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

Where they differ

Cheapest challenge

Kraken Funded$20 ($1K Challenge)

MyFundedPerps$40 ($10K Select)

Daily loss limit

Kraken FundedNone

MyFundedPerps3%, or none on some

Maximum loss

Kraken Funded3% static

MyFundedPerps3% to 6% static

Bitcoin leverage

Kraken Funded1:1

MyFundedPerps10x

Account sizes

Kraken Funded$1K to $25K

MyFundedPerps$5K to $100K

Sizes only this firm sells

Kraken Funded$1K

MyFundedPerps$5K, $50K, $100K

Challenges

Kraken Funded3

MyFundedPerps20

Country

Kraken FundedBritish Virgin Islands

MyFundedPerpsUnited States

Founded

Kraken FundedJuly 2026

MyFundedPerpsSeptember 2026

Current offer

Kraken FundedNone now

MyFundedPerps25% off with PERPS

Every rule, side by side

Rule	Kraken Funded	MyFundedPerps
The firm
Country	British Virgin Islands	United States
Founded	July 2026	September 2026
Years in operation	Under 1	Under 1
Platforms	Kraken app	MyFundedPerps web terminal, REST API, MCP server
Trades on	The Kraken app (mobile only), in its Funded tab, on a simulated balance	own simulated platform (prices from Binance on most markets, and from Hyperliquid, Veranta or Ostium on the rest)
Markets	Spot crypto (50+ coins; not perps), plus stocks (a selection, in most countries outside the US)	Crypto, stock, commodity, index and FX
Some trades on-chain	No	No
Rules
Model	1-step challenge, one at a time	1-step evaluation (Select, Prime, Signature or Elite)
Account sizes	$1K, $10K, $25K	$5K, $10K, $25K, $50K, $100K
Profit target	12%	9% (Select) / 12% (Prime) / 10% (Signature) / 10% (Elite)
Daily loss limit	None	3% of starting balance, measured from start-of-day equity; resets at midnight New York time; none on Elite, unless bought with its 3% option
Maximum drawdown	3% static below the starting balance, in the challenge and the funded account	3% (Select) / 5% (Prime) / 6% (Signature), static, locking at the starting balance after the first withdrawal; 5% static on Elite, which never locks
Max leverage	1x: spot buys and sells in dollar amounts, with no added leverage	Set per market on its live exposure-caps table: 10x on BTC and gold, 8x on ETH and oil, 5x on SOL, silver and other commodities, 3x on BNB, DOGE, HYPE, LIT, TRX and XRP and 2x on other crypto, 12x on the S&P 500, Nasdaq 100 and Dow 30, 5x on other indices (2x on SOXL), 5x on Apple, Amazon and Microsoft, 4x on Alphabet, Meta and Nvidia, 3x on most other stocks and 2x on a few, 50x on EUR, JPY and CAD pairs and 25x on GBP, AUD and CHF pairs. Elite accounts raise the S&P 500 and Nasdaq 100 to 40x, the Dow 30 to 25x, gold to 20x and oil to 10x
Profit split	80%	80%; 90% with an upgrade bought at checkout
Payouts	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	One request per New York calendar day per funded account (Elite: anytime, no daily limit); $100 minimum gross profit (Elite: 1% of account size, $50 to $500); reviewed, then paid via Rise or as store credit; $100,000 lifetime payout cap per trader, counted after the split
Starting price	from $20 for a $1,000 account	from $40 for a $10,000 Select account
Minimum days	None	None
Consistency rule	None	None
US traders	Yes (crypto only; not in Maine, Massachusetts or New York)	Yes (not on its restricted list; Puerto Rico and the US Virgin Islands are)
Fee refund	No	Only if unused, within 48 hours of purchase (less a $25 fee)
News trading	Allowed (its FAQ: how you trade is up to you)	Allowed; when funded, not from 10 min before to 2 min after high-impact news or earnings
Weekend holding	Allowed (crypto and stocks trade 24/7)	Allowed on 24/7 markets; FX and standard-hours indices close 15 min before Friday's close
Current offer	None now	25% off with PERPS (+1 more)
Rules checked	November 4, 2026	November 3, 2026

Kraken Funded: source 1source 2source 3source 4MyFundedPerps: source 1source 2source 3source 4source 5source 6source 7source 8source 9

Prices at each account size

Account	Kraken Funded	MyFundedPerps
Sizes both sell
$10K	$90Challenge	$40$30 with PERPS, first purchase; $32 afterSelect5 challenges at this size
$25K	$250Challenge	$100$75 with PERPS, first purchase; $80 afterSelect5 challenges at this size
Sizes only one sells
$1K	$20Challenge	Not sold
$5K	Not sold	$49$36 with PERPS, first purchase; $39 afterElite, 3% daily loss limit2 challenges at this size
$50K	Not sold	$190$142 with PERPS, first purchase; $152 afterSelect5 challenges at this size
$100K	Not sold	$360$270 with PERPS, first purchase; $288 afterSelect3 challenges at this size

Every Kraken Funded challengeEvery MyFundedPerps challengeEvery firm's challenges

Current offers

Kraken Funded

No code seen in the last seven days.

Buy

MyFundedPerps

• 25% offPERPS

  25% off the first purchase, then 20% off every purchase after.

  First purchase only

  PERPSCopy
• 25% offELITE

  25% off the first two purchases, then 20% off every purchase after.

  First purchase only

  ELITECopy

Get the offer

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
MyFundedPerps · Select, Prime and Signature	10x	3%	0.3%	29 of 29

Kraken Funded states no single Bitcoin leverage cap.

Recent rule 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

MyFundedPerps

1. Nov 3Leverage

   Raised leverage on Apple, Amazon and Microsoft from 4x to 5x and cut BNB from 5x to 3x, on every product; Alphabet, Meta and Nvidia stay at 4x.

   Firm's page

2. Oct 26Other

   Put Puerto Rico back on its restricted list, beside the US Virgin Islands.

   Firm's pageFirm's page

3. Oct 23Other

   Took Puerto Rico off its restricted list; the US Virgin Islands stays on it.

   Firm's page

4. Oct 23Markets

   Its exposure-caps table lists 118 markets, down from 129.

   Firm's page

All 14 MyFundedPerps changes

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