Futures Prop Firms vs Perps Prop Firms: What's Different
Updated · 2 min read
Futures prop firms fund traders on CME contracts (ES, NQ, CL) through platforms like Rithmic and Tradovate, with session hours and mostly end-of-day trailing drawdowns. Perps prop firms fund traders on 24/7 crypto perpetuals through Bybit, Hyperliquid or their own terminals, with UTC daily-loss resets and payouts in USDC or USDT. The line is blurring: MyFundedFutures launched MyFundedPerps in September 2026.
- Futures firms: CME products, set sessions, trailing EOD drawdowns, payouts via bank or payroll platforms.
- Perps firms: crypto perps (plus some stock/commodity perps), 24/7, static or trailing drawdowns on equity, crypto payouts.
- Hyperprop (hyperprop.com) is a futures trading platform for prop traders from the Tradesyncer team, not a firm.
- Futures prop firm brands are entering perps: MyFundedFutures → MyFundedPerps.
Side by side
| Futures prop firms | Perps prop firms | |
|---|---|---|
| Instruments | CME futures (ES, NQ, CL, GC…) | Crypto perps; some stock, index and commodity perps |
| Hours | CME sessions, ≈ 23/5 | 24/7 |
| Platforms | Rithmic, Tradovate, NinjaTrader, Hyperprop | Bybit, Hyperliquid, own terminals, Match-Trader |
| Drawdown style | Mostly trailing, often end-of-day | Static (1-step) or trailing (2-step), checked on equity |
| Daily reset | Session close | Fixed UTC time (00:00–00:30) or New York midnight |
| Payouts | Bank, Rise, payroll platforms | USDC/USDT on-chain, sometimes bank |
| Pricing | Monthly subscriptions common | One-time fees common |
The crossover firms
MyFundedPerps is the clearest crossover. It ran a September 2026 launch competition that paired MyFundedPerps accounts with MyFundedFutures 'Rapid' accounts as prizes, and it pays through Rise like its futures sibling. Its rules borrow futures-firm habits, including a daily reset on New York time rather than UTC.
Hyperprop, often mistaken for a Hyperliquid prop firm, is a futures trading platform with live CME data, multi-account management and copy trading. It explicitly says it's not a prop firm and doesn't sell evaluations.
Frequently asked questions
Can I trade crypto at a futures prop firm?
Some futures firms allow CME Bitcoin and Ether futures (Micro BTC is 0.1 BTC). That's a dated futures contract, not a perp, and it follows CME hours.
What is Hyperprop?
A trading platform for futures prop firm traders, built by the team behind Tradesyncer. It doesn't fund accounts.
Sources
- MyFundedFutures — Hyperprop
- Hyperprop
- MyFundedPerps Docs — Launch competition
- Tradesyncer — Who started Tradesyncer?
Educational content, not financial advice. Perps and prop evaluations are high-risk; firm rules change, so check each firm's current terms.