v1.0 · Live
Complete rules governing all Hypernova Assessment and Funded accounts. By purchasing an assessment, you agree to these rules in full.
GENERAL
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| 01 Overview | 02 Assessment configurations |
| 03 Definitions | |
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| 04 Equity limits | 05 Max daily loss |
| 06 Max drawdown | 07 Breach rules |
| 08 Profit target | |
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| 09 Funded account rules | 10 Payouts |
| 11 Leverage | 12 Tradeable markets |
| 13 What is not restricted | |
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| 14 Prohibited conduct | 15 Account limits |
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| 16 Fees & costs | 17 Risk acknowledgment |
| 18 Quick reference | 19 Support & contact |
| 20 Changelog | |
01. Overview
Hypernova is a permissionless prop trading protocol built on-chain. We fund skilled traders with capital to trade perpetual futures across crypto and TradFi markets — no personal deposit required beyond the assessment fee.
Pass a 1-step assessment. Get funded immediately. Keep up to 80% of your profits. All payouts are executed via smart contract and verifiable on-chain.
This rulebook governs all Hypernova Assessment and Funded accounts. By purchasing an assessment, you agree to these rules in full.
02. Assessment configurations
All assessments are 1-step. Choose your account size, your market access, and your risk tier. Each tier is designed for a different type of trader.
| Parameter | Low risk | Medium risk | High risk |
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| Account sizes | $5K – $200K | $5K – $200K | $5K – $200K |
| Profit target | 10% | 10% | 10% |
| Max drawdown | 6% (static) | 7% (static) | 8% (static) |
| Daily loss limit | 3% | 4% | 5% |
| Max leverage | 5x | 5x | 5x |
| Availability | All users | All users | Restricted |
| Account size | Fee | Profit target | Drawdown floor |
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| $5,000 | $60 | $500 | $4,700 |
| $10,000 | $115 | $1,000 | $9,400 |
| $25,000 | $280 | $2,500 | $23,500 |
| $50,000 | $495 | $5,000 | $47,000 |
| $100,000 | $999 | $10,000 | $94,000 |
| $200,000 | $1,850 | $20,000 | $188,000 |
| Account size | Fee | Profit target | Drawdown floor |
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| $5,000 | TBD | $500 | $4,650 |
| $10,000 | TBD | $1,000 | $9,300 |
| $25,000 | TBD | $2,500 | $23,250 |
| $50,000 | TBD | $5,000 | $46,500 |
| $100,000 | TBD | $10,000 | $93,000 |
| $200,000 | TBD | $20,000 | $186,000 |
High risk accounts are restricted to eligible users only.
| Account size | Fee | Profit target | Drawdown floor |
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| $5,000 | TBD | $500 | $4,600 |
| $10,000 | TBD | $1,000 | $9,200 |
| $25,000 | TBD | $2,500 | $23,000 |
| $50,000 | TBD | $5,000 | $46,000 |
| $100,000 | TBD | $10,000 | $92,000 |
| $200,000 | TBD | $20,000 | $184,000 |
03. Definitions
Balance
Total account value based on closed (realised) P&L only. Does not include floating positions.
Equity
Real-time account value including both closed P&L and the floating (unrealised) P&L of all open positions. Equity = Balance + Unrealised P&L.
Equity limit
A predefined equity level. If your account equity reaches or falls to this level, a breach is triggered immediately.
Breach
The automatic closure of all open positions and permanent termination of the account. A breached account cannot be recovered, reset, or appealed.
Profit target
The balance growth required to pass the assessment, expressed as a percentage of starting balance. Applies only during the assessment stage.
Starting balance
The initial account size at activation. Used as the fixed reference for all static drawdown calculations.
04. Equity limits
Every Hypernova account has two equity limits active at all times, in both the assessment and funded stages:
- Maximum daily loss — a daily equity limit recalculated every day at 00:00 UTC.
- Maximum drawdown — a static overall equity limit set once at account creation. It never moves.
Both limits are equity-based — they account for open floating positions, not just closed trades. If your equity reaches or falls below either limit at any point, for any duration, the sub-account is immediately and permanently breached.
05. Max daily loss
The daily loss limit sets a floor for how much your account equity can decline within a single calendar day.
Low risk
3%of prior day’s closing balance
Medium risk
4%of prior day’s closing balance
High risk
5%of prior day’s closing balance
Daily equity limit = Balance at 00:00 UTC × (1 − Daily loss %)
- The daily limit resets every day at 00:00 UTC. It is not fixed.
- If your balance grows, your daily equity limit rises — giving you more room the next day. If it falls, the limit falls too.
- Calculation is based on balance (closed P&L), but enforcement is equity-based (includes open positions).
- Even a momentary touch of the equity limit triggers a breach. There is no grace period.
06. Max drawdown
The maximum drawdown sets an absolute floor for the account — the lowest your equity can ever go. It is calculated once at account creation from your starting balance and never moves, regardless of profits made.
Max drawdown equity limit = Starting balance × (1 − drawdown %)
| Risk tier | Max drawdown | $50K floor | $100K floor | $200K floor |
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| Low risk | 6% | $47,000 | $94,000 | $188,000 |
| Medium risk | 7% | $46,500 | $93,000 | $186,000 |
| High risk | 8% | $46,000 | $92,000 | $184,000 |
- The static floor never moves. Profit does not raise it. Losses do not lower it.
- As you profit, the buffer between your balance and the floor widens. This is intentional.
- Enforcement is equity-based. Open floating positions count toward this limit.
- Even a momentary touch triggers a breach. There is no grace period.
07. Breach rules
A breach occurs when the Hypernova risk engine detects that an account’s equity has reached or fallen below either equity limit — maximum daily loss or maximum drawdown.
What happens on breach
- All open positions are immediately closed.
- The sub-account is permanently disabled.
- No further trading is possible on that sub-account.
- No payouts are available from a breached sub-account.
Breaches are permanent. There are no resets, appeals, or exceptions. There is no distinction between a “soft” and “hard” breach — any breach is final.
You do not need to close a trade for a breach to occur. If your floating P&L causes equity to touch an equity limit, the breach is triggered automatically.
You are never liable for losses beyond your assessment fee. A breach simply means the sub-account is closed. You may purchase a new assessment at any time.
08. Profit target
To pass the assessment and receive a funded account, your account balance must reach the profit target. The profit target applies only to the assessment stage. Funded accounts have no profit target.
| Account size | Profit target | Balance required to pass |
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| $5,000 | $500 | $5,500 |
| $10,000 | $1,000 | $11,000 |
| $25,000 | $2,500 | $27,500 |
| $50,000 | $5,000 | $55,000 |
| $100,000 | $10,000 | $110,000 |
| $200,000 | $20,000 | $220,000 |
- The profit target is based on balance (closed P&L). You must close trades to realise profit.
- If your equity reaches the profit target while you have open positions, Hypernova will close those positions on your behalf to realise the gains and pass the assessment.
- Once your balance reaches or exceeds the target, the assessment is automatically passed.
- There is no time limit to reach the profit target.
- There is no minimum number of trading days. You can pass in a single trade.
09. Funded account rules
Upon passing the assessment, you receive a funded account with the same starting balance. Your risk tier and equity limits carry over unchanged.
Rules that carry over
- Maximum daily loss (recalculated daily at 00:00 UTC from prior day’s closing balance)
- Maximum drawdown (static floor from original starting balance — never moves)
- Equity-based enforcement on both limits
- Breach rules — permanent, no resets
What changes
- No profit target — trade freely and withdraw when you choose
- Payouts available — withdraw profits instantly at any time
10. Payouts
Profit split
You keep 80% of all profits generated on your funded account. Hypernova retains 20%. A talent scaling programme with improved profit splits is coming soon.
Payout = (Current balance − Starting balance) × 0.80
- On-demand, at any time — no minimum waiting period
- No minimum payout amount — just be in profit
- No limit on the number of payout requests
- Processed instantly via smart contract — avg. processing time under 0.02 seconds
- All payouts settled in USDC on-chain, 24/7
Example payout — \$50,000 account
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| Starting balance | $50,000 |
| Current balance | $56,000 |
| Gross profit | +$6,000 |
| Your split (80%) | $4,800 |
| Hypernova (20%) | $1,200 |
| Payout (USDC) | $4,800 |
| New balance | $51,200 |
| Drawdown floor | $47,000 (unchanged) |
- You cannot withdraw if your account is not in profit.
- Payouts are not available on assessment or breached accounts.
11. Leverage
Maximum leverage is 5x across all risk tiers and asset classes. You are not required to use maximum leverage — any amount up to the limit is permitted.
| Asset class | Max leverage |
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| Crypto perpetuals (all pairs) | 5x |
| TradFi perpetuals (equities & commodities) | TBD |
12. Tradeable markets
Hypernova operates on Hyperliquid. When purchasing an assessment, choose your market access:
| Market access | Coverage | Pairs |
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| Crypto | Crypto perpetual futures | 100+ |
| TradFi | Equity and commodity perpetuals | 50+ |
| All markets | Crypto + TradFi combined | 150+ |
13. What is not restricted
Hypernova does not impose any of the following rules or restrictions:
| Rule | Status |
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| Consistency rule | None. No cap on single-day profit as a percentage of total. |
| Minimum trading days | None. Pass the assessment in one trade if you want. |
| Time limit | None. Take as long as you need to pass. |
| Profit cap | None. No maximum on how much you can earn. |
| News trading restriction | None. Trade during any market event. |
| Weekend holding restriction | None. Hold positions over weekends — crypto markets are 24/7. |
| Risk-per-trade rule | None. No maximum position size beyond leverage limits. |
| Mandatory stop-loss | None. Stop-losses are not required (though recommended). |
| Strategy restrictions | None. Scalping, swing, grid, and all other styles are permitted. |
| EA / bot restrictions | None. Automated trading is permitted on your own account. |
Our philosophy: The two equity limits — daily loss and max drawdown — are the only trading guardrails. How you trade within those limits is entirely up to you.
14. Prohibited conduct
While trading strategies are unrestricted, the following conduct is prohibited and will result in immediate account termination and a permanent ban.
1 · Cross-account hedging and arbitrage
Opening opposing positions on the same instrument across two or more Hypernova accounts — or between a Hypernova account and an account at any third-party firm — to guarantee that one account profits while the other is sacrificed. Each account must be traded independently.
2 · Copy trading, signal services, and off-the-shelf strategies
Using third-party signals, copy trading services, or external sources to mirror positions into a Hypernova account. This includes executing trade ideas sourced from trading communities, social media, research reports, or crowdsourced platforms. Using strategies that are specifically marketed or designed to pass prop firm evaluations is also prohibited. Automated strategies built and operated by the trader themselves on a single account are permitted.
3 · Account sharing or multi-account access
Each account is tied to one individual. Transferring, selling, or sharing account credentials is prohibited. Trading multiple accounts from the same household, device, or IP address without prior approval is also prohibited.
4 · Exploiting platform errors, latency, or pricing anomalies
Intentionally exploiting technical errors, latency issues, price feed anomalies, or any other platform irregularities for profit.
5 · Identity fraud
Providing false identity information at registration or creating multiple accounts under different identities.
6 · Insider trading and front-running
Using non-public or insider information to inform trades. Front-running trades placed on other venues or by other parties is also prohibited.
7 · Strategy switching
Using one trading strategy to pass the assessment and then switching to a materially different strategy on the funded account. Your funded account trading should be consistent with the approach demonstrated during the assessment.
8 · Strategies that cannot be replicated in live markets
Using trading strategies that are difficult or impossible to replicate on the live market, or that carry heightened risk when doing so. This includes but is not limited to trades that risk auto-deleveraging due to margin requirements, trades resulting in excessively large fluctuations in unrealised P&L, and any approach that exploits the simulated nature of the environment.
9 · Conduct harmful to liquidity providers or regulatory standing
Trading in any way that jeopardises Hypernova’s relationship with its liquidity providers, or that creates regulatory risk for Hypernova or any counterparty. This includes any activity prohibited by the liquidity providers used by Hypernova.
Detection & enforcement
Hypernova uses automated monitoring systems to detect prohibited behaviours. When violations are identified, Hypernova may suspend trading and/or payouts, permanently terminate the account with no payout, and ban the individual from future assessments. Decisions are final.
15. Account limits
Traders not on a scaling plan may hold multiple active funded accounts, up to an aggregate funded balance of $200,000. Additionally, traders may only have one active assessment account per asset class at any given time.
16. Fees & costs
Assessment fee — a one-time, non-refundable fee paid to activate an assessment account. See section 02 for pricing.
Trading fees — standard Hyperliquid maker/taker fees apply, passed through at cost with no markup. Trading fees are deducted from your balance and count toward your P&L.
Funding rates — Hyperliquid perpetual contracts carry periodic funding rates, debited or credited automatically. Funding rate impact is included in your equity calculation.
No hidden fees — there are no monthly fees, inactivity fees, data fees, platform fees, or withdrawal fees. The assessment fee and standard trading costs are the only charges.
17. Risk acknowledgment
By purchasing a Hypernova assessment, you acknowledge and accept the following:
- Most traders do not pass. The assessment is designed to be rigorous. There is no guarantee of success.
- Assessment fees are non-refundable. If you fail or breach, the fee is not returned.
- Funded accounts can be lost. Even after passing, your funded account is subject to the same drawdown rules and can be breached at any time.
- Past performance is not indicative of future results. Passing one assessment does not guarantee future profitability.
- Crypto markets are volatile. Prices can move rapidly and unpredictably. Losses can be sudden and severe.
- Leverage amplifies risk. Higher leverage means larger gains but also larger losses relative to account size.
- You are not trading your own capital. You do not own the funded account or any positions within it. You are eligible for performance-based payouts only.
- Hypernova may modify these rules. Updates are communicated with notice and applied prospectively. Active funded accounts are governed by the rules in effect at the time of account activation.
18. Quick reference
| Parameter | Low risk | Medium risk | High risk |
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| Profit target | 10% of starting balance | 10% | 10% |
| Max daily loss | 3% (reset 00:00 UTC) | 4% | 5% |
| Max drawdown | 6% static | 7% static | 8% static |
| Drawdown type | Equity-based (includes floating P&L) | — | — |
| Max leverage | 5x | 5x | 5x |
| Profit split | N/A | — | — |
| Payouts | Not available | — | — |
| Time limit | None | None | None |
| Min trading days | None | None | None |
| Breach | Permanent, no resets | — | — |
| Parameter | Low risk | Medium risk | High risk |
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| Profit target | None | None | None |
| Max daily loss | 3% (reset 00:00 UTC) | 4% | 5% |
| Max drawdown | 6% static | 7% static | 8% static |
| Drawdown type | Equity-based (includes floating P&L) | — | — |
| Max leverage | 5x | 5x | 5x |
| Profit split | 80% to trader | — | — |
| Payouts | On-demand · instant · USDC · 24/7 | — | — |
| Min to withdraw | None — just be in profit | — | — |
| Breach | Permanent, no resets | — | — |
For questions about these rules, your account, or payout requests:
- Discord — discord.gg/hypernova
- Docs — hypernova.xyz/docs
- Dashboard — app.hypernova.xyz
This rulebook governs all Hypernova Assessment and Funded accounts. Hypernova reserves the right to update these rules with reasonable notice. The most current version is always available at hypernova.xyz/docs/rulebook.
20. Changelog
Every rule change is documented here with the date it took effect. We never change rules retroactively — the version active on the day your assessment started governs your account for its lifetime.
March 31, 2026 · v1.0 — Initial rules established
- 1-step evaluation model introduced across six account sizes ($5K–$200K)
- Three risk tiers: Low (3% daily / 6% drawdown), Medium (4% / 7%), High (5% / 8%)
- All drawdown is static from starting balance — never trailing
- Profit target: 10% across all tiers and account sizes
- Max leverage: 5x across all tiers and asset classes
- 150+ tradeable markets: crypto and TradFi perpetuals on Hyperliquid
- 80% profit split for all funded traders
- On-demand payouts via USDC on-chain — avg. processing time under 0.02 seconds
- No time limit, no minimum trading days, no consistency rules
- News trading, weekend holding, EAs, and all trading styles permitted
Commit: a3f92c1
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