AnswersFees and refunds

Do fees and funding count toward Propr Classic 1-Step loss limits (100,000 USDC perpetuals)?

Yes. On Propr's 100,000 USDC Classic 1-Step perpetuals account, trading fees are deducted from balance and affect equity. Funding is automatically debited or credited and also enters equity. Both the daily and overall loss limits monitor equity, including floating profit and loss, in the evaluation and funded stages. A fee or funding debit reduces the room above those limits; a funding credit increases it, with the thresholds and all other values held unchanged.

Applies to

Only this account. Other programs and sizes can have different rules.

Market
Perpetuals
Stages
Evaluation and funded
Sources checked
23 October 2026

When the firm’s pages behind this answer were last checked.

Answer
Published 19 October 2026

What changes when a charge is recorded?

Account entryImmediate effect, with everything else unchanged
Trading-fee debitReduces balance and equity, bringing equity closer to both loss thresholds.
Funding debitReduces equity and the remaining room above both thresholds.
Funding creditIncreases equity and the remaining room above both thresholds.

Funding is therefore not always a cost. Its direction matters. A trade showing a gain from price movement can still leave less equity than that gain suggests once fees and any funding debits are included.

An illustrative sequence of entries

The amounts below are invented entries in USDC, not quoted fee rates or a calculation from position size. Assume they occur within the same daily-loss period, no threshold resets, market P&L stays unchanged, and equity remains above both limits throughout.

EntryCumulative change in equity
Trading fee of 12 USDC debited12 USDC lower
Funding of 8 USDC debited20 USDC lower
Later funding of 5 USDC credited15 USDC lower

The net effect is a 15 USDC reduction in equity and in the distance above each unchanged threshold. If an entry instead takes equity to either threshold, the recorded rule treats that touch as a permanent breach and closes the positions; later entries are not a recovery path.

Check both loss limits

For this 100,000 USDC Classic 1-Step account, the overall threshold is fixed at 94,000 USDC. The daily threshold is reset from the start-of-day balance at 00:00 UTC. The example isolates entries within one period. Do not carry its unchanged-threshold assumption across the daily reset.

Use the account's equity and both applicable thresholds when assessing the remaining room. Subtracting only trading losses misses charges that also enter equity.

For the distinction between account loss rules and position-level liquidation, see the two kinds of limits on perpetual prop accounts.

The evidence

Each value exactly as the account pages show it. Its ⓘ opens the conditions, any calculation and the sources.
RuleWhat the terms sayChecked
Hyperliquid's maker and taker fees, passed through at cost without markup; the asset list gives them per asset, such as 0.015% maker and 0.045% taker on BTC and ETH, and 0.003% maker and 0.009% taker on equities, indices and gold. They are deducted from the balance and count toward profit and loss, and so toward the equity limits.
23 October 2026
Hyperliquid's periodic funding rates are deducted or credited to the account automatically, and their effect is included in equity.
23 October 2026
Maximum drawdown 6% static: the equity limit is 94,000 USDC, set at the start and never moving. Maximum daily loss 3% of the start-of-day balance, reset at 00:00 UTC: the day's equity floor is that balance less 3%. Both limits are on equity, including floating profit and loss, in both stages; touching either breaches the account for good and closes its positions.
23 October 2026

Sources

The pages behind each figure above, what each supports here, and when it was checked for that.

Figures from release pfw-release-2026-10-24-pilot-2, approved 24 October 2026. Reviewed by a site member and AI assistants.