VERSION HISTORY
Glossary
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▸Version 2October 16, 2026, 3:47 AM+4−1
Changes shown against Version 1.
Market order
An instruction that executes immediately at top-of-book with maximum adverse
slippage capped against the mark by a size-based tier. Book prices inside the
cap are preserved; the fill is never better than the mark.
Notional value
The position or order quantity multiplied by price, before leverage converts it
to a margin requirement.
Perpetual future
A derivatives contract without a fixed expiry date. MyFundedPerps simulates
trading these markets; it does not place exchange orders for the trader.
Slippage
The difference between a reference or expected price and the final average
− execution price.
+ execution price. For a filled Stop Loss, Take Profit, or other triggered order,
+ your history shows Slippage vs trigger: the fill price compared with the
+ order's trigger price, multiplied by its size. A positive value means the fill
+ was worse than the trigger, and a negative value means it was better.
Stop Loss / Take Profit (SL / TP)
Exit instructions triggered when a configured price condition is reached.
Challenges and accounts
Challenge account
A simulated account governed by a purchased or granted challenge plan.
Consistency rule
A plan-specific limit on how concentrated qualifying profit may be in a small
number of days or results.
Equity
Account value including the effect of open positions at current marks.
Evaluation
The stage in which a trader works toward the plan's target while respecting its
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▸Version 1October 11, 2026, 2:36 PM
First archived version.
Glossary
Source: https://docs.myfundedperpetuals.com/guides/glossary
Definitions for perpetual futures, challenge rules, trading controls, copy trading, and MyFundedPerps account states.
Trading
Asset unit
Quantity expressed in units of the market's underlying asset rather than USD.
Cross margin
A margin mode where eligible account collateral supports cross-margin positions
together.
Fill
The executed portion of an order. A fill has a quantity and execution price and
changes the simulated account position or realized result.
Isolated margin
A margin mode where margin is managed for an individual position.
Leverage
The ratio between position notional and assigned margin. More leverage magnifies
the effect of price movement relative to margin.
Limit order
An order that rests at its limit price and fills its full size at that price once
the market reaches it. A limit placed at or through the current market fills
right away as a market order, never worse than its limit.
Mark price
The platform's current reference price used for account valuation and relevant
risk checks. The book midpoint is a separate value: the average of the best
bid and best ask.
Market order
An instruction that executes immediately at top-of-book with maximum adverse
slippage capped against the mark by a size-based tier. Book prices inside the
cap are preserved; the fill is never better than the mark.
Notional value
The position or order quantity multiplied by price, before leverage converts it
to a margin requirement.
Perpetual future
A derivatives contract without a fixed expiry date. MyFundedPerps simulates
trading these markets; it does not place exchange orders for the trader.
Slippage
The difference between a reference or expected price and the final average
execution price.
Stop Loss / Take Profit (SL / TP)
Exit instructions triggered when a configured price condition is reached.
Challenges and accounts
Challenge account
A simulated account governed by a purchased or granted challenge plan.
Consistency rule
A plan-specific limit on how concentrated qualifying profit may be in a small
number of days or results.
Equity
Account value including the effect of open positions at current marks.
Evaluation
The stage in which a trader works toward the plan's target while respecting its
rules.
Funded account
The post-evaluation simulated account issued after the required review,
identity, and agreement flow.
Maximum daily loss
A plan rule limiting account loss relative to its daily reference.
Maximum drawdown
The largest permitted decline under the account's configured static or trailing
policy.
Profit target
The gain required to pass an evaluation step.
Trailing end-of-day drawdown
A drawdown policy whose reference can move upward after a higher end-of-day
equity mark and does not move back down.
Copy trading and billing
Follower
An account that receives eligible orders from a copy-trading lead and applies
its own independent risk checks.
Lead
The account whose eligible trading instructions drive a copy-trading group.
Multiplier
A follower-specific adjustment applied after copy size is normalized for the
lead and follower starting balances.
Profit split
The purchased plan percentage used to divide eligible funded-account profit
under the applicable payout terms.
Purchase status
The current state of a challenge order: paid, pending, failed, or refunded.
SHA-256 777395b5fb35e64de71475eb0ecbf0564a4324437a99d365319514d20911dee5