Crypto prop firm rules
2-Step challenge rules, in plain words.
This page is generated from the published ruleset. The engine that evaluates your account reads the same document, and your account keeps the version it was bought with.
New to the rules? Crypto prop firm rules, explained walks through each one with an example.
01Phase 1
| Rule | What it means | Formula | 10K account |
|---|---|---|---|
| Profit target | Reach 8% profit on the starting balance, measured on closed trades. | balance − B0 ≥ 8% × B0 | $800: a balance of $10,800 |
| Daily loss limit | Equity may not fall below today's floor: the higher of balance and equity at 00:00 UTC, minus 5% of the starting balance. Equal is allowed. | equity ≥ anchor − 5% × B0 | $500 of room; a day opening at $10,000 has its floor at $9,500 |
| Max loss limit | Equity may not fall below the starting balance minus 10%. The floor is static: measured from the starting balance, it never moves. | equity ≥ B0 − 10% × B0 | Floor at $9,000 |
| Minimum trading days | Trade on at least 3 separate UTC days. A day counts once it has one fill. | tradingDays ≥ 3 | 3 days |
| Close to pass | The phase completes only with no open position and no order that adds exposure. | positions = 0 | — |
| Time limit | None. Take the time you need. | — | — |
| Inactivity | An account with no fill for 30 days ends. | daysSinceLastFill < 30 | — |
02Phase 2
| Rule | What it means | Formula | 10K account |
|---|---|---|---|
| Profit target | Reach 5% profit on the starting balance, measured on closed trades. | balance − B0 ≥ 5% × B0 | $500: a balance of $10,500 |
| Daily loss limit | Equity may not fall below today's floor: the higher of balance and equity at 00:00 UTC, minus 5% of the starting balance. Equal is allowed. | equity ≥ anchor − 5% × B0 | $500 of room; a day opening at $10,000 has its floor at $9,500 |
| Max loss limit | Equity may not fall below the starting balance minus 10%. The floor is static: measured from the starting balance, it never moves. | equity ≥ B0 − 10% × B0 | Floor at $9,000 |
| Minimum trading days | Trade on at least 3 separate UTC days. A day counts once it has one fill. | tradingDays ≥ 3 | 3 days |
| Close to pass | The phase completes only with no open position and no order that adds exposure. | positions = 0 | — |
| Time limit | None. Take the time you need. | — | — |
| Inactivity | An account with no fill for 30 days ends. | daysSinceLastFill < 30 | — |
03Funded (simulated)
| Rule | What it means | Formula | 10K account |
|---|---|---|---|
| Daily loss limit | Equity may not fall below today's floor: the higher of balance and equity at 00:00 UTC, minus 5% of the starting balance. Equal is allowed. | equity ≥ anchor − 5% × B0 | $500 of room; a day opening at $10,000 has its floor at $9,500 |
| Max loss limit | Equity may not fall below the starting balance minus 10%. The floor is static: measured from the starting balance, it never moves. | equity ≥ B0 − 10% × B0 | Floor at $9,000 |
| Consistency | Your best day may be at most 40% of the profit in a payout window. If it is larger, the payout waits until it is not. | profit ≥ bestDay ÷ 40% | Shown live on the dashboard as the effective target |
| Time limit | None. Take the time you need. | — | — |
| Inactivity | An account with no fill for 30 days ends. | daysSinceLastFill < 30 | — |
| Profit split | You receive 80% of the simulated profit since the last payout, as a reward. | reward = 80% × (balance − B0) | — |
| Payout cycle | Request every 14 days, the first 14 days after the funded account starts, with all positions closed. | — | — |
| Payout limits | Minimum $50. At most 5% of the starting balance per payout. Lifetime cap $100,000. | — | $500 per payout |
04Trading conditions
- Leverage is capped at 5x on majors, 3x on mid caps and 2x on others, or the symbol's own cap if lower.
- Fees: 0.05% of notional for taker fills, 0.02% for maker fills.
- Market orders fill against the live Bybit order book, level by level. The walk stops at 100 basis points from the best price; any remainder is cancelled.
- One-way positions: an order in the other direction reduces, closes or flips the position.
- Rewards on the funded account are paid in bitcoin, and the evaluation fee is refunded with the first one.