HyperPNL vs Kraken Funded rules, prices and codes side by side

Where they differ

Cheapest challenge

HyperPNL$42 ($5K 1-Step Flex)

Kraken Funded$20 ($1K Challenge)

Daily loss limit

HyperPNL3% to 5%

Kraken FundedNone

Maximum loss

HyperPNL5% to 9% static

Kraken Funded3% static

Bitcoin leverage

HyperPNL5x

Kraken Funded1:1

Account sizes

HyperPNL$5K to $25K

Kraken Funded$1K to $25K

Sizes only this firm sells

HyperPNL$5K

Kraken Funded$1K

Steps

HyperPNL1-step and 2-step

Kraken Funded1-step

Challenges

HyperPNL6

Kraken Funded3

US traders

HyperPNLNo

Kraken FundedYes

Country

HyperPNLCayman Islands

Kraken FundedBritish Virgin Islands

Every rule, side by side

Rule	HyperPNL	Kraken Funded
The firm
Country	Cayman Islands	British Virgin Islands
Founded	Not stated	July 2026
Years in operation	Not stated	Under 1
Platforms	HyperPNL web platform	Kraken app
Trades on	own simulated engine, Hyperliquid order book and prices, Ostium prices for some non-crypto markets	The Kraken app (mobile only), in its Funded tab, on a simulated balance
Markets	Crypto, stock, ETF, index, commodity and FX	Spot crypto (50+ coins; not perps), plus stocks (a selection, in most countries outside the US)
Some trades on-chain	No	No
Rules
Model	1-step or 2-step evaluation	1-step challenge, one at a time
Account sizes	$5K, $10K, $25K	$1K, $10K, $25K
Profit target	10% (1-step); 10% phase 1 / 5% phase 2 (2-step)	12%
Daily loss limit	3% (1-step) / 5% (2-step), recalculated daily at 00:00 UTC from equity	None
Maximum drawdown	5% static (1-step); 9% static (2-step)	3% static below the starting balance, in the challenge and the funded account
Max leverage	Up to 5x on crypto, 3x on stocks and ETFs, 5x on indices, 10x on commodities and 25x on FX (set per market in its trading app; its docs' asset table lists higher maximums)	1x: spot buys and sells in dollar amounts, with no added leverage
Profit split	80%	80%
Payouts	One payout request per day, with no open positions, of at least 1% of the account size; executed by smart contract in USDC	On request, as often as wanted, from $20 of profit; USD to the trader's Kraken account, typically within 24 hours; each withdrawal resets the funded balance to its start
Starting price	from $42 for a $5,000 account (1-step); 2-step from $50	from $20 for a $1,000 account
Minimum days	None (1-step); 0.5%+ profit on 2 days in phase 1 and 3 in phase 2 (2-step)	None
Consistency rule	None	None
US traders	No (on its restricted list)	Yes (crypto only; not in Maine, Massachusetts or New York)
Fee refund	No	No
News trading	Allowed	Allowed (its FAQ: how you trade is up to you)
Weekend holding	Allowed	Allowed (crypto and stocks trade 24/7)
Current offer	None now	None now
Rules checked	November 9, 2026	November 4, 2026

HyperPNL: source 1source 2source 3source 4source 5source 6Kraken Funded: source 1source 2source 3source 4

Prices at each account size

Account	HyperPNL	Kraken Funded
Sizes both sell
$10K	$861-Step Flex2 challenges at this size	$90Challenge
$25K	$2132-Step Flex2 challenges at this size	$250Challenge
Sizes only one sells
$1K	Not sold	$20Challenge
$5K	$421-Step Flex2 challenges at this size	Not sold

Every HyperPNL challengeEvery Kraken Funded challengeEvery firm's challenges

Current offers

HyperPNL

No code seen in the last seven days.

Buy

Kraken Funded

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 29 days.

Firm and program	Bitcoin cap	Daily limit	Move that uses it up	Days Bitcoin moved that far
HyperPNL · 1-step	5x	3%	0.6%	26 of 29
HyperPNL · 2-step	5x	5%	1%	18 of 29

Kraken Funded states no single Bitcoin leverage cap.

Recent rule changes

HyperPNL

1. Aug 20Markets

   Added the DAX, FTSE 100, Nikkei 225 and Hang Seng indices and the Micron and Lumentum stocks.

   Post on X

2. Aug 12Program

   Added 1-Step accounts, a one-phase challenge its homepage lists with a 10% target, a 3% daily loss limit and a 5% static drawdown; it had sold only a two-phase challenge.

   Post on XArchived May 11, 2026

3. Aug 7Markets

   Added 11 stock, ETF and thematic markets: NBIS, CBRS, INTC, SAMSUNG, CXMT, REMX, HYG, TLT, UNG, URA and XLE.

   Post on X

4. Aug 5Other

   Removed the 30-day time limit on each challenge phase; its new Flex accounts have no time limit.

   Post on XPost on X

All 7 HyperPNL changes

Kraken Funded

1. Nov 4Account sizes

   Dropped the $5,000 challenge ($50) and added a $25,000 one at $250; $1,000 stays at $20 and $10,000 at $90.

   Firm's page

Compare with another firm

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