Odyssey on Perpetuals is our 2-phase challenge with no consistency rule, in either phase or on the funded account. Two evaluations, 6% each. Pass both and you are funded. Account sizes from $5,000 to $400,000. The rules are identical to Odyssey on CFD; only the market and platform differ.

$5,000 · $10,000 · $25,000 · $50,000 · $100,000 · $150,000 · $200,000 · $300,000 · $400,000

Profit Target: 6% in Phase 1 + 6% in Phase 2

Reach 6% profit on your account balance in Phase 1. Once you pass, Phase 2 starts with a fresh 6% target. All positions must be closed before each phase is considered complete.
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Daily Drawdown: 4%

Maximum loss allowed within a single trading day. Perpetuals markets never close, so the day boundary is 00:00 UTC. At that moment the system records your starting equity or balance, whichever is higher, and your daily limit sits 4% below it. On a $100,000 account, your maximum daily loss is $4,000. A hard breach.
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Dynamic Risk Shield™: 6%

A trailing drawdown that tracks your account's highest equity point (High Water Mark). The limit is always 6% below this peak. As your equity grows, the shield rises with it and never moves back down. The maximum shield level equals your initial balance, where it locks permanently. A hard breach.
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Example on a $100,000 account:

This rewards consistent growth while protecting against significant drawdowns.
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Max Single Trade Loss: none in the challenge

There is no per-trade loss cap in either phase. It applies only once you are funded.
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Minimum Trading Days: phase 1 requires 2 days. Phase 2 requires 2 days below $100K and 4 days on $100K and larger accounts.

A day counts as a trading day only when it reaches at least 0.5% profit, calculated from the initial balance and measured on the 00:00 UTC boundary. On a $100,000 account, that is $500.
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Consistency: none

There is no consistency rule and no Best Day Rule in either phase.

Reach at least 6% net profit in each phase. Phase 1 requires 2 qualifying days; phase 2 requires 2 below $100K or 4 from $100K. Each day must earn at least 0.5% of initial balance. Stay within the risk limits and close all positions before completion.

Once you pass both phases, you are eligible for a funded account after verification.

The funded account remains simulated, with real payouts when you meet the rules. Daily drawdown remains 4% and the Dynamic Risk Shield™ remains 6%. There is no Best Day Rule.

Profit Split: 80%

Odyssey has a fixed 80% profit split.
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Daily Drawdown: 4%

Reset at 00:00 UTC, the same as in the challenge. On a $100,000 funded account, your maximum daily loss is $4,000.
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Dynamic Risk Shield™: 6%

The same 6% trailing shield carries over from the challenge. It tracks your highest equity point, with the drawdown limit fixed 6% below the peak. It only moves upward, never down, and locks at your initial balance.
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Max Single Trade Loss: 2%

Your loss on any single trade cannot exceed 2% of the initial account balance. On a $100,000 account, that is $2,000 per trade. Positions on the same instrument in the same direction count as one trade. A hard breach.
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Minimum Trading Days:

· 3 trading days on accounts below $100,000

· 4 trading days on accounts from $100,000

A day counts as a trading day only when it reaches at least 0.5% profit, calculated from the initial balance. On a $100,000 account, that is $500.
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No Consistency Rule

There is no Best Day Rule and no consistency requirement on this account. How your profit is spread across days does not affect your payout.
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Payout Requirement: 3%

Before requesting a payout, earn at least 3% in the current payout segment, measured against its starting balance. At the start of a $100K funded account this is $3,000. All other payout conditions also apply.

Payout Frequency: every 14 days (bi-weekly)

You can request your first payout 14 days after your funded account starts, and every 14 days after that.

Markets never close. The daily drawdown and the trading-day count run on the 00:00 UTC boundary. Positions held across it are not closed or reset; only the daily limit is recalculated. See Markets never close: trading 24/7.

Funding and fees count. Funding payments and trading fees move your balance and equity, so they count toward your daily drawdown, your Dynamic Risk Shield™, your profit target and your payout exactly like a trade result. See Funding rates, explained and Fees and how your order fills.

Simulated accounts, real payouts. You trade a simulated balance against live Hyperliquid prices. The payout is real money. See What are Upcomers Perpetuals?.

Inactivity. The standard 35-day inactivity period applies. Close at least one trade within each 35-day window.

KYC and Trader Agreement are one-time only. Not required for future accounts.

The prohibited-strategies policy and rules restricting gambling also apply.

Are the rules different from Odyssey on CFD?

No. Odyssey on Perpetuals and Odyssey on CFD have the same rules. The only differences come from the market: the day boundary is 00:00 UTC on a market that never closes, and funding payments count toward your results.
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What's the profit target?

6% in Phase 1 and 6% in Phase 2. No target in the funded phase. Prefer 1-step? Try our Horizon on Perpetuals, also without consistency.
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Are there minimum trading days?

Yes. Phase 1 requires 2 qualifying days. Phase 2 requires 2 below $100K or 4 from $100K. Funded accounts require 3 below $100K or 4 from $100K. Each qualifying day earns at least 0.5% of initial balance.

Is there a consistency rule?

No. Odyssey has no consistency rule and no Best Day Rule, in either phase or on the funded account.
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Do the rules change on the funded account?

The drawdown limits do not change: the Daily Drawdown stays at 4% and the Dynamic Risk Shield™ at 6%, exactly as in the challenge. On the funded account you also have a 2% Max Single Trade Loss, minimum trading days (3 or 4 depending on account size), a 3% payout requirement and payouts every 14 days.
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When can I withdraw?

Every 14 days, once you have earned the required 3% payout-segment profit and met the qualifying-day and other payout conditions.

What breaches my account?

Exceeding the 4% Daily Drawdown, falling below the 6% Dynamic Risk Shield™, or, on the funded account, exceeding the 2% Max Single Trade Loss. These are hard breaches and end the account. There is no Max Single Trade Loss in the challenge phases.
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What's my profit split?

A fixed 80%.