At a glance
Which markets can I trade on Propr, and how does it work?
Propr offers Hyperliquid perpetual futures, including crypto assets such as BTC and ETH, equities, indices, commodities and FX. The Official Rulebook lists over 140 markets. All accounts, including Funded accounts, are simulated. Leverage is set automatically for each asset (up to 10x for BTC, ETH and SOL).
Source: Official Propr Rulebook ↗ · Verified 2026-09-27
Related guidesWhat is Hyperliquid?→
01TERMINAL
A trading terminal. An evaluation programme.
Propr combines a dedicated trading interface with a rules-based performance evaluation. Participants use charts, orders, positions and account P&L to manage their simulated evaluation.
The official rules describe Hyperliquid perpetual markets, including crypto, equity and commodity exposure. This does not mean owning the underlying shares. Available instruments can change; consult the official dashboard for the current list.
Read orders, open positions and account limits separately. Being able to place an order does not mean the account meets evaluation conditions. Check equity as well as profit and loss.
Charts, orders and position management in one interface.
Trading fees and funding rates affect P&L and equity. Funding is a periodic adjustment in perpetual markets and may be paid or received.
02ACCOUNT
Funded accounts are simulated too.
The Risk Disclaimer describes every account as simulated. Balances, prices, leverage and P&L are hypothetical measures for evaluating performance and calculating rewards. Participants do not own Propr's live positions or capital.
An evaluation fee pays for a service. It is not a deposit of trading capital or an investment. Payments to qualifying participants are performance-based rewards for signals.
Account size is the simulated evaluation balance. The fee pays for the evaluation service. A 25K balance is not a deposit or an amount you can withdraw.
03COSTS
Trading costs affect the result.
Trading fees and funding rates affect P&L and equity. Funding is a periodic adjustment in perpetual markets and may be paid or received.
Open-position P&L is included in equity-based limits and targets. You do not need to close a trade for a loss-limit breach to occur.
For example, a $25,000 balance and −$500 unrealized P&L give $24,500 equity. This is an illustration; check how costs are reflected in the actual account.
04EXECUTION
Propr decides whether to replicate a signal.
Funded signals may be routed to Hyperliquid as A-book trades, or recorded internally as B-book entries. The official rules state that each trade displays its execution label in the dashboard.
Live positions belong to Propr. Participants do not choose the execution method. B-book records do not appear on-chain.
FAQ
FAQ: Propr markets and execution
QWhich markets can I trade on Propr?
AAll perpetual futures available on Hyperliquid are eligible, including crypto, equity, index, commodity and FX perpetuals.
QDo Propr accounts trade with real money?
ANo. All accounts, including Funded accounts, are simulated. Propr decides for each trade whether to place an order in the live market (A-book / B-book).
QDoes P&L differ between A-book and B-book?
ANo. P&L is identical under both methods, and you can see how each trade was handled on the dashboard. Traders cannot choose the method.
Glossary
Terms on this page, explained simply.
- Hyperliquid
- The decentralized crypto exchange used as Propr's trading venue. Trading is limited to perpetual futures.
- Perpetual futures (Perpetual)
- Futures contracts with no expiry. You can trade rising or falling prices, and periodic funding payments apply.
- Leverage
- The multiplier that allows you to trade amounts larger than your account's capital. Propr sets limits for each asset and applies them automatically.
- A-book / B-book
- A-book sends orders to Hyperliquid for live execution; B-book records them and calculates P&L internally. P&L is identical for both, and the method is shown for each trade.
- Simulated account
- An account for trading with a simulated balance rather than real money. All Propr Evaluation and Funded accounts use this format.
Rulebook / Markets & execution
Available markets and the 2 ways orders are handled.
Maximum leverage
| Asset | Type | Limit |
|---|---|---|
| BTC, ETH, SOL | Perpetual futures | 10x |
| Other crypto assets | Perpetual futures | 2x |
| Equities | Perpetual futures | 4x |
| S&P500 / XYZ100 (Nasdaq) | Indices | 10x |
| Other indices | Indices | 5x |
| Gold, silver and crude oil (WTI / Brent) | Commodities | 8x |
| Other commodities | Commodities | 5x |
| FX | Perpetual futures | 25x |
- A-book
- Sent to Hyperliquid and verifiable onchain
- B-book
- Recorded with P&L calculated internally; not visible onchain
- P&L
- Identical results under either method
- Selection
- Propr decides for each trade; traders cannot choose
SourcesOfficial Propr Rulebook↗