MyFundedPerps vs Carrot Funding
Rules, prices with each firm’s discount code, drawdown and payouts, side by side. Verified October 11, 2026.
MyFundedPerps is the low-cost, single-phase option with a fixed loss floor and a payout request every day, but its loss limits are tight and every account is simulated. Carrot Funding costs more to start and its max loss trails your highest balance. In return it offers roomier 2-Phase limits, executes orders on Hyperliquid's order book and pays USDC on-chain within 24 hours.
MyFundedPerps Affiliate link. We may earn a commission. Verified October 11, 2026.
Carrot Funding Affiliate link. We may earn a commission. Verified October 11, 2026.
Key differences
- MyFundedPerps is cheaper to start: $28 ($10K 1-Step Select, PERPSCOPE) versus $58.50 ($5K 2-Phase, PERPSCOPE) at Carrot Funding.
- At the account sizes both firms sell ($5K, $10K, $50K, $100K), MyFundedPerps has the cheaper plan at 3 of 4 sizes after codes.
- Carrot Funding allows more total loss: up to 10% of the starting balance, versus 6% at MyFundedPerps.
- MyFundedPerps uses static drawdown, so the loss floor never moves up. Carrot Funding's max loss trails your highest balance until the floor reaches the starting balance.
- MyFundedPerps sells 1-phase evaluations, and Carrot Funding sells 1-phase and 2-phase evaluations.
- MyFundedPerps can pay up to 90% of profits with a paid upgrade, versus 80% at Carrot Funding.
- Carrot Funding says its orders execute on-chain (Hyperliquid). MyFundedPerps runs simulated (demo) accounts.
Side-by-side
| Item | MyFundedPerps | Carrot Funding |
|---|---|---|
| Discount | PERPSCOPE: 30% off every challenge (Select, Prime, Signature and Elite) | PERPSCOPE: 10% off your first challenge purchase (1-Phase or 2-Phase, any size) |
| Phases | 1-Step Select (1-step) · 1-Step Prime (1-step) · 1-Step Signature (1-step) · Elite (1-step) | 2-Phase (2-step) · 1-Phase (1-step) |
| Account | $5K, $10K, $25K, $50K, $100K | $5K, $10K, $20K, $50K, $100K |
| Cheapest entry | $28 · $10K 1-Step Select | $58.50 · $5K 2-Phase |
| Profit target | 1-Step Select 9% · 1-Step Prime 12% · 1-Step Signature 10% · Elite 10% | 2-Phase 5% → 8% · 1-Phase 8% |
| Daily loss | 1-Step Select 3% · 1-Step Prime 3% · 1-Step Signature 3% · Elite 3% | 2-Phase 5% · 1-Phase 4% |
| Max loss | 1-Step Select 3% · 1-Step Prime 5% · 1-Step Signature 6% · Elite 5% | 2-Phase 10% · 1-Phase 8% |
| Drawdown type | Static | Trailing |
| Daily reset | 00:00 New York time (04:00 UTC in summer, 05:00 UTC in winter) | 00:00 UTC |
| Minimum trading days | 1-Step Select None · 1-Step Prime None · 1-Step Signature None · Elite None | 2-Phase None · 1-Phase None |
| Profit split | 80% (90% with paid upgrade) | 80% |
| Frequency | One request per funded account per New York day. Elite has no daily limit. | On demand, any time you're eligible |
| Payout minimum | $100 of gross profit. Elite needs 1% of account size ($50 to $250). | 100 USDC per request (the full available amount, no partial payouts) |
| Payout method | Cash through Rise, or 100% store credit | USDC on Arbitrum to a verified wallet. Bank transfer is listed as coming soon. |
| Processing | Every request is reviewed manually. No fixed processing time is published. | Processed within 24 hours |
| Platform | MyFundedPerps terminal · Simulated accounts | Carrot terminal · Orders execute on-chain |
| Markets | Crypto, Stocks, Commodities, Forex, Indices | Crypto, Stocks, Commodities, Indices |
| Leverage | Set per market on the firm's Market Exposure Caps page. Elite goes up to 40x on NAS100/SP500, 20x on gold and 10x on oil. | Up to 5x per position, or lower where Hyperliquid caps a market below 5x. |
| Max funded allocation | $300,000 | $200,000 |
| Legal entity | Funding Perpetuals Holdings, Inc. | Not published |
| Verified | October 11, 2026 | October 11, 2026 |
Every plan at matching account sizes
Prices after each firm’s code. Highlighted rows have the lowest fee per $1 of max loss at that size, meaning the most loss room per dollar spent.
| Account | Firm | Plan | With code | Profit target | Max loss | Fee per $1 of max loss |
|---|---|---|---|---|---|---|
| $5K | Carrot Funding | 2-Phase | $58.50 | $250 → $400 | $500 | $0.12 |
| $5K | Carrot Funding | 1-Phase | $67.50 | $400 | $400 | $0.17 |
| $5K | MyFundedPerps | Elite | $70 | $500 | $250 | $0.28 |
| $10K | MyFundedPerps | 1-Step Select | $28 | $900 | $300 | $0.09 |
| $10K | MyFundedPerps | 1-Step Prime | $42 | $1,200 | $500 | $0.08 |
| $10K | MyFundedPerps | 1-Step Signature | $63 | $1,000 | $600 | $0.11 |
| $10K | Carrot Funding | 2-Phase | $107.10 | $500 → $800 | $1,000 | $0.11 |
| $10K | Carrot Funding | 1-Phase | $116.10 | $800 | $800 | $0.15 |
| $10K | MyFundedPerps | Elite | $140 | $1,000 | $500 | $0.28 |
| $50K | MyFundedPerps | 1-Step Select | $133 | $4,500 | $1,500 | $0.09 |
| $50K | MyFundedPerps | 1-Step Prime | $210 | $6,000 | $2,500 | $0.08 |
| $50K | MyFundedPerps | 1-Step Signature | $301 | $5,000 | $3,000 | $0.10 |
| $50K | Carrot Funding | 2-Phase | $404.10 | $2,500 → $4,000 | $5,000 | $0.08 |
| $50K | Carrot Funding | 1-Phase | $449.10 | $4,000 | $4,000 | $0.11 |
| $100K | MyFundedPerps | 1-Step Select | $252 | $9,000 | $3,000 | $0.08 |
| $100K | MyFundedPerps | 1-Step Prime | $416 | $12,000 | $5,000 | $0.08 |
| $100K | MyFundedPerps | 1-Step Signature | $609 | $10,000 | $6,000 | $0.10 |
| $100K | Carrot Funding | 2-Phase | $629.10 | $5,000 → $8,000 | $10,000 | $0.06 |
| $100K | Carrot Funding | 1-Phase | $719.10 | $8,000 | $8,000 | $0.09 |
Which one should you choose?
Choose MyFundedPerps if…
- You want the lowest price per attempt, one phase and a payout request every day, and you can trade inside 3–6% loss limits.
- You want a lower entry price ($28 with PERPSCOPE).
- You want static drawdown that never trails profits.
- You want a higher maximum split (90%).
- You want a code that discounts every purchase, not just the first.
Choose Carrot Funding if…
- You want fills and payouts you can verify on-chain and wider loss limits, and you accept a trailing max loss and 5x leverage.
- You want more drawdown room (up to 10%).
- You want on-chain execution you can verify.
Frequently asked questions
Which is cheaper, MyFundedPerps or Carrot Funding?
MyFundedPerps is cheaper to start: $28 ($10K 1-Step Select, PERPSCOPE) versus $58.50 ($5K 2-Phase, PERPSCOPE) at Carrot Funding. At the account sizes both firms sell ($5K, $10K, $50K, $100K), MyFundedPerps has the cheaper plan at 3 of 4 sizes after codes.
Which has more drawdown, MyFundedPerps or Carrot Funding?
MyFundedPerps: 1-Step Select 3% max loss (static) · 1-Step Prime 5% max loss (static) · 1-Step Signature 6% max loss (static) · Elite 5% max loss (static). Carrot Funding: 2-Phase 10% max loss (trailing) · 1-Phase 8% max loss (trailing).
How do MyFundedPerps and Carrot Funding payouts compare?
MyFundedPerps: One request per funded account per New York day. Elite has no daily limit. Cash through Rise, or 100% store credit. Carrot Funding: On demand, any time you're eligible. USDC on Arbitrum to a verified wallet. Bank transfer is listed as coming soon.
Is there a discount code for MyFundedPerps and Carrot Funding?
Yes. MyFundedPerps: PERPSCOPE: 30% off every challenge (Select, Prime, Signature and Elite). Carrot Funding: PERPSCOPE: 10% off your first challenge purchase (1-Phase or 2-Phase, any size).
What is the main difference between MyFundedPerps and Carrot Funding?
MyFundedPerps is cheaper to start: $28 ($10K 1-Step Select, PERPSCOPE) versus $58.50 ($5K 2-Phase, PERPSCOPE) at Carrot Funding. At the account sizes both firms sell ($5K, $10K, $50K, $100K), MyFundedPerps has the cheaper plan at 3 of 4 sizes after codes. Carrot Funding allows more total loss: up to 10% of the starting balance, versus 6% at MyFundedPerps.