Last reviewed and fact-checked: September 11, 2026
◎ Best for
DeFi-native traders who want every trade and payout verifiable on-chain, built on the audited gTrade protocol with accounts up to $500K.
⚠ Avoid if
You want a big review base or top-tier split. The 80% split trails the 90%+ elsewhere, and execution depends on Gains Network liquidity and uptime.
Rating Breakdown
- Every trade, payout, and fund movement settles on-chain and is publicly verifiable
- Built on Gains Network's gTrade, a well-established, audited on-chain perpetuals protocol
- Account sizes scale up to $500,000, high for a DeFi-native firm
- 165+ tradable assets spanning crypto, forex, and commodities in one framework
- 24 Trustpilot reviews with generally positive feedback on transparency and platform improvements
- USDC payouts settle directly on-chain
- Not built on Hyperliquid, despite being grouped with other on-chain prop firms; settles on Arbitrum instead
- 80% split is solid but below the 90%+ some competitors advertise
- Only 24 Trustpilot reviews, a moderate but still limited sample
- DeFi-native model ties execution quality to Gains Network's own liquidity and uptime
Funding and Trading Conditions
| Account sizes | Up to $500,000 |
| Profit split | 80% |
| Instruments | 165+ assets across crypto, forex, and commodities |
| Execution | Gains Network's gTrade protocol |
| Settlement chain | Arbitrum |
| Payout currency | USDC, settled directly on-chain |
| Verifiability | Every trade, payout, and fund movement is publicly verifiable on-chain |
Our Verdict
Carrot Funding bills itself as the first DeFi-native trader funding firm, and the core pitch holds up: every trade, payout, and fund movement is publicly verifiable on-chain, which removes the “trust us” element that defines most crypto prop firms. The important correction to make here is that Carrot does not run on Hyperliquid. It settles on Arbitrum and executes through Gains Network’s gTrade protocol, a well-established, audited on-chain perpetuals exchange that predates most of the newer Hyperliquid-native firms in this category.
That distinction is actually a point in Carrot’s favor rather than against it. Gains Network is a proven, audited protocol with years of real usage behind it, not an unproven integration. Combined with account sizes scaling up to $500,000 and access to 165+ assets across crypto, forex, and commodities in one framework, Carrot offers real range for a DeFi-native product.
The 80% profit split is solid but not class-leading, sitting below the 90%+ some Hyperliquid-native competitors offer. Trustpilot feedback is genuinely positive across 24 reviews, with traders specifically citing the trust-minimized structure and steady platform improvements, a reasonable sample size for a firm this size.
Carrot is worth strong consideration if fully verifiable on-chain settlement matters more to you than chasing the highest possible split, and if you want a DeFi-native firm built on infrastructure with an actual track record rather than the newest available chain. Just go in knowing it is an Arbitrum and Gains Network product, not a Hyperliquid one, if that distinction matters for your own due diligence.
Carrot Funding Discount Code
| Code | Funded |
| Applies to | Any Carrot Funding evaluation |
| Last verified | July 2026 |
Alternatives to Carrot Funding
Firms in the same category with a comparable score. This list updates itself as scores change.
- Coin Funded scores 7 and offers Fee refunded and No minimum days.
- FundedBit scores 7 and offers Fee refunded and Up to 100% split.
- Hydra Funding scores 6.6 and offers No time limit.
Frequently Asked Questions
Is Carrot Funding on Hyperliquid?
No. Carrot Funding settles on Arbitrum and executes trades through Gains Network’s gTrade protocol, a well-established, audited on-chain perpetuals exchange. This differs from other DeFi-native prop firms that build directly on Hyperliquid, though the core value proposition, fully verifiable on-chain trades and payouts, is the same.
Is Carrot Funding legitimate?
Carrot Funding has 24 Trustpilot reviews with generally positive feedback, and traders specifically cite the trust-minimized on-chain structure and consistent platform improvements. Every trade, payout, and fund movement settles on Arbitrum and is independently verifiable by anyone, which is a real transparency advantage over prop firms that only publish self-reported numbers.
What is Carrot Funding’s profit split and account size?
Funded traders keep 80% of profits, with account sizes scaling up to $500,000. Payouts settle in USDC directly on-chain.
What can I trade on Carrot Funding?
Carrot Funding gives traders access to 165+ assets across crypto, forex, and commodities within a single funding framework, executed through Gains Network’s gTrade protocol on Arbitrum.
Ready to try Carrot Funding?
Use code Funded at checkout. Fully on-chain, accounts up to $500K.
Visit Carrot Funding →⚠ Prop trading risk
Challenge fees are money at risk. Most participants never reach a payout, and funded accounts are usually simulated capital rather than live funds. Rules and pricing can change at any time, so confirm them on the firm’s own site before you pay. Nothing in this review is financial advice.