One terminal, from challenge to funded
CarrotFunding runs its own trading platform, with Hyperliquid as the native execution venue. You trade through the CarrotFunding terminal.
Hyperliquid prop firm
Trade Hyperliquid. Get funded.
Trade Hyperliquid markets from the Carrot terminal. No external logins, no platform hopping.
- Built on Hyperliquid
- One-time fee
- No time limit
- One-time fee
- No minimum trading days
- Every rule in one place
- Card or crypto
What you get
A prop account built around Hyperliquid.
Your edge. Our capital.
Every market. One venue.
Trade perps on Hyperliquid.
- Crypto
- Forex
- Commodities
- Stocks
One-time fee
The fee is the only thing you can lose.
See challengesNo time limit
No time limit, no minimum trading days.
No time limitNo minimum trading days
Sign up your way
- Web3 wallet (MetaMask, Rabby)
- Google account
- Email and password
Hybrid model
Your P&L is identical whichever route a trade takes. The Rulebook explains the hybrid model.
A-bookedB-booked
No hidden rules
Every rule in one place.
How it works
Three steps to funded.
Trade Hyperliquid markets from the Carrot terminal. No external logins, no platform hopping.
-
Pick a challenge
Pick a ready setup or build your own challenge.
One-time fee -
Prove your edge
You trade through the CarrotFunding terminal. No time limit, no minimum trading days.
No time limit -
Get funded
Profit targets are removed and payouts become available. Request a payout from your dashboard. Paid in USDC, straight to your wallet.
Paid in USDC
Payouts you can verify.
As of Oct 24, 2026$1M+Funding capital allocated
$80K+Paid out to traders
40+Funded traders
$10K+Largest payout
300+Challenges sold
$1.11M of $1.39M allocated
How to verify → All-time payouts per wallet, paid in USDC.
0xe6f314…c818 +$10,362.70Paid · View transaction ↗ 0x0fbb4f…5ff9 +$4,177.22Paid · View transaction ↗ 0xe992cc…aa83 +$3,223.84Paid · View transaction ↗ 0x1492b0…33fc +$3,036.40Paid · View transaction ↗ 0x6fc62c…10c3 +$2,945.05Paid · View transaction ↗ Selected payouts · source: on-chain records
What traders say about Carrot
$80,446 Paid out to 21 traders As of Oct 24, 2026
From XSee all on X
Quoted from X · View original View post by Alanlegits on XI once got confused about a payout video before, but after checking the chain myself, I confirmed I did get paid correctly. Makes a difference.
Quoted from X · View original View post by taitsgambles on XI get my funded accounts though @carrotfunding who are a DeFi prop firm. A brilliant choice if your looking to take your trading seriously. Lock in with me brother, we’re going to print 💪
Why Carrot
Why trade Hyperliquid with Carrot.
We bet on traders, not against them. We identify great traders and back them with our own capital.
- Trade perps on Hyperliquid.No external logins, no platform hopping.
- Your edge. Our capital.Upon passing the Challenge, you receive a funded account with the same starting balance.
- Transparent rulesEvery rule in one place.
- Card or cryptoCrypto via DePay, card via Stripe.
Compare
Hyperliquid prop account vs. classic prop firm.
How a prop account on Hyperliquid differs from the classic setup on a platform like MetaTrader 5.
| Aspect | CarrotFunding on Hyperliquid | Classic prop firm (MT5-style) |
|---|---|---|
| Where you trade | The CarrotFunding terminal, with Hyperliquid as the native execution venue | A third-party trading platform such as MetaTrader 5 |
| Markets | Trade perps on Hyperliquid. | Varies by firm |
| Sign-up | You can sign up with a Web3 wallet (MetaMask, Rabby), your Google account, or email and password. | Varies by firm |
| How trades are booked | A-book, B-book or partly both | Varies by firm |
| Rules | Every rule in one place. | Varies by firm |
| Payouts | Request a payout from your dashboard. Paid in USDC, straight to your wallet. | Varies by firm |
General comparison. Rules differ from firm to firm, so read the rules of any firm before you buy a challenge.
Still deciding?
Read the full guide, or go straight to the challenges.
The full guide
Hyperliquid prop firm: how it works in detail
CarrotFunding
Contents
1Basics
How a Hyperliquid prop account works
CarrotFunding runs its own trading platform, with Hyperliquid as the native execution venue. You trade through the CarrotFunding terminal.
Once your evaluation begins, you'll trade using our proprietary trading terminal in a simulated trading environment reflecting live trading conditions of the trading venue of choice.
Key takeawayOne terminal for the whole journey; the evaluation is simulated and reflects live conditions.
2Step by step
How to trade on Hyperliquid with CarrotFunding
- 1 Pick a challenge.See challenges →
Compare the setups on the challenges page.
- 2 Sign up.
You can sign up with a Web3 wallet (MetaMask, Rabby), your Google account, or email and password.
- 3 Trade in the terminal.
Once your evaluation begins, you'll trade using our proprietary trading terminal in a simulated trading environment reflecting live trading conditions of the trading venue of choice.
- 4 Trade the venue's markets.Asset Universe →
The exact list of available pairs and instruments is determined by Hyperliquid listed markets and may change as new markets are added or removed.
- 5 Check the rules.Transparency →
Every rule in one place.
- 6 Pass and get funded.
When you pass and verify your identity, you receive a funded account with the same Starting Balance. Profit targets are removed and payouts become available. The risk rules stay, with one change: your Maximum Loss Limit becomes the Loss Floor.
Key takeawayPick, sign up, trade, pass. After the challenge, profit targets fall away and payouts open up.
Ready? See the challenges.
Compare the setups and pick the one that fits how you trade.3BookingHow funded trades are booked
When you trade, CarrotFunding decides at its sole discretion whether to place a matching trade on Hyperliquid with its own vault capital (A-book), keep the risk internally (B-book), or do partly both.
Your P&L is identical whichever route a trade takes. The Rulebook explains the hybrid model.
Key takeawayYour P&L is identical whichever route a trade takes.
4Leverage & marketsLeverage and markets
Leverage is set per position. Choose any leverage up to the limit; using the maximum is never required. Max leverage add-on (coming soon): up to Hyperliquid's maximum for each market.
The exact list of available pairs and instruments is determined by Hyperliquid listed markets and may change as new markets are added or removed. The Asset Universe lists them.
Key takeawayFull leverage is never required, and the markets follow Hyperliquid's listings.
5GlossaryHyperliquid terms in short
- PERPPerpetual future
- A derivative contract without an expiry date. A periodic payment between long and short traders usually keeps its price close to the spot price.
- Perpetual futures: how perps work →
- BOOKOrder book
- A list of open buy and sell orders, usually sorted by price. A trade happens when a buy and a sell order meet.
- LEVLeverage and margin
- Leverage scales the size of a position relative to the collateral you post. Margin is that collateral.
- Leverage and margin basics →
- SCANBlock explorer
- A public website where anyone can read blocks, transactions and addresses of a blockchain.
- Block explorer →
- PORProof of reserves
- A method for showing on-chain that an entity holds the assets it says it holds. It has limits, which the guide explains.
- Proof of reserves →
- A/BA-book and B-book
- When you trade, CarrotFunding decides at its sole discretion whether to place a matching trade on Hyperliquid with its own vault capital (A-book), keep the risk internally (B-book), or do partly both.
- Rulebook: hybrid model →
Ready? See the challenges.
Pick a challenge, trade in the terminal, check the rules yourself.FAQ
Hyperliquid prop firm FAQ
A prop firm whose funded traders trade the markets of Hyperliquid. CarrotFunding runs its own trading platform, with Hyperliquid as the native execution venue.
You trade through the CarrotFunding terminal. Once your evaluation begins, you'll trade using our proprietary trading terminal in a simulated trading environment reflecting live trading conditions of the trading venue of choice.
Pick a ready setup or build your own challenge, pay the one-time fee and start trading on Hyperliquid.
When you trade, CarrotFunding decides at its sole discretion whether to place a matching trade on Hyperliquid with its own vault capital (A-book), keep the risk internally (B-book), or do partly both. Your P&L is identical whichever route a trade takes.
Leverage is set per position. Choose any leverage up to the limit; using the maximum is never required.
The exact list of available pairs and instruments is determined by Hyperliquid listed markets and may change as new markets are added or removed.
When you pass and verify your identity, you receive a funded account with the same Starting Balance. Profit targets are removed and payouts become available. The risk rules stay, with one change: your Maximum Loss Limit becomes the Loss Floor.
Only the challenge fee. It is the only thing at risk.
Ready to trade Hyperliquid?
Learn from other traders, share insights, and grow alongside proven performers.