Hypernova vs Kraken Prop rules, prices and codes side by side

Prices updated Oct 26

Hypernova
Cayman Islands
From
$25
Challenges
18
Accounts
$5K to $200K
Buy
Kraken Prop
British Virgin Islands · Founded May 2026
From
$20
Challenges
18
Accounts
$5K to $200K
Buy

Where they differ

Cheapest challenge: Hypernova$25 ($5K Tight risk); Kraken Prop$20 ($5K Advanced)
Daily loss limit: Hypernova3% to 4%; Kraken Prop3%, or none on some
Maximum loss: Hypernova3% to 7% static; Kraken Prop3% to 6% static or trailing
Country: HypernovaCayman Islands; Kraken PropBritish Virgin Islands

Every rule, side by side

Rule	Hypernova	Kraken Prop
The firm
Country	Cayman Islands	British Virgin Islands
Founded	Not stated	May 2026
Years in operation	Not stated	Under 1
Platforms	Hypernova web terminal	Kraken Pro
Trades on	own engine using Hyperliquid market data	Kraken Pro (web and mobile app), on a simulated Prop account
Markets	Crypto, stock, ETF, commodity, index, FX and pre-IPO	Crypto, index and commodity
Some trades on-chain	No	No
Rules
Model	1-step assessment with selectable risk tier (Tight, Low or Medium; High listed as restricted)	1-step evaluation (Starter, Intermediate or Advanced; Lite on $50,000)
Account sizes	$5K, $10K, $25K, $50K, $100K, $200K	$5K, $10K, $25K, $50K, $100K, $200K
Profit target	9% (Tight) / 10% (Low, Medium, High)	10% (Starter) / 12% (Intermediate) / 9% (Advanced) / 6% (Lite)
Daily loss limit	3% (Tight, Low) / 4% (Medium) / 5% (High) of prior day's closing balance, reset 00:00 UTC	3% of the balance at 00:30 UTC, checked against equity (Starter, Intermediate, Advanced); none on Lite
Maximum drawdown	3% (Tight) / 6% (Low) / 7% (Medium) / 8% (High), static from starting balance	6% (Starter) / 5% (Intermediate) / 3% (Advanced), static from the starting balance; $1,500 trailing the highest closed balance on Lite
Max leverage	Set per symbol, 2x to 20x (most crypto 2x; BTC, ETH and SOL 10x on its markets page, BTC and ETH 5x in its docs; FX 20x); homepage table shows 5x	Up to 10x on BTC, the Nasdaq 100 and the S&P 500 (its August 18, 2026 update; its September guide still says 5x on BTC and ETH, 2x on other crypto), 5x on SOL and 3x on HYPE; up to 40x on the Nasdaq 100 and S&P 500 on Lite; commodities 5x on gold, silver, WTI and Brent oil, 10x on copper and 3x on natural gas (its commodities table; the same page's FAQ says up to 5x on every commodity)
Profit split	80%; 90% with its split add-on, bought with the assessment for 20% more (Tight, Low and Medium)	80%; 90% with an add-on bought at purchase for 20% of the plan price
Payouts	On demand whenever the account is flat (no open positions, orders or TWAPs), no minimum beyond being in profit, with a round-trip trade between payouts; capped at $10,000 of profits per day per user during its private beta; paid in USDC by smart contract on Arbitrum after identity verification	On request with no open positions or orders; reviewed within 24 hours (typically 12) and paid in USD or USDG to the trader's Kraken account; $50 minimum on Lite
Starting price	from $25 for a $5,000 account (Tight risk)	from $20 for a $5,000 account (Advanced)
Minimum days	None	None
Consistency rule	None	None
US traders	Yes (not on its restricted list)	Yes (crypto only for US clients; not offered in Canada or India)
Fee refund	No	No
News trading	Allowed	Allowed (its Prop page sets no restriction on trading strategy)
Weekend holding	Allowed	Allowed (margin funding of 0.033% a day applies; 0.013% a day on XYZ100 and SP500 on Lite)
Current offer	None now	None now
Rules checked	November 9, 2026	November 10, 2026

Hypernova: source 1 source 2 source 3 source 4 source 5 source 6Kraken Prop: source 1 source 2 source 3 source 4 source 5 source 6 source 7 source 8 source 9

Prices at each account size

Account	Hypernova	Kraken Prop
Sizes both sell
$5K	$25Tight risk3 challenges at this size	$20Advanced3 challenges at this size
$10K	$50Tight risk3 challenges at this size	$40Advanced3 challenges at this size
$25K	$120Tight risk3 challenges at this size	$95Advanced3 challenges at this size
$50K	$200Tight risk3 challenges at this size	$139Lite4 challenges at this size
$100K	$400Tight risk3 challenges at this size	$330Advanced3 challenges at this size
$200K	$800Tight risk3 challenges at this size	$660Advanced2 challenges at this size

Every Hypernova challenge Every Kraken Prop challenge Every firm's challenges

Current offers

Hypernova

No code seen in the last seven days.

Buy

Kraken Prop

No code seen in the last seven days.

Buy

What each daily limit means on Bitcoin

How far Bitcoin has to move against a position at each firm's full leverage to use up the daily loss limit, and how often it has in the last 30 days.

Firm and program	Bitcoin cap	Daily limit	Move that uses it up	Days Bitcoin moved that far
Hypernova · Tight and Low risk tiersper its homepage comparison table	5x	3%	0.6%	27 of 30
Kraken Prop · Starter, Intermediate and Advanced	10x	3%	0.3%	30 of 30

Recent rule changes

Hypernova

Oct 19Split
Added a 90% profit split option on Tight, Low and Medium assessments, for 20% more than the standard fee; the standard 80% split is unchanged (rulebook v1.2).
Firm's page
Oct 19Account sizes
Offered the Medium risk tier at $200,000, for $2,700 (rulebook v1.2); it had stopped at $100,000.
Firm's page
Oct 10Other
Its homepage now offers up to $300,000 of total initial funding across accounts, up from $200,000 on its pre-launch page.
Archived May 7, 2026 Archived Oct 10, 2026
Aug 4Program
Added the Tight risk tier: a 9% target, 3% daily loss limit and 3% static drawdown, from $25 for $5,000 (rulebook v1.1).
Firm's page Archived Oct 10, 2026

All 5 Hypernova changes

Kraken Prop

Nov 10Other
Dropped the UK from the countries its FAQ says Kraken Prop is not available in, leaving Canada and India; in July the list also named Australia.
Firm's page Archived Jul 12, 2026
Oct 26Other
Changed its weekend holding rule from "Allowed (margin funding of 0.033% a day applies)" to "Allowed (margin funding of 0.033% a day applies; 0.013% a day on XYZ100 and SP500 on Lite)".
Firm's page