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Contract type, not capital ownership

Perpetual futures prop firms.

Compare perpetual-contract programs without confusing crypto exposure, live execution and simulated rewards. Official contract scope is verified below; capital and payout claims are disclosed separately.

Verified products9Explicit official perpetual scope
Source check13 Oct 2026Not a trading or payout audit
Funding ratesVariableConfirm per pair and account

Source-verified list

Perpetual contract programs

9 of 9 programs

Propr

Simulated
Review
Contract
Perpetual
Underlying markets
Crypto, equity and commodity perpetuals; broader instrument availability depends on Hyperliquid listings.
Leverage
Pair-specific limits; confirm current rulebook before purchase.
Funding costs
Current rate and settlement treatment not independently confirmed.
Account model
Simulated trader accounts. Rulebook describes discretionary A-book replication and B-book internal entries; any live replicated position belongs to Propr, not the trader.
Payout evidence
Performance rewards described by operator; no independent payout verification in this comparison.
Gaps
  • Marketing describes funding, but legal disclosure states all accounts are simulated. Do not treat on-chain replication as trader-owned capital.
  • Pair leverage, funding debits and payout transactions require fresh account-level checks.

Hyro Trader

Simulated
Review
Contract
Perpetual
Underlying markets
USDT perpetual futures only. Spot, USDC perpetuals, COIN-M futures and options excluded.
Leverage
Platform and instrument dependent; no single account-wide maximum verified.
Funding costs
Exchange-model funding; precise account settlement schedule not verified.
Account model
All stages simulated using real exchange market data. Current legal disclosure says no real-capital stage; rewards are contractual shares of simulated performance.
Payout evidence
Contractual reward policy, not independently verified payout history.
Gaps
  • Older live-capital FAQ language conflicts with current all-demo legal disclosure; current disclosure used here.
  • Funding charges and pair-level leverage need account-level confirmation.

Carrot Funding

Hybrid or replicated
Review
Contract
Perpetual
Underlying markets
DeFi perpetual derivatives across crypto and other underlying markets; execution layers include gTrade.
Leverage
Rulebook and pair-specific limits apply; venue maximum is not an account allowance.
Funding costs
Protocol funding or borrowing costs vary by venue; no fixed rate verified.
Account model
Operator describes hybrid execution. Official gTrade article says simulated trades reflect venue conditions; do not assume every account order executes live.
Payout evidence
Rulebook describes on-demand profit rewards; payout reliability not independently verified here.
Gaps
  • Live versus simulated allocation per account or trade not independently established.
  • Exact funding/borrowing debits and account leverage require current terminal checks.

DojiFunded

Simulated
Review
Contract
Perpetual
Underlying markets
GMX crypto and commodity perpetuals. Other venue markets listed separately; do not infer identical contract types for every venue.
Leverage
Venue and instrument dependent; account maximum not verified.
Funding costs
Terms explicitly say funding rates and rollover fees vary with venue and market conditions.
Account model
Terms define simulated capital and trading conditions using live venue data. Execution-venue page also claims supported on-chain execution; account ownership remains simulated under terms.
Payout evidence
Terms describe eligible USDC payouts; no independent payout audit here.
Gaps
  • On-chain execution claim and simulated-account terms must not be collapsed into a live-capital guarantee.
  • Pair-level funding, rollover and leverage not verified.

L7 Select

Operator claims live capital
Review
Contract
Perpetual
Underlying markets
Hyperliquid spot and perpetuals across crypto, commodities, FX and equities; funded availability may be narrower.
Leverage
Account and asset limits not independently verified.
Funding costs
Hyperliquid funding mechanics; account-level pass-through not verified.
Account model
Homepage states simulated evaluation, then real capital after passing. This is an operator claim, not proof of live routing for each account.
Payout evidence
Operator advertises USDC profit share; displayed payout totals not independently audited.
Gaps
  • Funded account capital and trade routing not independently verified.
  • Exact funded instrument access, funding pass-through and leverage need confirmation.

Vest Markets

Operator claims live capital
Review
Contract
Perpetual
Underlying markets
Perpetual contracts specified in official platform documentation; available pairs can change.
Leverage
Cross-margin system; check live pair specifications for limits.
Funding costs
Platform publishes a funding section; current pair rates and intervals not verified here.
Account model
Official Vest Capital docs describe simulated evaluation and real platform capital for live or instant accounts. Operator claim, not independently verified capital allocation.
Payout evidence
Official profit-claiming documentation, not an independent payout-history audit.
Gaps
  • Live-capital claim and settlement mechanics not independently tested.
  • Exact pair leverage, funding intervals and payout evidence remain unverified.

E8 Markets

E8 One Perpetual / E8 Pro Perpetual

Simulated
Review
Contract
Perpetual
Underlying markets
Crypto, stocks, indices and metals perpetuals. Current official scope checked; other asset classes not confirmed.
Leverage
Instrument-specific limits apply. Confirm current E8 Terminal specifications.
Funding costs
Hyperliquid funding rates apply; verify current pair rates and account treatment.
Account model
Simulated SimFi accounts on E8 Terminal with a Hyperliquid data feed. Real market data does not mean live trader capital.
Payout evidence
Performance rewards subject to E8 rules; payout history not independently audited here.
Gaps
  • Account-level funding debits and payout evidence not independently checked.
  • Instrument availability and leverage may change; check current program rules.

MyFundedPerps

SimulatedNot reviewed · Unscored
Official site
Contract
Perpetual
Underlying markets
Homepage lists perpetual pairs across crypto, stocks, commodities, forex and indices. Docs describe simulated perpetual futures trading.
Leverage
Plan and pair-specific limits; no account-wide maximum independently confirmed.
Funding costs
Account-level funding, borrowing and swap treatment not independently confirmed.
Account model
Simulated accounts, orders, fills, positions and balances using real market data. Docs state no order is placed on an external exchange.
Payout evidence
Not reviewed or scored; no independent payout verification.
Gaps
  • Not reviewed or scored. Per-market access, leverage, fees, swap charges and payout history not independently checked.

ZoneX

SimulatedNot reviewed · Unscored
Official site
Contract
Perpetual
Underlying markets
Hyperliquid perpetuals and spot challenges. Market availability follows ZoneX support at time of trading.
Leverage
Plan and pair-specific limits; no account-wide maximum independently confirmed.
Funding costs
Account-level funding, borrowing and swap treatment not independently confirmed.
Account model
Paid simulated challenge using Hyperliquid live market data. Orders do not reach Hyperliquid. Passing opens a funded-stage review, not automatic funding.
Payout evidence
Not reviewed or scored; no independent payout verification.
Gaps
  • Not reviewed or scored. Funded-stage capital, execution and payout evidence remain unverified.

Three questions, three different answers

What is the contract?

A perpetual derivative has no scheduled expiration. Do not classify it from a platform logo or a ticker alone.

What is the underlying?

Crypto, equities, commodities or FX can underlie perps. Those markets do not change the contract classification.

Whose capital trades?

Simulation, internal booking, live routing and own-wallet mirroring are different models. A reward program is not automatically a capital allocation.

Not yet verified for this comparison

These are evidence gaps, not declarations that a product does not exist. Other crypto listings remain unchanged.

HyperStack

Current official homepage describes Vanta-powered simulated challenge, not funded capital. Accessible current sources did not establish perpetual-contract scope. Earlier own-wallet/mirrored reward model must not be presented as capital funding.

Breakout

Crypto instruments alone do not establish perpetual contracts. Official contract-level evidence not confirmed during this check.

Crypto Fund Trader

Crypto or futures marketing and platform names are insufficient to verify a perpetual contract product.

o2

Crypto venue name alone is insufficient; perpetual-contract scope not verified.

Coin Funded

Official site redirected to a landing page during check; contract type not verified.

Solana Funded

Official disclosure confirms simulated services, but no explicit perpetual-contract scope verified.

FundedBit

Official FAQ describes simulated services, but no explicit perpetual-contract scope verified.

WenCrypto

No current official perpetual-contract specification verified.

Other crypto listings also stay unclassified until official contract specifications are checked. Membership is not inferred from Bybit or Hyperliquid integration.

Perpetual trading questions

Are perpetual futures the same as CME futures?

No. Perpetual contracts have no scheduled expiry and usually use funding or borrowing mechanisms. Traditional exchange futures have dated contracts and their own exchange specifications. This page does not change our traditional futures listings.

Does a perpetual contract mean a live funded account?

No. Contract type, underlying market and account model are separate. A firm can simulate perpetual contracts and pay performance rewards. On-chain copying does not necessarily give the trader ownership of live capital.

Why are some crypto firms not included?

Inclusion requires an explicit official perpetual-contract disclosure. A crypto name, exchange integration or futures label alone is insufficient. Unconfirmed firms remain in the broader crypto comparison; missing evidence is not proof they do not offer perps.

How should I compare funding costs?

Check each pair's current rate, settlement interval, borrowing fees and whether costs debit simulated equity or withdrawable profit. Venue rates are not guaranteed account costs, and leverage magnifies exposure. We do not publish unverified fixed rates.