Prop firms

HyroTrader cuts its published payout minimum to $25 after the profit split

Its Instant account still requires three qualifying trading days before the first payout. Kraken Funded separately lists a $250 fee for its $25,000 challenge.

HyroTrader lowered the minimum profit a trader needs to request a payout on its simulated crypto accounts from $100 to $25 after the firm’s split. A trader using its Instant account for crypto perps must also close positions and complete three qualifying trading days before the first request.

Three changes verified against the firms’ own pages
Published termNovember 2November 9
HyroTrader payout minimum after split$100$25
Kraken Funded challenge fees$20 for $1,000; $50 for $5,000; $90 for $10,000$20 for $1,000; $90 for $10,000; $250 for $25,000
FundedNext Stellar Lite merged balance limit$200,000$300,000
The dates refer to when OptimistFi captured the wording. They do not establish when the new terms took effect for any existing customer.

What counts toward a first instant payout

At the starting 80% split, a trader needs $31.25 of eligible simulated profit to receive $25. The dollar minimum is only one test. HyroTrader counts a UTC day when at least one closed trade is worth at least 5% of the initial account balance and its result moves at least 1% of that trade’s value before fees.

A payout is a contractual share of simulated performance. HyroTrader says the account must be in profit when the trader requests the payout and caps the profit counted per Instant request at 5% of the initial balance.

Kraken lists a larger challenge; FundedNext raises a separate limit

Kraken Funded’s fee page listed a $5,000 challenge for $50 on November 2. On November 9 it listed a $25,000 challenge for $250 alongside the $1,000 and $10,000 options. The $250 is a nonrefundable entry fee. Kraken’s mobile app applies its 80% split to profits made after the trader passes the challenge and signs the funded-account agreement.

At FundedNext, the Stellar Lite help page raised the maximum merged balance from $200,000 to $300,000. That is a ceiling on combining eligible accounts. Both must use the same challenge model, have no open trades and be between cycles.

What the weekly comparison establishes

The table compares published wording on November 2 and November 9. A changed line can describe an existing plan, repeat a term elsewhere or change a condition. Counting lines cannot establish how many products launched or rules changed.

MyFundedPerps is built by the team behind My Funded Futures, which has a commercial relationship with OptimistFi.

How this was reported. Correction, November 9: The earlier headline counted lines of webpage text as plans and rule edits. The monitor’s collection runs also did not prove that every page was read successfully 28 times. This comparison uses dated copies of the firms’ pages and their current program terms.

Sources and data receipts (5)
How perps work
  • A perp (perpetual future) is a contract that tracks a price with no expiry date, so a trader can hold a bet that it rises (long) or falls (short) for as long as they like.
  • Funding is a small payment between the two sides on a schedule (every hour on some venues, every eight hours on others): when the perp trades above the price it tracks, longs pay shorts, and when it trades below, shorts pay longs.
  • Open interest is the value of all positions still open. Every long has a short on the other side, so it is one net figure, not a count of buyers or sellers.
  • Leverage lets a trader control a position larger than their deposit, up to a cap the venue sets for each market, such as 20x.
  • Liquidation is the venue closing all or part of a position when the equity supporting it falls below the required maintenance margin. The trigger depends on the venue's rules, collateral, other positions sharing that collateral, fees and funding. A leverage setting alone does not determine the liquidation price.
  • What the price follows is the venue's choice: each venue decides which index or contract its perp tracks, so two venues' "oil" or "gold" perps can follow different things.

Zain Vawda is a market analyst whose experience includes IG and OANDA. His coverage spans currencies, commodities and indices, built on technical analysis, the reading of economic data and how geopolitics moves global markets. At OptimistFi, Zain covers the perps market: what leverage does to a position, and how on-chain venues price the instruments stock and options traders already follow. Tips: hello@optimistfi.com

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