Kraken Prop vs MyFundedPerps rules, prices and codes side by side
Prices updated
- Kraken Prop
British Virgin Islands · Founded May 2026
- From
- $20
- Challenges
- 18
- Accounts
- $5K to $200K
- MyFundedPerps
SponsorUnited States · Founded September 2026
- From
- $40
- Challenges
- 20
- Accounts
- $5K to $100K
Kraken Prop
MyFundedPerpsMyFundedPerps is built by the team behind My Funded Futures, which has a commercial relationship with OptimistFi.
Where they differ
- Cheapest challenge
- Kraken Prop$20 ($5K Advanced)
- MyFundedPerps$40 ($10K Select)
- Maximum loss
- Kraken Prop3% to 6% static or trailing
- MyFundedPerps3% to 6% static
- Account sizes
- Kraken Prop$5K to $200K
- MyFundedPerps$5K to $100K
- Sizes only this firm sells
- Kraken Prop$200K
- MyFundedPerpsNone
- Challenges
- Kraken Prop18
- MyFundedPerps20
- Country
- Kraken PropBritish Virgin Islands
- MyFundedPerpsUnited States
- Founded
- Kraken PropMay 2026
- MyFundedPerpsSeptember 2026
- Current offer
- Kraken PropNone now
- MyFundedPerps25% off with PERPS
Every rule, side by side
| Rule | Kraken Prop | MyFundedPerps |
|---|---|---|
| The firm | ||
| Country | British Virgin Islands | United States |
| Founded | May 2026 | September 2026 |
| Years in operation | Under 1 | Under 1 |
| Platforms | Kraken Pro | MyFundedPerps web terminal, REST API, MCP server |
| Trades on | Kraken Pro (web and mobile app), on a simulated Prop account | own simulated platform (prices from Binance on most markets, and from Hyperliquid, Veranta or Ostium on the rest) |
| Markets | Crypto, index and commodity | Crypto, stock, commodity, index and FX |
| Some trades on-chain | No | No |
| Rules | ||
| Model | 1-step evaluation (Starter, Intermediate or Advanced; Lite on $50,000) | 1-step evaluation (Select, Prime, Signature or Elite) |
| Account sizes | $5K, $10K, $25K, $50K, $100K, $200K | $5K, $10K, $25K, $50K, $100K |
| Profit target | 10% (Starter) / 12% (Intermediate) / 9% (Advanced) / 6% (Lite) | 9% (Select) / 12% (Prime) / 10% (Signature) / 10% (Elite) |
| Daily loss limit | 3% of the balance at 00:30 UTC, checked against equity (Starter, Intermediate, Advanced); none on Lite | 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 | 6% (Starter) / 5% (Intermediate) / 3% (Advanced), static from the starting balance; $1,500 trailing the highest closed balance on Lite | 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 | 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) | 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%; 90% with an add-on bought at purchase for 20% of the plan price | 80%; 90% with an upgrade bought at checkout |
| Payouts | 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 | 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 $5,000 account (Advanced) | from $40 for a $10,000 Select account |
| Minimum days | None | None |
| Consistency rule | None | None |
| US traders | Yes (crypto only for US clients; not offered in Canada or India) | 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 Prop page sets no restriction on trading strategy) | Allowed; when funded, not from 10 min before to 2 min after high-impact news or earnings |
| Weekend holding | Allowed (margin funding of 0.033% a day applies; 0.013% a day on XYZ100 and SP500 on Lite) | 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 10, 2026 | November 3, 2026 |
Kraken Prop: source 1source 2source 3source 4source 5source 6source 7source 8source 9MyFundedPerps: source 1source 2source 3source 4source 5source 6source 7source 8source 9
Prices at each account size
| Account | Kraken Prop | MyFundedPerps |
|---|---|---|
| Sizes both sell | ||
| $5K | $20Advanced3 challenges at this size | $49$36 with PERPS, first purchase; $39 afterElite, 3% daily loss limit2 challenges at this size |
| $10K | $40Advanced3 challenges at this size | $40$30 with PERPS, first purchase; $32 afterSelect5 challenges at this size |
| $25K | $95Advanced3 challenges at this size | $100$75 with PERPS, first purchase; $80 afterSelect5 challenges at this size |
| $50K | $139Lite4 challenges at this size | $190$142 with PERPS, first purchase; $152 afterSelect5 challenges at this size |
| $100K | $330Advanced3 challenges at this size | $360$270 with PERPS, first purchase; $288 afterSelect3 challenges at this size |
| Sizes only one sells | ||
| $200K | $660Advanced2 challenges at this size | Not sold |
Every Kraken Prop challengeEvery MyFundedPerps challengeEvery firm's challenges
Current offers
- 25% offPERPS
25% off the first purchase, then 20% off every purchase after.
First purchase only
- 25% offELITE
25% off the first two purchases, then 20% off every purchase after.
First purchase only
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 Prop · Starter, Intermediate and Advanced | 10x | 3% | 0.3% | 29 of 29 |
Recent rule changes
Other
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.
Other
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)".
Leverage
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.
Other
Put Puerto Rico back on its restricted list, beside the US Virgin Islands.
Other
Took Puerto Rico off its restricted list; the US Virgin Islands stays on it.
Markets
Its exposure-caps table lists 118 markets, down from 129.
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