Rulebook

OWNIT is in private beta.

Definitions

Term	Meaning
Balance	Account value from closed trades only.
Equity	Balance plus the unrealized P&L of open positions. Both loss limits are checked on equity.
Start-of-day balance	A snapshot of your balance at 00:00 UTC: closed trades only, no unrealized P&L. The max daily loss floor is measured from it.
Floor	The equity level at which a limit is hit.
From breach	Distance from your equity to the nearer floor.
Breach	Equity touches a floor. Positions close and the account stops trading.

Both loss limits are measured on equity, not balance. An open loss can breach the account before you close the trade.

Quick reference

Nothing is abbreviated here. Where a rule is identical in both phases, it is written out in both columns.

Parameter	Evaluation	Funded
Account sizes	$5,000, $10,000, $25,000, $50,000, $100,000	The size of the evaluation you passed
Profit target	10% of starting balance, measured on balance	None. There is no profit target on a funded account
Max daily loss	3% of start-of-day balance. Checked on equity, resets 00:00 UTC	3% of start-of-day balance. Checked on equity, resets 00:00 UTC
Max loss	8% of starting balance. Static, checked on equity	8% of starting balance. Static, checked on equity
Best day	Your best day must be ≤ 50% of the sum of your profitable days before you can claim funding	Your best day must be ≤ 50% of the sum of your profitable days before you can request a payout
Leverage	Up to 5x, set per market	Up to 5x, set per market
Reward	Not applicable. Evaluation profit is not paid out	90% of your simulated profit, paid to you in USDC
Minimum payout	Not applicable	$20 of available profit
Maximum payout	Not applicable	$10,000 a day, during private beta
Partial payouts	Not applicable	Not available. A payout takes the full available profit, up to the daily cap
After a payout	Not applicable	Balance and equity return to the starting balance and the objectives reset with it. Profit above the cap is not carried over
Evaluation fee	Paid once, at purchase	Refunded for the first funded account qualifying for a payout
Breach	The account ends. Buy a new evaluation to trade again	The account ends. Buy a new evaluation to trade again
Time limit	None	None

Your account’s dollar limits are always shown at the top of the trading screen.

Note: For private beta only, profit above the daily cap is not carried over. Request a payout holding $15,000 of available profit and you receive $10,000. The account then resets to its starting balance and the remaining $5,000 is gone: there is no rollover and no buffer. Request before your available profit passes $10,000.

Max daily loss

You can lose 3% of your start-of-day balance in one day. The floor is set at 00:00 UTC and holds until the next 00:00 UTC.

The 00:00 UTC snapshot is your balance, not your equity. Unrealized P&L on a position held through midnight is not in it, so it does not move the next day’s floor. The floor is then checked against equity for the rest of the day.

Daily floor

Daily floor = start-of-day balance − 3% × start-of-day balance

$100,000 × 0.97 = $97,000

$100,000 account:

Day	Balance at 00:00 UTC	Daily floor
1	$100,000	$97,000
2	$98,000	$95,060
3	$103,000	$99,910

The floor is on equity. An open position at a loss counts.
The floor moves with your balance: lower after a losing day, higher after a winning one.

Max loss

You can lose 8% of your starting balance over the whole account. One floor, set at purchase. It does not rise when you profit.

Max floor

Max floor = starting balance × (1 − 8%)

$100,000 × 0.92 = $92,000

Grow the account to $110,000 and the floor is still $92,000.

From breach

From breach is the distance from your equity to whichever floor is nearer. It is the number to watch while a position is open. At zero, the account breaches.

From breach

From breach = equity − nearer floor

Equity         $101,500
Daily floor     $97,000   ← nearer
Max floor       $92,000
From breach      $4,500

After three losing days the daily floor can sit below the max floor; then the max floor is the nearer one.

Profit target

Reach 10% above your starting balance to pass. The target is measured on balance, so only closed trades count. There is no time limit and no minimum number of trading days.

Profit target

Target = starting balance × 1.10

$100,000 × 1.10 = $110,000

Best day

Your single best day may not be more than 50% of the sum of your profitable days. Losing days are not subtracted; they simply do not count. The rule gates claiming a funded account and requesting a payout. It never breaches the account.

Best day

Day 1   closed profit   +$10,000
Day 2   closed loss      −$2,000   not counted
Day 3   closed profit    +$6,000

Sum of all profitable days  =  $10,000 + $6,000  =  $16,000
Best day                    =  Day 1, $10,000
Best day share              =  $10,000 of $16,000  =  62.5%

Day 1 is the best, representing 62.5% of the realized profit, which is over the 50% cap, so your payout claim is on hold. Your progress is not lost; you need to keep trading until you meet the best day rule. While Day 1 stays your best day, the sum of your profitable days has to be at least $20,000 for the rule to be satisfied: another $4,000 from profitable days. Account size does not enter into it; the rule is a ratio. The readout on the Desk shows where you stand.

Claim a funded account

What you need before claiming, what resets, what stays, and when payouts open.

Payouts

Payout terms, how to request one, and what the payout table records.

What happens on a breach

Open positions are closed.
The account stops trading.
Positions and history stay readable, so you can review what happened.
To trade again, buy a new evaluation.

Breaches are final. There are no resets or appeals. You never owe the loss; the account simply ends.

What is not restricted

Rule	On OWNIT
Time limit	None
Minimum trading days	None
Weekend or overnight holding	Allowed
Holding time of trades	No limits; scalping and swing trading allowed
Stop loss	Not required
News trading	Allowed
Position size	Capped per market by notional; see Markets
Multiple accounts	For private beta, one active evaluation per user

Refunds

There are two ways to receive a refund:

Refund	Condition	Amount	Paid
14-day	Within 14 days of purchase, no trade placed on that account	Full fee	To the payment source
Fee refund	Pass and request your first payout (only for your first payout ever)	Full fee	With the payout, as a separate USDC transfer

The 14-day refund is per account. An untouched second evaluation still qualifies while you trade the first. Placing a trade ends it; you accept that at checkout. The fee refund is claimed once, on the first funded account where you qualified for a payout. It does not count against your reward. The fee is held against passing, not spent.

Trading conduct

The conduct expected on every account, whatever your strategy.

Fees

Maker and taker rates, funding, worked examples, and what is free.

Introduction

Getting Started

Platform

Trading

Resources

Appendix

Definitions

Quick reference

Max daily loss

Max loss

From breach

Profit target

Best day

Claim a funded account

Payouts

What happens on a breach

What is not restricted

Refunds

Also read

Trading conduct

Fees

​Definitions

​Quick reference

​Max daily loss

​Max loss

​From breach

​Profit target

​Best day

Claim a funded account

Payouts

​What happens on a breach

​What is not restricted

​Refunds

​Also read

Trading conduct

Fees

Definitions

Quick reference

Max daily loss

Max loss

From breach

Profit target

Best day

What happens on a breach

What is not restricted

Refunds

Also read