What if the world’s best traders never had access to external capital, just their own? Would they have built empires, or burned out chasing risk they didn’t need to take?
***
The truth is simple: great traders shouldn't need to risk everything they own.
>
And that’s exactly why funded trading was created:
>
>
"to fund talented traders"
# Prop Trading 101
Funded trading is simple. You trade on a demo account, prove your skill by passing trading challenges, and then get access to real capital.
Once you’re funded, you keep 80% of your profits while trading with someone else’s money, not your own. It’s how skilled traders scale without risking their savings.
Less risk, more capital, more profits.
{% stepper %}
{% step %}
### **Choose a challenge account**
Pick your challenge type, account size, pay a small one-time entrance fee, and start trading.
* 2-Phase Challenge: two evaluation phases, higher drawdown limits
* 1-Step Challenge: single evaluation phase, faster path to funding
> Account sizes range from $1,000 up to $100,000.\
> Pricing varies by account size. Please check our website for current prices.
> {% endstep %}
{% step %}
### **Pass the challenge**
To become a funded trader, you need to reach a profit target on your demo account without breaking any loss rules. How you get there depends on which challenge type you chose.
> **2-Phase Challenges:**
>
> * **Phase 1:** 10% profit target
> * **Phase 2:** 5% profit target
>
> without exceeding the **5% daily loss** or the 9**% maximum drawdown**
> **1-Phase Challenges:**
>
> * **Phase:** 10% profit target
>
> without exceeding the 3**% daily loss** or the 5**% maximum drawdown**
> {% endstep %}
{% step %}
### **Withdraw 80% of your profits**
After completing challenge phases, you become a funded trader.\
You trade with funded capital and keep 80% of the profits you generate. Withdrawals are executed directly, transparently, and on-chain.
{% endstep %}
{% endstepper %}
# HYPERPNL: Onchain Prop Trading
HYPERPNL is a onchain protocol for prop trading.
Traders move from evaluation to funded trading by following predefined rules encoded into the protocol. Challenges, phase progression, and result evaluation are handled automatically, without manual reviews or discretionary decisions.
Traders start in a simulated environment. When the required conditions are met, access to funded capital is unlocked. Funding and payouts are executed by smart contracts.
**HYPERPNL is protocol infrastructure, not a traditional prop firm. Rules are public, outcomes are verifiable on-chain, and funded trading runs as software, not as an organization.**
# Why HYPERPNL
Traditional prop trading firms have serious problems:
Delayed payouts, pointless interviews, hidden rules, unfair breaches, random bans, limited trading assets, high spreads, and excessive fees.
We’re rebuilding the system from the ground up with blockchain technology. Built a **transparent and fully automated funded trading protocol.**
## Why traders choose HYPERPNL
Cover image
Automated system
No manual reviews, no human intervention. From challenge verification to payout, every step is handled by smart contracts.
# How to Start
You can log in to HYPERPNL in two simple ways.
Choose the option that feels most comfortable for you.
#### Option 1: Login with Email (Simplest Way)
This is the easiest and most straightforward way to get started.
**Steps**
1. Enter your email address
2. Check your inbox
3. Enter the verification code
4. You are logged in
That’s it.
When you log in with email, the system sets everything up automatically and you can start using the platform right away.
***
#### Option 2: Login with Your Crypto Wallet (For Crypto Users)
This option is for users who already use a crypto wallet (such as MetaMask, Brave, Rabby).
**Steps**
1. Click **Connect Wallet**
2. Select your wallet from the list
3. Approve the connection in your wallet
4. Sign a message to confirm ownership
Once the signature is approved, you are logged in.
# How to Become a Funded Trader
To trade with funded capital, you first complete a challenge.
A challenge is a short evaluation phase where you trade under clear and fixed rules to show consistency and risk control.\
The goal is not speed or aggressive trading, but discipline.
### Evaluation Flow (2-Step Challenges)
Complete two evaluation phases to become funded
When you purchase a challenge, a demo trading account is created for you.\
You start in **Phase 1**.\
After completing Phase 1 successfully, you move to **Phase 2**.
{% @mermaid/diagram content="flowchart LR
T\[Trader]
```
subgraph Challenge
direction LR
P1[Phase 1]
P2[Phase 2]
end
FT[Funded Trader]
W[Withdrawal 80% Profits]
F[FAILED]
T -->|buy challenge| P1
P1 -->|+10% profit| P2
P2 -->|+5% profit| FT
FT -->|any profit| W
W -->|continue trading| FT
P1 -.->|rule break| F
P2 -.->|rule break| F
FT -.->|rule break| F
F -->|start from scratch| T
```
classDef phase fill:#fbbf24,stroke:#b45309,color:#000;
classDef funded fill:#4ade80,stroke:#166534,color:#000;
classDef failed fill:#f87171,stroke:#7f1d1d,color:#000;
classDef rules fill:#e5e7eb,stroke:#374151,color:#000;
class P1,P2 phase
class FT,W funded
class F failed
class R,R1,R2,R3 rules
" %}
### Evaluation Flow (1-Step Challenges)
Complete a single evaluation phase to become funded.
When you purchase a challenge, a demo trading account is created for you.\
You complete one phase and go directly to funded trading.
{% @mermaid/diagram content="flowchart LR
T\[Trader]
subgraph Challenge
direction LR
P1\[Phase 1]
end
FT\[Funded Trader]
W\[Withdrawal 80% Profits]
F\[FAILED]
T -->|buy challenge| P1
P1 -->|+10% profit| FT
FT -->|any profit| W
W -->|continue trading| FT
P1 -.->|rule break| F
FT -.->|rule break| F
F -->|start from scratch| T
classDef phase fill:#fbbf24,stroke:#b45309,color:#000;
classDef funded fill:#4ade80,stroke:#166534,color:#000;
classDef failed fill:#f87171,stroke:#7f1d1d,color:#000;
class P1 phase
class FT,W funded
class F failed" %}
You trade on the demo account until you either complete both phases or break a rule.
Each challenge phase includes:
* A profit target
* Loss limits
* Predefined trading rules
If you complete both phases without breaking any rules, you become a funded trader.\
If a rule is broken at any point, the challenge ends automatically.
# Evaluation Rules
These rules define what you need to pass each phase and what will cause a challenge failure.\
Your account is evaluated using both balance and equity. If either one breaches a limit, the challenge ends automatically.
* **Balance** is the value of your account after all closed trades.\
It does not change while a trade is still open.
* **Equity** is the real-time value of your account.\
It includes both your balance and the profit or loss from open positions.
# 1-Step Challenges
#### **Profit Target (10%)**
The profit target is the goal you need to achieve to pass each phase of the challenge.
* Your profit target is 10%.
You will pass the challenge and be eligible for a funded account once you reach the profit target without violating any of our other rules.
{% hint style="info" %}
When your equity reaches the profit target, all open positions are automatically closed by the system.
You are then moved to the next phase immediately.
This happens automatically and does not require any manual action.
{% endhint %}
#### **Max Drawdown (5% - static)**
The max drawdown is the total amount your account's balance or equity can drop from its starting value.
* The maximum loss limit for your account is 9%.
{% hint style="info" %} **Example:**
Your account will be automatically closed if your balance or equity drops below $91,000 on a $100,000 account.
{% endhint %}
#### **Max Daily Drawdown (3%)**
The maximum daily drawdown limit is not fixed to the initial account balance. It is recalculated each day at 00:00 UTC based on your account’s equity at that time. The limit does not move intraday and only updates at the next daily reset.
{% hint style="info" %} **Example: Max Daily Drawdown Calculation**
You have a $100,000 account with a 3% daily drawdown limit.
**Day 1**
* Your daily drawdown limit is 3% of $100,000 = $3,000
* Your equity or balance must not fall below $97,000 during the day.
\
During the day, you make profits and at 00:00 UTC,
* Equity is $103,000
* The system takes $103,000 as the new reference value.
\ **Day 2**
* Your daily drawdown limit becomes 3% of $103,000 = $3,090.
* Your equity or balance must not fall below $99,910 during Day 2.
{% endhint %}
#### **No Additional Rules**
Multiple accounts, copy trading not allowed. Other than this,\
\
Only the rules listed on this page apply.
There are:
* No consistency rules
* No maximum risk per trade rules
* No hidden or discretionary conditions
You can trade freely within the defined profit targets and drawdown limits.
If a rule is not written here, it is **not enforced**.
# 2-Step Challenges
#### **Profit Target (Phase 1: 10% - Phase 2: 5%)**
The profit target is the goal you need to achieve to pass each phase of the challenge.
* In Phase 1, your profit target is 10%.
* In Phase 2, your profit target is 5%.
You will pass the challenge and be eligible for a funded account once you reach the profit target in each phase without violating any of our other rules.
{% hint style="info" %}
When your equity reaches the profit target, all open positions are automatically closed by the system.
You are then moved to the next phase immediately.
This happens automatically and does not require any manual action.
{% endhint %}
#### **Max Drawdown (9% - static)**
The max drawdown is the total amount your account's balance or equity can drop from its starting value.
* The maximum loss limit for your account is 9%.
{% hint style="info" %} **Example:**
Your account will be automatically closed if your balance or equity drops below $91,000 on a $100,000 account.
{% endhint %}
#### **Max Daily Drawdown (5%)**
The maximum daily drawdown limit is not fixed to the initial account balance. It is recalculated each day at 00:00 UTC based on your account’s equity at that time. The limit does not move intraday and only updates at the next daily reset.
{% hint style="info" %} **Example: Max Daily Drawdown Calculation**
You have a $100,000 account with a 5% daily drawdown limit.
**Day 1**
* Your daily drawdown limit is 5% of $100,000 = $5,000
* Your equity or balance must not fall below $95,000 during the day.
\
During the day, you make profits and at 00:00 UTC,
* Equity is $103,000
* The system takes $103,000 as the new reference value.
\ **Day 2**
* Your daily drawdown limit becomes 5% of $103,000 = $5,150.
* Your equity or balance must not fall below $97,850 during Day 2.
{% endhint %}
#### **Min Profitable Days (2 Days / 3 Days)**
The minimum profitable days rule has been fixed. Traders must achieve at least 0.5% profit on 2 days in Phase 1 and 3 days in Phase 2.
* The 0.5% target is calculated based on the initial account balance. (e.g., for a $10,000 account, the threshold is always $50)
* Both realized (closed trades) and unrealized PnL (open positions) are included in the day’s calculation.
* Realized PnL is counted on the day the trade is closed, not when it is opened.
A day is considered “profitable” only if your total PnL for that day reaches at least +0.5% of the initial balance at any point during that day.
However:
* Unrealized PnL (open positions) only counts for the current day
* If profits are not realized, they do not carry over to previous days
* When the day changes, unrealized PnL resets in terms of daily tracking and is considered for the new day instead
{% hint style="info" %} **Example 1: Unrealized profit not closed**
* Initial balance: $10,000 → threshold: $50
* You need 3 profitable days, currently have 1
* Today your open position reaches +$60 unrealized PnL
* You do not close the position today
\ Result:\
This day will NOT count as a profitable day in later evaluation, since the profit was not realized within the day.
{% endhint %}
{% hint style="info" %} **Example 2: Reaching threshold with an open position**
* Initial balance: $10,000 → threshold: $50
* You need 3 profitable days, currently have 2
* Your position reaches +$50 unrealized PnL during the day
Result:\
This day counts as a profitable day immediately.\
To make the process seamless, the system automatically closes your position once the required conditions are met and moves you directly to the next phase. This removes the need for manual action and ensures you don’t lose qualification due to market fluctuations.
{% endhint %}
{% hint style="info" %} **Example 3: Overnight trades**
* You open a trade yesterday and close it today
Result:\
The PnL is counted for today, since that is when it is realized.
{% endhint %}
#### **No Additional Rules**
Multiple accounts, copy trading not allowed. Other than this,\
\
Only the rules listed on this page apply.
There are:
* No consistency rules
* No maximum risk per trade rules
* No hidden or discretionary conditions
You can trade freely within the defined profit targets and drawdown limits.
If a rule is not written here, it is **not enforced**.
# Payouts
Once you become a funded trader, you can withdraw the profits you generate while trading on your funded account.
As a funded trader, you keep 80% of the profits you make.
To request a payout:
* You must be trading on a funded account
* Your account must be in at least 1% profit
* All drawdown limits must be respected
Payouts are executed instantly by the system once you request it.\
There are no manual reviews or approval steps.
All payout logic is transparent and rule-based.
# Assets
HYPERPNL uses [Hyperliquid](https://hyperliquid.xyz/) as the source for all crypto assets and some non-crypto assets, and uses [Ostium](https://ostium.com/) as the source for certain other non-crypto assets.
All prices and order book data are sourced directly from Hyperliquid and Ostium. HYPERPNL does not generate synthetic prices or modify market data.
#### Supported Asset Types
**Crypto**\
Crypto assets are traded through Hyperliquid’s native crypto markets, using the same pricing and liquidity available on Hyperliquid.
**Non-Crypto Assets**\
Non-crypto assets (forex, indices, stocks, and commodities) are sourced from two venues depending on the asset:
* **Hyperliquid HIP-3 Markets** — Certain index, stock, and commodity markets are traded using Hyperliquid HIP-3 markets. HIP-3 defines standardized market structures that allow non-crypto assets to be traded with on-chain price feeds.
* **Ostium** — Other forex, index, stock, and commodity markets are sourced from Ostium, using its on-chain price feeds and liquidity.
#### Trading Limits
Each asset type has predefined trading limits designed to ensure stable execution.
These include:
* Minimum order size
* Maximum leverage
All limits are fixed and enforced automatically by the system.
#### Order Size and Leverage Reference
Asset Type
Min Order (notional)
Max Order Size
Max Leverage
Crypto
$100
X
Up to 20x
Forex (FX)
$100
X
Up to 50x
Indices
$100
X
Up to 50x
Stocks
$100
X
Up to 20x
Commodities
$100
X
Up to 50x
Exact order size and leverage limits are always visible in the trading interface before placing a trade.
#### Lot Sizes
| Asset Class | 1 LOT Equals |
| ----------- | ---------------------------- |
| Crypto | 1 Base Asset (BTC, ETH etc.) |
| Stock | 1 Share |
| Indices | 1 Index Unit |
| XAU/USD | 100 oz GOLD |
| XAG/USD | 5000 oz SILVER |
| XCU/USD | 25,000 XCU |
| XPD/USD | 100 XPD |
| XPT/USD | 50 XPT |
| EUR/USD | 100,000 EUR |
| GBP/USD | 100,000 GBP |
| AUD/USD | 100,000 AUD |
| NZD/USD | 100,000 NZD |
| USD/MXN | $100,000 |
| USD/CHF | $100,000 |
| USD/JPY | $100,000 |
| WTI/USD | 1,000 Barrels |
| BRENT/USD | 1,000 Barrels |
# Trading Hours
#### Hyperliquid Assets — 24/7
All assets displaying the **Hyperliquid logo** — including all crypto assets and select non-crypto assets — trade **24 hours a day, 7 days a week**.
Because non-crypto assets sourced from Hyperliquid remain open around the clock, they continue trading even during hours when their underlying traditional markets are closed. During these off-hours, users should be aware that **liquidity may be lower** and **spreads may widen**, as there is no direct connection to the underlying market's active trading session.
#### Ostium Assets — Market Hours Apply
Non-crypto assets displaying the **Ostium logo** follow the trading hours of their respective underlying markets.
**Commodities**
Market hours generally follow CME/NYMEX futures:\
**Sunday 6:00 PM ET – Friday 5:00 PM ET**, with a daily settlement break.
**Indices**
* **US Indices** (US500, US100, US30): Follow extended futures hours, **Sunday 6:00 PM ET – Friday 5:00 PM ET**.
* **European and Asian Indices**: Follow their respective local exchange hours.
**Forex**
Market hours: **Sunday 5:00 PM ET – Friday 5:00 PM ET** (continuous 24/5).
***
⚠️ **Note:** Outside these hours, Ostium-sourced assets are closed for trading. Always check the asset's logo (Hyperliquid vs. Ostium) to determine whether it trades continuously or follows scheduled market hours.
# Fees
HYPERPNL uses a simple and transparent fee model.\
\
Trading fees depend on the asset type and whether your order is a maker or taker.
#### Trading Fees
| Asset Type | Maker Fee | Taker Fee |
| ------------------------ | --------- | --------- |
| Crypto (Hyperliquid) | 0.015% | 0.045% |
| Non-Crypto (Hyperliquid) | 0.0030% | 0.0090% |
| Non-Crypto (Ostium) | 0.015% | 0.030% |
Non-crypto assets include Forex, Indices, Stocks, and Commodities.
Trading fees are applied automatically when a trade is executed.
# Funding
Funding fees are periodic payments exchanged between traders who hold open positions.
They exist to keep prices aligned with the underlying market by balancing long and short positions. Depending on market conditions, funding fees can be positive or negative.
#### How Funding Works on HYPERPNL
All funding fees on HYPERPNL come directly from Hyperliquid.
* Funding rates are determined by Hyperliquid
* HYPERPNL does not set, modify, or control funding fees
* Funding rates are visible in the trading interface
HYPERPNL simply applies the funding mechanics of the underlying Hyperliquid markets.
For a detailed explanation of how funding rates are calculated and applied, refer to [Hyperliquid’s official documentation](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/funding).
# Orders
**Market Order:** A market order is executed immediately at the best available price in the order book. It is used when you want to enter or exit a position without waiting.
**Limit Order:**A limit order is placed at a specific price. The order will only be executed if the market reaches that price.
**Take Profit (TP):** A take profit order automatically closes your position when a predefined price is reached. It is used to secure profits without manual action.
**Stop Loss (SL):** A stop loss order automatically closes your position if the market moves against you. It is used to limit downside risk.
**Reduce-Only:** Reduce-only ensures that an order can only reduce or close an existing position. It will never increase your position size or open a new position.
#### **Order Duration**
All orders on HYPERPNL are Good Till Cancel (GTC).
This means orders remain active until:
* They are fully executed, or
* You cancel them manually
There are no time-based expirations.
### **Order Book**
The order book used on HYPERPNL comes directly from Hyperliquid. Price levels and liquidity are sourced from Hyperliquid’s live orderbook and order matching follows real market conditions.
Even during simulated trading, orders are matched against the actual Hyperliquid order book.
This design ensures that:
* Demo traders and funded traders trade under the same market conditions
* Trading behavior reflects real execution, pricing, and liquidity
* All traders experience the market as if they were trading in a live environment
The goal is to provide a realistic trading experience without giving any group an artificial advantage.
# Entry Price and PNL
On HYPERPNL, entry price and PnL are shown to help you track your position. The underlying system is based on executed trades, balance, and equity.
When you add to an existing position, the entry price is recalculated as a size-weighted average of your previous entry price and the new trade price. When you reduce or close a position, the entry price remains unchanged.
#### **Unrealized PnL**
Unrealized PnL represents the profit or loss of an open position and is calculated using the mark price.
Position side definition:
$$
\text{side} =
\begin{cases}
1, & \text{for long positions} \\
-1, & \text{for short positions}
\end{cases}
$$
Unrealized PnL formula:
$$
\text{Unrealized PNL}
\= \text{side} \times (\text{mark\_price} - \text{entry\_price}) \times \text{position\_size}
$$
Unrealized PnL updates in real time and does not affect your balance until the position is closed.
#### **Closed (Realized) PnL**
Closed PnL is generated only when a position is reduced or closed.
For opening trades, only trading fees apply.\
For closing trades, closed PnL is calculated as:
$$
\text{Closed PnL}
\= \text{side} \times (\text{mark\_price} - \text{entry\_price}) \times \text{position\_size}
$$
Closed PnL directly updates your account balance. Fees are deducted directly from your account balance and do not affect the PnL of an individual position.
# Positions
A position represents your active exposure in a market.
When you place an order that gets executed, a position is opened.\
Your position remains open until it is fully closed.
You can increase, reduce, or partially close a position at any time.
### **Cross Margin**
All positions use **cross margin**.
This means:
* Your positions share the same account balance and equity
* Profit and loss from one position affects your overall account equity
* Risk limits are evaluated at the account level, not per position
There is no isolated margin per trade.
### **Hedging Rules**
Hedging the **same asset** is not allowed.
You cannot hold both a long and a short position on the same market at the same time.
If you attempt to open an opposite-side position, it will reduce or close your existing position instead.
# Technical Overview
HYPERPNL is built as a modular system where each component has a clearly defined responsibility.
The architecture is designed to remove discretionary control and ensure that trading rules, outcomes, and fund flows are enforced consistently by the system itself.
To achieve this, HYPERPNL combines off-chain execution with on-chain verification.
Trading is handled off-chain for performance and scalability.\
Critical actions such as fund routing, outcome validation, and payouts are enforced on-chain for transparency and trust.
All critical actions are periodically verified and signed by the user.\
These signed confirmations are used to create tamper-proof records, which are anchored on-chain.\
As a result, outcomes can be independently verified and cannot be altered after the fact.
#### **High-Level Structure**
At a high level, the system consists of three main parts:
* **Frontend**\
The user-facing interfaces used to interact with the platform
* **Backend**\
Core backend services responsible for trading execution, monitoring, rule enforcement, and data management
* **Smart Contracts**\
On-chain components that manage fund flows and verify outcomes.
Each part is isolated and communicates through well-defined interfaces.
{% @mermaid/diagram content="flowchart LR
subgraph Market\["Market"]
HL\[Hyperliquid]
end
subgraph App\["HyperPNL App"]
direction TB
FE\[Frontend]
BE\[Core Backend]
BE\_DESC\[User trading happens here]
end
subgraph Chain\["Smart Contracts"]
PR\[Payment Router]
PT\[Payout Treasury]
DR\[Data Recorder]
end
%% Market data
HL -->|market data| App
%% Purchase flow
FE -->|challenge purchase| PR
PR -->|payout allocation| PT
PR --> REV\[Protocol Revenue]
PR --> REF\[Referral Fee]
PR -->|purchase confirmed| App
%% Trading & outcome
BE -->|outcome summary| FE
BE --> BE\_DESC
FE -->|user verified outcome| DR
DR -->|payout authorization| PT" %}
# Core Backend
This section explains how trading actions are executed, how accounts are monitored, and how data moves through the system from trade execution to final outcome.
The focus is on ensuring that trading follows real market conditions while rule enforcement remains automatic and consistent.
# Market Data Sources
All market data used by HYPERPNL comes directly from Hyperliquid.
Prices and order book updates are consumed in real time through Hyperliquid’s WebSocket feeds. This includes best bid and ask prices, order book depth, and mark price updates.
HYPERPNL does not generate prices, smooth data, or introduce synthetic spreads. If the market moves on Hyperliquid, the same movement is reflected immediately in the system.
{% @mermaid/diagram content="graph LR
subgraph HLQ\["Hyperliquid"]
WS\[WebSocket]
end
subgraph MD\["Market Data"]
direction TB
LOB\[Live Order Book]
MP\[Mark Price]
end
subgraph APP\["HyperPNL App"]
direction TB
FE\[Frontend]
BE\[Core Offchain Engine]
end
HLQ --> MD
MD --> APP" %}
#### **Live Order Book Data**
The Core Offchain Engine continuously listens to Hyperliquid’s live order book.
This order book is used as the single source of truth for evaluating whether orders can be matched, determining available liquidity at each price level, and calculating slippage based on real market depth.
No intermediate pricing layer is used.
#### **Mark Price Usage**
In addition to the raw order book, the system also consumes the mark price.
The mark price is used for unrealized PnL calculation, equity updates, and risk and drawdown evaluation. Execution decisions are based on the order book, while account state is evaluated using the mark price. These roles are intentionally kept separate.
HYPERPNL does not create internal prices, delay market updates, apply execution adjustments, or modify order book data.
Market data is sourced and applied as-is.
#### **Why This Matters**
Because all market data is sourced directly from Hyperliquid, demo and funded traders see the same prices, execution reflects real market conditions, and outcomes cannot be influenced by internal pricing logic.
The Core Offchain Engine reacts to the market. It does not control it.
# Order Matching
Order matching in HYPERPNL is handled by the Core Offchain Engine using live order book data from Hyperliquid.
When a user places an order, it is evaluated against the current market state, including real-time bid and ask levels and available liquidity.
#### **Matching Against Real Liquidity**
Orders are matched based on the exact depth of the live order book.
Execution conditions come entirely from the external market:
* Real price levels
* Real available liquidity
* Real market timing
The Hyperliquid order book itself is not modified, and no external liquidity is consumed.
#### **Internal Execution**
Once matching conditions are met, the trade is executed internally within HYPERPNL’s backend.
This allows the system to reflect real market behavior without sending orders to the external venue.\
Both demo and funded traders are evaluated using the same matching logic.
#### **Partial Fills and Slippage**
If liquidity at a given price level is insufficient, orders may be partially filled.
Slippage is a natural result of order size, order book depth, and market movement.\
There are no artificial fills or hidden adjustments.
#### **Order Behavior**
The matching engine supports market, limit, take-profit, and stop-loss orders.
All orders are good-till-cancel and reduce-only constraints are enforced where applicable.
# Trade Simulation
Once an order is matched, the trade is fully simulated inside HYPERPNL’s backend.
The simulation updates the trader’s account state deterministically, using the execution result produced by the matching engine.
#### **Position Updates**
Each executed trade updates:
* Position size
* Average entry price
* Open exposure
If a position is increased, the entry price is recalculated as a size-weighted average.\
If a position is reduced or closed, the original entry price is preserved for PnL calculation.
#### **Cross Margin Model**
HYPERPNL uses a **cross margin** model.
All positions within the same account share the same margin and equity.\
There is no isolated margin per position and no liquidation engine.
Risk is managed through predefined drawdown rules rather than forced liquidations.
#### **Partial Closes and Reductions**
When a position is partially closed:
* Realized PnL is applied immediately
* Remaining position continues with the same entry price logic
Reduce-only rules are enforced to prevent unintended exposure increases.
#### **Consistent Simulation**
The same simulation logic applies to both demo and funded accounts.
There are no relaxed rules or alternate paths based on account type or phase.
# Fee, Funding and PnL Calculation
All trading-related calculations in HYPERPNL are performed internally by the Core Offchain Engine.
Fees, funding, and PnL are calculated deterministically using execution results and market data sourced from Hyperliquid. No values are estimated or adjusted manually.
#### **Trading Fees**
Trading fees are applied at execution time based on the order type.
Maker and taker fees are calculated directly from the executed trade size and applied immediately to the account state.\
There are no hidden spreads or additional execution fees.
#### **Funding**
Funding reflects the cost of holding a position over time.
Funding rates are sourced from the market and applied periodically based on the trader’s open positions.\
Funding is accounted for separately from trading fees and PnL and directly affects account equity.
#### **PnL Calculation**
PnL is derived from executed trades and current market prices.
* **Unrealized PnL** is calculated using the mark price and the position’s entry price
* **Realized PnL** is applied when positions are reduced or closed
PnL values are computed continuously and reflected in account equity in real time.
#### **Equity and Balance Updates**
Account equity is updated as a combination of:
* Balance
* Unrealized PnL
* Funding effects
These updates are used for drawdown checks and rule enforcement throughout the trading lifecycle.
# Determinism and Fairness
HYPERPNL is designed so that the same inputs always produce the same outcomes.
All trading actions are evaluated deterministically using:
* The same market data
* The same matching logic
* The same calculation rules
There are no discretionary decisions or conditional paths based on user type.
#### **Same Conditions for Every Trader**
Demo traders, challenge participants, and funded traders all operate under identical execution conditions.
The system does not:
* Apply different slippage models
* Modify execution behavior by account type
* Adjust calculations based on user history
If two traders place the same order under the same market conditions, the result is the same.
#### **Predictable Outcomes**
Because execution and evaluation are deterministic:
* Trading behavior is predictable
* Rules are applied uniformly
* Outcomes can be reasoned about and verified
This ensures that performance is determined by trading decisions, not by system behavior.
# Smart Contracts
Smart contracts are used in HYPERPNL to enforce trust where off-chain execution alone is not sufficient.
Trading is executed off-chain for performance, but fund movements and final outcomes are enforced on-chain. This ensures that critical actions cannot be altered or overridden manually.
HYPERPNL uses three core smart contracts:
* **Payment Router**\
Handles challenge purchases and routes incoming funds according to predefined rules.
* **Payout Treasury**\
Holds payout liquidity and executes trader payouts based on verified outcomes.
* **Data Recorder**\
Records user-verified commitments and final challenge outcomes as immutable on-chain data.
At defined points, outcomes are verified through user signatures and recorded by the Data Recorder.\
Payouts can only be executed if the recorded outcome authorizes them.
HYPERPNL’s trust model relies on enforceable contracts and public verification, not discretionary control.
# Payment Router
The Payment Router is the entry point for all challenge purchases on HYPERPNL.
When a user purchases a funded account, the payment is sent directly to the Payment Router smart contract. This contract determines how the funds are split and where they are allocated.
#### **Payment Split**
Each purchase is split into three possible parts.
1. **Payout Reserve**\
Funds reserved to cover future trader payouts.
2. **Protocol Revenue**\
Revenue allocated to the protocol for long-term sustainability.
3. **Referral Fee**\
A share paid to the referrer if the user was referred by another user.
If no referrer exists, the referral portion is not applied.
{% @mermaid/diagram content="flowchart LR
U\[User Purchase] --> PR\[Payment Router]
```
PR --> PT[Payout Reserve]
PR --> REV[Protocol Revenue]
PR --> REF[Referral Fee]
```
" %}
#### **Dynamic Allocation via Payout Stress Factor (PSF)**
The allocation between the Payout Treasury and Protocol Revenue is not fixed.
It is determined dynamically using the **Payout Stress Factor (PSF)**, which reflects the health of the payout reserves relative to expected obligations.
As the payout treasury grows and the system becomes safer, a larger portion of incoming payments is redirected from the treasury to protocol revenue.
#### **Payout Stress Factor Thresholds**
The protocol is considered **Safe** when **PSF > 4** and **Super Safe** when **PSF > 8**.
$$
\text{Predicted Payout}
=======================
\left(
N\_{p1} \cdot \pi\_{p1}
\+
N\_{p2} \cdot \pi\_{p2}
\+
N\_{f} \cdot \pi\_{f}
\right)
\cdot \bar{\rho}
\cdot C\_{\text{total}}
$$
$$
\pi\_{p1} = \alpha\_{p1} \cdot \alpha\_{p2} \cdot \alpha\_{po}
\quad\quad
\pi\_{p2} = \alpha\_{p2} \cdot \alpha\_{po}
\quad\quad
\pi\_{f} = \alpha\_{po}
$$
$$
\begin{aligned}
N\_{p1} &= \text{Active Phase 1 Traders} \\
N\_{p2} &= \text{Active Phase 2 Traders} \\
N\_{f} &= \text{Active Funded Traders} \\
\alpha\_{p1} &= \text{Phase 1 Pass Rate} \\
\alpha\_{p2} &= \text{Phase 2 Pass Rate} \\
\alpha\_{po} &= \text{Payout Success Rate} \\
\bar{\rho} &= \text{Average Payout Percentage} \\
C\_{\text{total}} &= \text{Total Capital}
\end{aligned}
$$
#### **Allocation Table**
| Payout Stress Factor | Payout Reserve | Protocol Revenue |
| -------------------- | -------------- | ---------------- |
| 0.00 | 100% | 0% |
| 2.00 | 67% | 33% |
| 4.00 | 36% | 64% |
| 6.00 | 20% | 80% |
| 8.00 | 0% | 100% |
# Payout Treasury
The Payout Treasury is the on-chain contract responsible for managing the capital allocated for trader payouts and protocol operations.
Funds allocated to the treasury come from challenge purchases routed through the Payment Router. These funds are governed entirely by smart contract logic.
#### **Treasury Usage**
Capital held in the Payout Treasury serves three purposes.
1. **Trader Payouts**\
The primary purpose of the treasury is to execute payouts for funded traders.\
Payouts are released only after outcomes are finalized and verified on-chain.
2. **Shadow Engine Funding**\
A portion of the treasury is used to fund the Shadow Engine, which mirrors trader activity as part of the protocol’s risk and execution model.\
This ensures that funded trading is backed by real capital under the same market conditions.
3. **Protocol Yield Generation**\
Any excess capital above **PSF = 4** may be deployed into external lending protocols. This allows the system to earn yield while keeping funds available for future payouts if needed.\
\
$$\text{Lending Allocation} = \max\left( \text{Payout Reserve Volume} - 4 \times \text{Predicted Payout}, ; 0 \right)$$
#### **Payout Authorization**
Payouts can only be executed after a challenge outcome is finalized and authorized on-chain.\
If an outcome is not authorized, funds cannot be released.
# Data Recorder
The Data Recorder is the on-chain contract responsible for verifying, finalizing, and immutably recording challenge outcomes.
While trading execution and monitoring happen off-chain, final outcomes are anchored on-chain through the Data Recorder. This ensures that results cannot be altered, delayed, or overridden after completion.
#### What Gets Recorded
The Data Recorder stores cryptographic records representing the official state of a challenge.
This includes:
* Challenge progress checkpoints
* User-verified commitments
* The final challenge outcome
These records collectively determine whether a payout is authorized.
#### User-Verified Commitments
At defined points during a challenge, the system presents the user with a clear and complete summary of the relevant challenge state.
This summary includes all critical information required to evaluate the outcome, such as performance metrics, rule compliance, and final status.
The user can review this information in full before proceeding.
By signing the commitment, the user explicitly confirms that:
* All displayed information is accurate
* The recorded state correctly reflects their trading activity
* The outcome may be finalized based on this data
The signature serves as explicit user confirmation and is recorded on-chain by the Data Recorder.
This ensures that outcomes are not only system-generated, but also user-reviewed, acknowledged, and verified.
#### Final Outcome and Authorization
Once a challenge is completed, the final outcome is recorded on-chain and becomes immutable.
This on-chain record is the single source of truth used to authorize payouts.\
If the recorded outcome authorizes a payout, the Payout Treasury can execute it.\
If it does not, funds cannot be released.
There is no manual approval process.
#### Immutability and Corrections
The Data Recorder does not allow:
* Editing existing records
* Deleting outcomes
* Retroactive changes
If a correction is ever required, it must be recorded as a new on-chain entry.\
All previous records remain visible and verifiable.
# FAQ
What is HyperPNL?
HyperPNL is an onchain prop trading platform that allows traders to access funded trading accounts by passing an evaluation challenge.
Unlike traditional prop firms, HyperPNL is built on transparent blockchain infrastructure. Trading activity, payouts, and platform operations can be independently verified, removing many of the trust issues commonly associated with the prop trading industry.
HyperPNL combines the familiar prop trading experience with the transparency and accessibility of decentralized finance.
How does HyperPNL work?
Traders purchase an evaluation account and attempt to reach predefined profit targets while respecting risk management rules.
Once an evaluation is successfully completed, the trader receives access to a funded account and becomes eligible to earn a share of generated profits.
Is HyperPNL a prop trading firm?
Yes.
What makes HyperPNL different from other prop firms?
HyperPNL was built to address several common issues found in the prop trading industry:
* Instant payouts
* No consistency rules.
* No hidden rules.
* No account restrictions
* No payout rejections
* News trading allowed
* Publicly verifiable activity
* Access to crypto, forex, commodities, stocks, indices.
Our goal is to create a more transparent and trustworthy environment for traders.
What markets can I trade on HyperPNL?
HyperPNL supports a wide range of markets, including:
* Cryptocurrencies
* Forex
* Commodities
* Stocks
* Indices
Available markets may change over time as additional trading infrastructure is integrated.
Do I trade with real money during the evaluation?
No.
Evaluation accounts are simulated environments designed to assess trading performance and risk management ability before access to a funded account is granted.
What trading platform does HyperPNL use?
HyperPNL uses its own proprietary trading platform built for prop trading.
All trading takes place directly on:
[**app.hyperpnl.com**](https://app.hyperpnl.com)
No third-party platforms or additional software downloads are required.
What is onchain prop trading?
Onchain prop trading combines the funded trading model of traditional prop firms with the transparency and accessibility of blockchain infrastructure.
In a traditional prop firm, traders typically have limited visibility into how payouts are processed, how platform operations are managed, or how decisions are made behind the scenes.
Onchain prop trading aims to improve transparency by leveraging blockchain technology wherever possible. This allows key platform activities, such as payouts and certain operational processes, to be publicly verifiable rather than relying entirely on closed internal systems.
HyperPNL pioneered the concept of onchain prop trading, introducing a new approach that combines modern prop trading with blockchain-based transparency.
By building around this concept, HyperPNL seeks to create a more transparent, trustworthy, and globally accessible prop trading experience.
Are there any restricted countries?
Yes.
For the latest list of restricted jurisdictions, please refer to the Terms of Service.
Do I need to complete KYC to receive payouts?
No. At this time, HyperPNL does not require standard KYC verification for payouts.
However, HyperPNL may introduce identity verification, compliance checks, or additional verification requirements in the future as the platform evolves, regulatory expectations change, or new compliance frameworks are adopted.
HyperPNL's long-term roadmap may also include onchain identity verification solutions designed to support compliance, security, and platform integrity.
# Trust & Transparency
Is HyperPNL legit?
Yes.
HyperPNL is a real prop trading platform with publicly documented trading rules, evaluation criteria, and payout policies.
We believe traders should be able to understand exactly how evaluations work, how risk rules are applied, and how payouts are calculated before participating.
Our goal is to build a more transparent and trustworthy alternative to traditional prop trading models.
Can HyperPNL team deny payouts?
HyperPNL team cannot arbitrarily deny payouts.
Once a trader satisfies all published rules and payout requirements, the payout is processed automatically through smart contracts.
Because payouts are executed by the protocol, HyperPNL team cannot manually intervene, delay, or selectively block eligible payouts.
However, accounts involved in fraud, account sharing, identity fraud, abuse of the platform, sanctions violations, or other prohibited activities described in our Terms of Service may be restricted before becoming eligible for payout. If the system detects such abuse or prohibited activity, it may automatically restrict or block the account. These actions are enforced by the protocol and are not the result of manual payout decisions by HyperPNL team.
Does HyperPNL trade against its users?
No.
HyperPNL actively analyzes the performance of funded traders and selectively copies certain trades through its internal systems.
As a result, successful traders can directly contribute to HyperPNL's profitability. In fact, during our first month of operations, copied trader activity generated approximately 7% profit for the platform.
Because of this, HyperPNL does not rely on traders failing to succeed. On the contrary, consistently profitable funded traders can be a meaningful source of revenue for the platform, creating a strong alignment between trader success and HyperPNL's long-term growth.
How does HyperPNL make money?
HyperPNL generates revenue from evaluation fees paid by traders when purchasing accounts and from capital allocation activities, including copying the trades of selected funded traders.
These two revenue streams support platform operations, trader payouts, and long-term growth.
Can HyperPNL manipulate prices?
No.
HyperPNL does not create proprietary market prices or manually adjust prices to impact trader performance.
Prices displayed on the platform are sourced directly from Hyperliquid and Ostium. Because these are publicly accessible markets, anyone can independently compare the prices shown on HyperPNL with the underlying market data.
Why should I trust HyperPNL?
You do not need to rely on trust alone.
HyperPNL uses smart contracts and automated system rules wherever possible, which means even HyperPNL cannot manually alter certain processes or outcomes.
The goal is simple: trust the system, not promises. Key platform behavior is designed to be transparent, rule-based, and verifiable through code rather than discretionary decisions.
Can HyperPNL change its rules after I purchase an account?
No.
Purchased accounts are locked to the rule set that was active at the time of purchase. HyperPNL does not allow rule changes to be applied retroactively to existing purchased accounts.
Any future rule changes only affect new account purchases made after those changes take effect.
The main exceptions are platform-wide operational changes such as leverage adjustments, market listings or delistings, exchange-related updates, or similar changes that affect all traders equally.
Can HyperPNL apply different rules to specific traders?
No.
HyperPNL does not support trader-specific rule changes.
Any rule updates that affect active accounts are applied uniformly across all eligible accounts and cannot be customized for individual traders.
Why does HyperPNL want traders to succeed?
The long-term success of HyperPNL depends on attracting and retaining talented traders.
Successful traders contribute trading volume, platform activity, community growth, and future opportunities for copy trading and capital allocation.
Our objective is not simply to sell evaluations, but to build an ecosystem around trader performance.
Why is HyperPNL more transparent than traditional prop firms?
All traditional prop firms operate as closed systems where traders have limited visibility into platform operations, payout processes, and internal decision-making. In many cases, key processes are not automated or publicly verifiable, meaning traders cannot see how decisions are made or how funds are managed. Traders often have no visibility into the firm's payout capacity or the resources available to support withdrawals.
HyperPNL was built around the principles of transparency and verifiability. Core platform processes are designed to operate automatically according to publicly defined rules, without manual intervention or discretionary decision-making by HyperPNL. We provide clear documentation, transparent payout policies, and blockchain-based infrastructure wherever possible, allowing traders to verify how the platform operates through objective systems rather than relying solely on trust.
Our goal is to reduce uncertainty and give traders greater confidence in how the platform operates.
# Evaluations
How many evaluation phases are there?
HyperPNL offers two challenge types:
* 2-Phase Challenge: Two evaluation phases. Traders must complete both phases while complying with all trading and risk management requirements.
* 1-Step Challenge: A single evaluation phase. Traders complete one phase with tighter drawdown limits and qualify for a funded account directly.
What is a HyperPNL evaluation?
A HyperPNL evaluation is a simulated trading challenge designed to assess a trader's profitability and risk management skills.
Traders must achieve predefined profit targets while respecting all risk management rules. Successful traders become eligible for a funded account.
How many evaluation phases are there?
HyperPNL currently uses a two-phase evaluation process.
To qualify for a funded account, traders must successfully complete both phases while complying with all trading and risk management requirements.
What are the profit targets?
2-Phase Challenge:
* Phase 1: 10%
* Phase 2: 5%
1-Step Challenge:
* Phase 1: 10%
Profit targets are calculated based on the starting balance of the account.
Is there a time limit to complete an evaluation?
No.
There is no time limit on accounts.
Is there a minimum profitable day requirement?
For 1-Step challenges, there is no minimum profitable day requirement.
For 2-Phase challenges, yes:
* Phase 1: Minimum 2 profitable days
* Phase 2: Minimum 3 profitable days
A profitable day is defined as a trading day that closes with at least 0.5% profit based on the account's starting equity at that day.
There is no minimum profitable day requirement for funded accounts.
Once the profit target, minimum profitable day requirement, and all risk management rules have been satisfied, the evaluation is considered complete.\
\
Learn more: [Evaluation Rules](/docs/challenges-101/evaluation-rules)
What happens after I pass an evaluation?
After successfully completing all evaluation phases and satisfying all platform requirements, you become eligible for a funded account.
Funded traders can then begin generating profits and requesting payouts according to the funded account rules.
What happens if I fail an evaluation?
If an account violates any risk management rule, the evaluation fails immediately.
Failed evaluations cannot be restored.
However, traders are free to purchase a new evaluation account and try again.
Can I continue a failed evaluation by paying a fee?
No.
Once an evaluation account fails due to a rule violation, it cannot be restored or resumed by paying an additional fee.
To try again, you must purchase a new evaluation account and start a new challenge from the beginning.
Can I have multiple evaluation accounts?
No.
Traders may only have one active evaluation account at a time.
Are evaluation accounts refundable?
Evaluation purchases are generally non-refundable once an account has been issued.
# Rules
What are the rules?
HyperPNL uses a simple and transparent rule set.
The core rules are:
* Profit Target
* Maximum Drawdown
* Maximum Daily Drawdown
* Minimum Profitable Days (2-Phase only)
These rules are publicly documented and apply equally to all traders.
Are there any hidden rules?
No.
HyperPNL only enforces the rules published in its official documentation.
There are:
* No consistency rules
* No maximum risk-per-trade rules
* No hidden objectives
* No discretionary evaluation criteria
If a rule is not documented, it is not enforced.
Are there consistency rules?
No.
HyperPNL does not enforce any consistency rules.
Is copy trading allowed?
No.
Copy trading is not permitted on HyperPNL evaluation or funded accounts.
Accounts found using copy trading services may be restricted or terminated automatically by system.
Is hedging allowed?
No.
Hedging between multiple HyperPNL accounts or coordinated hedging strategies designed to bypass platform rules are prohibited.
Can I have multiple accounts?
No.
HyperPNL does not allow traders to hold multiple accounts.
Each trader may only operate a single account and must comply with all platform rules.
Is news trading allowed?
Yes.
Can I hold trades overnight?
Yes.
Can I hold trades over the weekend?
Yes.
What is the difference between balance and equity?
Balance is your account value after all closed trades.
Balance does not change while positions remain open.
Equity is your real-time account value and includes both your balance and any unrealized profit or loss from open positions.
HyperPNL evaluates both balance and equity when determining rule compliance.
What is the profit target?
The profit target is the amount of profit required to pass an evaluation phase.
2-Phase Challenge:
* Phase 1: 10%
* Phase 2: 5%
1-Step Challenge:
* Phase 1: 10%
Profit targets are calculated using the account's initial balance.
What happens when I reach the profit target?
Once your equity reaches the required profit target and all other evaluation requirements have been satisfied, HyperPNL automatically closes all open positions.
The account is then automatically promoted to the next phase or funded status.
No manual action is required.
What is the maximum drawdown rule?
The maximum drawdown rule limits how much your account can lose from its initial balance.
* 2-Phase Challenge: 9% static maximum drawdown
* 1-Step Challenge: 5% static maximum drawdown
For example on a $100,000 account:
* 2-Phase: account fails if balance or equity falls below $91,000
* 1-Step: account fails if balance or equity falls below $95,000
What is the maximum daily drawdown rule?
The maximum daily drawdown limits how much your account can lose during a single trading day.
* 2-Phase Challenge: 5% daily drawdown limit
* 1-Step Challenge: 3% daily drawdown limit
The daily drawdown is recalculated every day at 00:00 UTC based on your account equity at that moment. The limit remains fixed throughout the day and updates again at the next daily reset.
How is maximum daily drawdown calculated?
At 00:00 UTC each day, HyperPNL records your account equity and uses it as the reference point for that day's drawdown calculation.
Example:
* Equity at reset: $103,000
* Daily Drawdown Limit: 5%
* Maximum Daily Loss: $5,150
Your balance or equity must remain above $97,850 throughout that day.
What is a profitable day?
A profitable day is a trading day during which your total profit, after trading fees have been deducted, reaches at least 0.5% of the account's initial balance.
Examples:
* $10,000 account → $50 threshold
* $100,000 account → $500 threshold
Both realized and unrealized profit may contribute toward reaching this threshold.
How many profitable days are required?
1-Step Challenge:
* No minimum profitable day requirement
2-Phase Challenge:
* Phase 1: 2 profitable days
* Phase 2: 3 profitable days
Funded accounts do not have a profitable day requirement.
Do open positions count toward profitable days?
Only fully closed positions count toward profitable days.
Partial closes do not count. A position must be completely closed before its profit is included in the profitable day calculation, and the entire profit is assigned to the day on which the position is fully closed.
For example, if your account requires 3 profitable days and you have only completed 1 profitable day, open positions with unrealized profit will not be counted as additional profitable days.
However, if all other requirements have already been met and you only need one more minimum profitable day, an open position that satisfies the profitable day requirement will count toward that requirement and help qualify the account for promotion to the next phase.
# Trading
How are prices sourced?
HyperPNL does not generate its own prices.
Prices are sourced directly from the underlying trading venues used by the platform, including Hyperliquid and Ostium.
This allows traders to independently verify market prices against the underlying exchanges.
How does order execution work?
When a trader submits an order, HyperPNL routes and simulates execution based on the underlying market data provided by the supported trading venues.
What order types are supported?
HyperPNL currently supports:
* Market Orders
* Limit Orders
* Stop Loss Orders
* Take Profit Orders
Additional order types may be introduced in future platform updates.
What leverage is available?
Leverage depends on the specific market being traded.
Available leverage limits are displayed directly within the trading platform and may vary by asset class, liquidity conditions, and risk requirements.
Can HyperPNL modify executions?
No.
HyperPNL cannot manually alter completed executions, fill prices, account balances, or trading history.
Execution results are determined automatically according to the platform's execution engine and market data.
How are trading fees calculated?
Trading fees vary by asset and are displayed before you open a position.
The same fee is charged when opening and closing a trade.
Applicable fees are automatically reflected in account performance and profit and loss calculations.
How are stop losses executed?
Stop loss orders are triggered automatically when the specified stop price is reached.
Execution occurs at the best available market price at the time of triggering.
Actual execution prices may differ slightly from the stop price during volatile market conditions.
How are take profits executed?
Take profit orders are triggered automatically when the specified target price is reached.
Execution occurs at the best available market price when the order is activated.
# Funded Accounts
What is a funded account?
A funded account is an account granted to traders who successfully complete all evaluation phases and satisfy the platform's requirements.
Funded traders become eligible to earn payouts based on their trading performance.
What happens after I become funded?
Once you become funded, you may continue trading under the funded account rules.
Unlike evaluation accounts, funded accounts do not have profit targets, phase durations, or minimum profitable day requirements.
Your objective is simply to trade profitably while respecting the platform's risk limits.
Do funded accounts have profit targets?
No.
Do funded accounts have a time limit?
No.
Do funded accounts have minimum profitable day requirements?
No.
What profit split do funded traders receive?
Funded traders receive 80% of generated profits.
The remaining 20% is retained by HyperPNL.
What rules apply to funded accounts?
Funded accounts remain subject to:
* Maximum Drawdown
* Maximum Daily Drawdown
* Platform Terms of Service
Evaluation-specific requirements such as profit targets, phase durations, and minimum profitable days no longer apply.
Can I withdraw profits while continuing to trade?
No.
All open positions must be closed before submitting a payout request. Profit withdrawals are only available once there are no active trades on the funded account and all payout requirements have been satisfied.
Is HyperPNL A-Book or B-Book?
HyperPNL does not operate under a traditional A-Book or B-Book model.
The platform continuously evaluates trader performance and may allocate capital to selected funded traders through internal risk management and capital allocation systems.
As a result, profitable traders can become a source of revenue for the platform rather than a cost.
HyperPNL's objective is to identify talented traders and align platform growth with trader performance.
# Payouts
How do payouts work?
Funded traders are eligible to withdraw a portion of their realized profits.
HyperPNL currently offers an 80% profit split, meaning traders receive 80% of eligible profits while HyperPNL retains 20%.
When can I request a payout?
Funded traders can request one payout per day.
There are no payout cycles, waiting periods, or fixed withdrawal windows.
Is there a minimum payout amount?
Yes.
The minimum withdrawal amount is 1% of the funded account size.
Examples:
* $10,000 Account → Minimum Withdrawal: $100
* $50,000 Account → Minimum Withdrawal: $500
* $100,000 Account → Minimum Withdrawal: $1,000
What should I do to request a payout?
To request a payout, simply close all of your open positions and click the "Request Payout" button on your dashboard.
Once submitted, the funds are transferred instantly to your HyperPNL wallet.
Are payouts processed automatically?
Yes.
Eligible payouts are processed automatically by the protocol.
Once all payout conditions are satisfied, no manual review or approval by HyperPNL is required.
Can HyperPNL manually reject my payout?
No.
HyperPNL cannot arbitrarily reject an eligible payout.
Payout eligibility is determined automatically according to the platform's rules.
However, accounts involved in fraud, account sharing, sanctions violations, identity fraud, or other prohibited activities may be restricted before becoming eligible for payout.
How long do payouts take?
Payouts are processed in under 3 seconds after submission.
What payment method is used for payouts?
Payouts are processed onchain.
Traders receive payouts directly to their hyperpnl wallet and withdrawal it to any wallet addresses they want.
What happens after I receive a payout?
Your funded account remains active.
You may continue trading, generating profits, and requesting future payouts as long as the account remains compliant with all active rules.
Are payouts publicly verifiable?
Yes.
Because payouts are processed onchain, blockchain transactions can be independently verified.
This provides greater transparency than traditional prop firms, where payout activity is typically not publicly visible.
Why does HyperPNL use onchain payouts?
Onchain payouts reduce reliance on manual payment processes and increase transparency.
They allow traders to receive funds directly to their wallets while providing publicly verifiable proof that payouts have been processed.
Can payout rules change after I become funded?
No.
Funded accounts remain subject to the payout terms that were active when the account was issued.
Future changes only apply to new accounts unless explicitly stated otherwise.
# Security
What happens if suspicious activity is detected?
HyperPNL Protocol automatically enforces its rules and may restrict, suspend, or terminate accounts when suspicious or prohibited activity is detected.
These actions are performed by the protocol itself rather than manually by the HyperPNL team.
The HyperPNL team cannot manually ban accounts, but may review cases and restore access where appropriate if a restriction was applied in error or the issue has been resolved.
Can my account be suspended?
Yes.
Accounts may be suspended if the platform detects:
* Account sharing
* Fraud
* Identity manipulation
* Multi-account abuse
* Sanctions violations
* Attempts to bypass platform rules
* Other prohibited activities described in the Terms of Service
Is KYC required?
No.
HyperPNL does not currently require standard KYC verification.
However, HyperPNL may introduce identity verification requirements, compliance checks, or onchain KYC solutions in the future as the platform evolves.
How does HyperPNL prevent fraud?
HyperPNL uses a combination of automated monitoring systems, behavioral analysis, identity verification tools, and rule-based controls designed to identify suspicious or abusive activity.
Can I use a VPN?
Using a VPN solely for privacy purposes is not prohibited.
However, VPNs, proxies, or other technologies may not be used to conceal your location, bypass restricted jurisdictions, evade compliance requirements, or circumvent platform rules.
Attempts to do so may result in account restrictions or termination.
Are there restricted countries?
Yes.
HyperPNL is not available in certain jurisdictions due to sanctions programs, regulatory requirements, compliance obligations, and internal risk policies.
The list of restricted jurisdictions may change over time.
Please refer to the Terms of Service for the most up-to-date list.
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