# Prop Firms Using Hyperliquid Data: What It Means > A prop firm using Hyperliquid data takes prices from that venue to fill orders or enforce rules. It does not by itself mean your orders reach Hyperliquid. The price source, the execution venue and the funding treatment are three separate facts, and a firm can use one without the others. **Source:** https://propfirmpal.com/perpetuals/guides/prop-firms-using-hyperliquid-data **Generated:** 2026-11-11 **Publisher:** Prop Firm Pal - independent prop firm comparison _Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._ --- _Updated 2026-11-10._ > **Note:** General information, not financial or legal advice. Rules differ by firm and change; check the firm’s own terms before you buy. ## Why the source of prices matters Each venue has its own order book, so prices differ slightly and wicks can differ a lot. A stop or a drawdown breach depends on which feed is used. A firm that prices from an on-chain venue gives you a public record to compare against, which is useful when you need to check a disputed fill. ## Three questions that are easy to blur Marketing can run these together, so ask them separately. - **Price feed:** whose prices fill my orders and enforce my drawdown? - **Execution venue:** do my orders go anywhere, or stay in the firm’s system? - **Funding:** do I pay the venue’s real funding, a fixed rate, or nothing? ## How we list these firms A firm appears as Hyperliquid-priced only when it names that price source in published material we can cite. Silence is not treated as a yes. ## Frequently asked questions ### Does a Hyperliquid price feed mean my trades are on-chain? No. A firm can use prices from a venue while keeping execution in its own system. ### Why would a prop firm use Hyperliquid prices? It offers a public perpetuals market to reference. Firms can have their own reasons, so judge the rule set rather than the name. ### Is this list an endorsement? No. It records what firms publish about their data source, and says nothing about how well a firm operates. ## Related pages - [Hyperliquid paper trading](https://propfirmpal.com/perpetuals/guides/hyperliquid-paper-trading) - [Simulated vs copied execution](https://propfirmpal.com/perpetuals/guides/simulated-vs-copied-execution) - [Perpetual futures prop firms compared](https://propfirmpal.com/perpetuals) - [What is a prop firm?](https://propfirmpal.com/learn/what-is-a-prop-firm) - markdown: https://propfirmpal.com/learn/what-is-a-prop-firm.md - [How funded trading accounts work](https://propfirmpal.com/learn/funded-trading-accounts) - markdown: https://propfirmpal.com/learn/funded-trading-accounts.md - [How to get a funded trading account](https://propfirmpal.com/learn/how-to-get-a-funded-trading-account) - markdown: https://propfirmpal.com/learn/how-to-get-a-funded-trading-account.md - [How prop firm challenges work](https://propfirmpal.com/learn/how-prop-firm-challenges-work) - markdown: https://propfirmpal.com/learn/how-prop-firm-challenges-work.md - [Instant funding vs evaluation](https://propfirmpal.com/learn/instant-funding-vs-evaluation) - markdown: https://propfirmpal.com/learn/instant-funding-vs-evaluation.md - [Why traders fail prop firm challenges](https://propfirmpal.com/learn/why-traders-fail-prop-firm-challenges) - markdown: https://propfirmpal.com/learn/why-traders-fail-prop-firm-challenges.md - [Prop firm drawdown types explained](https://propfirmpal.com/learn/prop-firm-drawdown-types) - markdown: https://propfirmpal.com/learn/prop-firm-drawdown-types.md - [How to scale a funded account](https://propfirmpal.com/learn/how-to-scale-a-funded-account) - markdown: https://propfirmpal.com/learn/how-to-scale-a-funded-account.md - [Futures vs forex prop firms](https://propfirmpal.com/learn/futures-vs-forex-prop-firms) - markdown: https://propfirmpal.com/learn/futures-vs-forex-prop-firms.md - [How to choose a prop firm](https://propfirmpal.com/learn/how-to-choose-a-prop-firm) - markdown: https://propfirmpal.com/learn/how-to-choose-a-prop-firm.md - [Prop firm vs broker vs hedge fund](https://propfirmpal.com/learn/prop-firm-vs-broker-vs-hedge-fund) - markdown: https://propfirmpal.com/learn/prop-firm-vs-broker-vs-hedge-fund.md - [How do prop firms make money?](https://propfirmpal.com/learn/how-do-prop-firms-make-money) - markdown: https://propfirmpal.com/learn/how-do-prop-firms-make-money.md - [How prop firm payouts work](https://propfirmpal.com/learn/how-prop-firm-payouts-work) - markdown: https://propfirmpal.com/learn/how-prop-firm-payouts-work.md - [Can you make money with a prop firm?](https://propfirmpal.com/learn/can-you-make-money-with-a-prop-firm) - markdown: https://propfirmpal.com/learn/can-you-make-money-with-a-prop-firm.md - [Prop firm taxes](https://propfirmpal.com/learn/prop-firm-taxes) - markdown: https://propfirmpal.com/learn/prop-firm-taxes.md - [Are prop firms legit?](https://propfirmpal.com/learn/are-prop-firms-legit) - markdown: https://propfirmpal.com/learn/are-prop-firms-legit.md - [Are prop firms regulated?](https://propfirmpal.com/learn/are-prop-firms-regulated) - markdown: https://propfirmpal.com/learn/are-prop-firms-regulated.md - [Are prop firms going away?](https://propfirmpal.com/learn/are-prop-firms-going-away) - markdown: https://propfirmpal.com/learn/are-prop-firms-going-away.md