Hyperliquid prop program reference · Reviewed 2026-11-08

Hyperliquid Prop Firm Guide: glossary

Published by Legend. Legend owns this guide and benefits if you become a customer. This is a company reference, not an independent review.

Definitions for hyperliquid prop program reference.

Legend Capital uses simulated trading balances. Starting capital is not withdrawable. Eligible funded profits are paid under the purchased program’s terms.

Evaluation

A program phase in which a trader must meet a target while staying within the purchased account’s rules. Passing is not guaranteed.

Simulated balance

A program accounting balance used for simulated trading. In Legend Capital, the starting balance cannot be withdrawn as cash.

Static loss limit

A threshold fixed from a defined starting reference. A daily or trailing rule can use a different reference and must be calculated separately.

Eligible funded profit

Profit that meets the program’s requirements for a payout. The contract, trading costs, profit share, and payout conditions determine what qualifies.