MyFundedPerps

Most perps prop firms pass venue funding through to the trader; MyFundedPerps deliberately does not. The firm, which comes from the team behind My Funded Futures, charges an hourly swap fee on longs and shorts alike, worked out from the position's notional at one twenty-fourth of the daily rate, and says venue funding rates shown in its terminal are informational and do not change a balance. MyFundedPerps describes itself as a paper-trading platform: fills, positions and balances are simulated on real market data, no order is sent to an exchange, and funded accounts stay simulated too, with only approved cash payouts being real. Reference prices come from the source venue shown for each market, among them Hyperliquid, Binance, Bybit, Ostium and Veranta, with forex quoted by Veranta.

All four challenges are 1-step evaluations carrying neither a deadline nor a minimum day count, and none has a consistency rule. Select targets 9% inside a 3% static max drawdown, Prime 12% inside 5% and Signature 10% inside 6%, each with a 3% daily loss limit, in sizes from $10,000 to $100,000. Elite targets 10% inside a 5% static limit on $5,000 to $50,000 accounts, and it can be bought with a 3% daily loss limit or with none. Limits use equity including open-position profit or loss, and the daily allowance is 3% of starting balance measured from start-of-day equity at New York midnight. Elite's floor never moves; on the other three, the first funded withdrawal locks the max loss floor permanently at starting balance. Elite lists at $49 for $5,000, on sale at $36, and Select, Prime and Signature buyers can halve commission and swap with a Reduced Fee add-on. Elite carries its own leverage, with NAS100 and SP500 at 40x, US30 at 25x, gold 20x and oil 10x, while the markets page shows BTC at 10x and ETH at 8x. A funded account must record a trade at least every 7 calendar days.

Getting paid at MyFundedPerps runs through Rise, or store credit that adds a 5% boost but expires after 45 days. The profit split is 80% with an optional 90/10 upgrade at checkout. Select, Prime and Signature can each request one payout per New York calendar day from $100 of available gross profit, Elite can request anytime with a minimum of $50 to $500 by account size, and all accounts must be flat with resting orders cancelled first, because requests are manually reviewed and trading locks until they are decided. A $100,000 lifetime cap on payouts ends new purchases once reached, although active funded accounts carry on.

Two rules catch perps traders out at MyFundedPerps. News trading is unrestricted in the evaluation but limited on funded accounts: no new exposure from 10 minutes before a high-impact release, and no manual trades from 2 minutes before to 2 minutes after, with earnings counted for stocks and equity perpetuals. Weekend holding is allowed on 24/7 crypto markets, while 23/5 markets close all open positions 15 minutes before the Friday close. Trading delays between its pricing and another venue is prohibited, and a built-in copy trading feature links only a trader's own eligible accounts.