Vanta Trading

Vanta Trading comes from the team behind Taoshi, and its perps side is built around Hyperliquid, even though only part of what the desk lists is actually a perpetual. Crypto (34 pairs), commodities, the three index futures and 20 single-name equity futures are Hyperliquid perpetuals; the 1,001 US stocks and 36 ETFs are spot, and forex carries a swap rather than funding. Vanta Trading runs its own Vanta Trading Desk and says plainly that all capital is simulated: fills are priced from Hyperliquid for perps, Databento and Massive elsewhere, and the firm describes its business as copy trading its strongest traders with live capital rather than sending every order to a venue.

On the perpetuals, funding is listed as the same as Hyperliquid for both longs and shorts, slippage is modelled from the Hyperliquid orderbook, and transaction fees are published by class: 0.03% on crypto, 0.005% on commodities, none on indices and 0.01% on equities. Those costs sit apart from the spot market's 3% annualized stock borrow fee and 6.6% interest on borrowed cash, so the choice between an equity perpetual and the same share in spot changes what a position costs to hold. Vanta Trading does not say whether funding moves its loss limits, which are measured on equity including unrealized PnL. Weekend and overnight holding is allowed on every market, and crypto is open 24/7.

The Classic evaluation is a single challenge: a 10% profit target, a 5% static max drawdown measured from starting balance, and a 3% or 5% daily loss limit picked at purchase, with no time limit, minimum trading days or consistency rule. An account closes after 60 days without a trade. Fees start at $33 and reach $1,299 for $100,000 at 100/0 with the 5% daily limit, because the trader sets the split, from 60/40 up to the default 100/0. Instant funding skips the challenge on $25,000 to $100,000 accounts from $750 at a fixed 80/20, with a 3% daily limit and a 5% or 8% trailing limit from the end-of-day equity high-water mark. Pro accounts arrive by automatic promotion, up to $1,000,000 in demo capital, on 5% daily and 8% end-of-day trailing limits, and they add martingale detection and a daily-return consistency test in the Grow stage.

Leverage depends on the account. BTC and ETH run at 7x on Classic and 10x on Pro, DOGE, SOL and XRP at 4x and 5x, and most other crypto at 1.5x on Classic, inside a 40x Classic and 50x Pro portfolio cap, with longs and shorts counted separately. Payouts are weekly from the day a trader passes, in USDC or Vanta Network alpha, with no minimum and no extraction limit, and a payout never reduces equity or moves a breach threshold, so the drawdown cushion is not spent by withdrawing. EAs, bots and news trading are permitted as a trader's own strategy, but third-party signals and copy trading are an immediate disqualification, and each account must run its own strategy, with no mirroring or opposing positions across the same trader's accounts. Vanta Trading does not refund the fee on passing.