Docs › Part 2 · Perpetuals rules › Passing, and what funded means
8 of 24
Passing, and what funded means
In one line: hit the target on closed PnL and the target simply disappears.
The target#
The target is measured on balance — closed, realized PnL. Close your trades to pass. A mark can never pass you, though a mark can absolutely breach you: the limits are measured on equity, and the target is not.
On pass#
The funded account is created automatically: same size, same two limits, no target. No verification step, no second phase, no waiting period. You can request a payout from it immediately — it settles at the next epoch close.
Inactivity#
An account with no activity for 30 days is archived. Archived accounts can be reactivated for up to 90 days; after that they close. Archiving never affects a payout you have already requested.
Version 1.0 · We never change rules retroactively. Changelog