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

Prices updated Nov 11

Hyperstack
Cayman Islands · Founded June 2026
From
Free
Challenges
6
Accounts
$1K to $100K
Buy
Kraken Prop
British Virgin Islands · Founded May 2026
From
$20
Challenges
18
Accounts
$5K to $200K
Buy

Where they differ

Cheapest challenge: HyperstackFree ($1K 1-Step Challenge); Kraken Prop$20 ($5K Advanced)
Daily loss limit: Hyperstack5%; Kraken Prop3%, or none on some
Maximum loss: Hyperstack5% trailing; Kraken Prop3% to 6% static or trailing
Profit split: Hyperstack90%; Kraken Prop80%
Account sizes: Hyperstack$1K to $100K; Kraken Prop$5K to $200K
Sizes only this firm sells: Hyperstack$1K; Kraken Prop$200K
Challenges: Hyperstack6; Kraken Prop18
Some trades on-chain: HyperstackYes; Kraken PropNo
Country: HyperstackCayman Islands; Kraken PropBritish Virgin Islands
Founded: HyperstackJune 2026; Kraken PropMay 2026

Every rule, side by side

Rule	Hyperstack	Kraken Prop
The firm
Country	Cayman Islands	British Virgin Islands
Founded	June 2026	May 2026
Years in operation	Under 1	Under 1
Platforms	Hyperliquid	Kraken Pro
Trades on	Hyperliquid (trader's own wallet, mirrored into a simulated account)	Kraken Pro (web and mobile app), on a simulated Prop account
Markets	Crypto, commodity, index and stock	Crypto, index and commodity
Some trades on-chain	Yes	No
Rules
Model	1-step challenge	1-step evaluation (Starter, Intermediate or Advanced; Lite on $50,000)
Account sizes	$1K, $5K, $10K, $25K, $50K, $100K	$5K, $10K, $25K, $50K, $100K, $200K
Profit target	10%	10% (Starter) / 12% (Intermediate) / 9% (Advanced) / 6% (Lite)
Daily loss limit	5% from the day's opening equity	3% of the balance at 00:30 UTC, checked against equity (Starter, Intermediate, Advanced); none on Lite
Maximum drawdown	5% end-of-day trailing (challenge); 8% end-of-day trailing (scaled account)	6% (Starter) / 5% (Intermediate) / 3% (Advanced), static from the starting balance; $1,500 trailing the highest closed balance on Lite
Max leverage	No limit on the trader's Hyperliquid account; mirrored exposure capped (challenge tier: 50% per crypto pair, 400% total portfolio)	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	90% (paid to invited Scaled Trader Program participants)	80%; 90% with an add-on bought at purchase for 20% of the plan price
Payouts	Monthly (30-day cycle), in USDC to the connected wallet; KYC required to receive a payout	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 $74 for a $5,000 account; a free $1,000 account is also offered, limited to 200	from $20 for a $5,000 account (Advanced)
Minimum days	None	None
Consistency rule	None	None
US traders	Not stated	Yes (crypto only for US clients; not offered in Canada or India)
Fee refund	Only before the first trade, per Vanta's terms; its own terms say before the account opens	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 4, 2026	November 10, 2026

Hyperstack: source 1 source 2 source 3 source 4 source 5Kraken 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	Hyperstack	Kraken Prop
Sizes both sell
$5K	$741-Step Challenge · sold out	$20Advanced3 challenges at this size
$10K	$1351-Step Challenge · sold out	$40Advanced3 challenges at this size
$25K	$3091-Step Challenge · sold out	$95Advanced3 challenges at this size
$50K	$5791-Step Challenge · sold out	$139Lite4 challenges at this size
$100K	$9991-Step Challenge · sold out	$330Advanced3 challenges at this size
Sizes only one sells
$1K	Free1-Step Challenge · sold out	Not sold
$200K	Not sold	$660Advanced2 challenges at this size

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

Current offers

Hyperstack

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
Kraken Prop · Starter, Intermediate and Advanced	10x	3%	0.3%	30 of 30

Hyperstack states no single Bitcoin leverage cap.

Recent rule changes

Hyperstack

Oct 30Account sizes
Marked 6 challenges ($1,000 1-Step Challenge; $5,000 1-Step Challenge; $10,000 1-Step Challenge; $25,000 1-Step Challenge; $50,000 1-Step Challenge; $100,000 1-Step Challenge) sold out.
Firm's page
Oct 26Account sizes
Put 5 challenges ($5,000 1-Step Challenge; $10,000 1-Step Challenge; $25,000 1-Step Challenge; $50,000 1-Step Challenge; $100,000 1-Step Challenge) back on sale.
Firm's page
Oct 24Account sizes
Marked 5 challenges ($5,000 1-Step Challenge; $10,000 1-Step Challenge; $25,000 1-Step Challenge; $50,000 1-Step Challenge; $100,000 1-Step Challenge) sold out.
Firm's page
Oct 23Program
Put every challenge size back on sale, from $74 for $5,000 to $999 for $100,000, and opened free $1,000 accounts limited to 200; every size had shown as sold out with a waitlist.
Firm's page

All 5 Hyperstack changes