Bungee Funded Perps rules: the two floors, the bans and the payout rule — with the proof from the account we lost

The short answer

Two floors decide every Bungee challenge. A daily floor at 97% of the balance settled at 00:00 UTC, which moves every day, and a static floor under the starting balance, which never moves. Both are checked on live equity, open losses included. On top: no bots, no APIs, no HFT, no scalping; leverage fixed per market; payouts at 80% with a $50 minimum. Our own Turbo $10K failed on the static floor on 23 October 2026 — and its last screen shows both floors side by side, which is the clearest proof of how they work. Our full assessment is on the Bungee Funded Perps review (78.6/100).

The numbers, per track

Roya’s arithmetic from the published percentages (rulebook §3, read 22 October 2026). The daily floor is shown for day one only: from the first reset on, it follows the settled balance.

1. The daily floor: 97% of the balance settled at 00:00 UTC

The rulebook: “Daily loss allowance = settled balance at reset × 3%”, “Daily breach floor = settled balance at reset × 97%”, on every track. It is not the starting size: an account settled at $9,800 gets a floor of $9,506; one settled at $11,000 gets $10,670 — so you can breach the daily rule while still in overall profit. The breach fires when live equity (settled balance, plus unrealised P&L, plus pending funding) “reaches or falls below” the floor; “equity of exactly $9,700 breaches”. And the check also runs at the reset: “carrying an open loss across midnight does not exempt it from breach.” The dashboard shows the floor in dollars and a countdown to the reset.

2. The static floor: it never moves

The maximum drawdown is “measured against the account’s defined starting balance and does not trail upward with profits”. Classic 6%, Pro 5%, Turbo 3%. On a $10,000 Turbo it is $9,700 on the first day and on the last. It is a hard breach: positions may be force-closed, the account disabled, “no automatic forgiveness, reset, grace period, or soft breach”.

3. The proof: our account, both floors on one screen

Our Turbo $10K started at $10,000, so on day one both floors sat at $9,700. On the next reset (00:00 UTC) the settled balance was $9,967.05, funding included, and the app moved the daily floor to $9,668.04 — 97% × $9,967.05 = $9,668.04, our arithmetic matches the screen. The static floor stayed at $9,700. With the balance below the start, the daily floor was now the looser of the two. A crude-oil short we held against us closed on 23 October 2026 and left $9,687.19 of equity: $12.81 under the static floor, still above the daily one. “Failed · Maximum drawdown breached.” Our error; the rule did what it says.

The lesson for sizing: on a losing account, the binding floor is the static one; on a winning account, the daily floor rises with the settled balance and becomes the tighter one. Read both numbers on the dashboard every day.

4. The profit target counts open profit

Classic 10%, Pro 12%, Turbo 9%. The current FAQ: “Realized and eligible unrealized profit count toward the target.” When balance plus eligible unrealised P&L reaches it, the pass is recorded and the system closes your positions itself. On our account the “Current net P&L” shown against the target already included the open loss. No time limit, no minimum days, no consistency rule — one step to the funded account.

5. What is banned

• Bots, scripts, APIs and HFT — anything that makes trading decisions or submits, modifies or cancels orders automatically.
• Scalping — “repeated or systematic rapid entries and exits intended to capture small price movements”, manual or automated. No fixed minimum hold; one short trade alone does not prove it. A confirmed pattern means the payout request is denied, plus restriction or breach.
• Copy trading without express agreement, and services designed to game evaluations.
• Hedging across accounts — long BTC in one Bungee account and short in another, correlated assets, or coordination with another trader. Inside one account it is impossible anyway: one position per market, one direction.
• Account sharing and technical abuse (latency, stale prices, feed errors, “simulated-market defects”). Socket’s Terms of Use also forbid using a VPN to get around a geographic restriction.

6. Leverage is fixed, margin is isolated

Each market has one leverage set by Bungee, not adjustable: BTC and gold 10×, S&P 500 and Nasdaq 100 20×, ETH 5×, SOL, HYPE, XRP and a few others 3×, most other altcoins and every stock 2× (API and terminal, 22 October 2026). Isolated margin only, per-market notional caps (BTC $1,000,000), and when Bungee changes a market’s leverage existing positions become reduce-only. Market orders carry a 0.5% slippage protection.

7. Costs inside the account

1.5 basis points per fill, maker and taker — about $3 for a $10,000 round trip — charged exactly at that rate on our fills. Funding is hourly, dynamic, never negative and never credited: you pay it on either side.

8. The $110,000 cap

At most $110,000 of combined active account size per trader (one $100,000 plus one $10,000, for example); closed accounts do not count. The checkout applies it live.

9. Getting paid

• Split 80/20, no 90% option.
• Minimum $50 after the split (in-app Rules page, v0.5). The FAQ of the same day: “no fixed minimum”.
• Cap $20,000 gross per funded account per rolling 24 hours (Rules page). The FAQ: a shared per-user allowance. One pending request at a time.
• Reset — after each approved claim, the funded account goes back to its starting balance; the static floor stays where it was.
• Delay — target one business day; the median over the 210 public payouts was about 12.6 hours.
• KYC — Sumsub, after the pass, before the funded account; not needed to buy or trade a challenge.

10. Also worth knowing

News trading and weekend holding are allowed. Restricted countries include China, Russia, Ukraine, Iran, North Korea and others listed in the FAQ; the United States are not on that list, while Socket’s Terms do not guarantee availability there. An “Active days / 30” counter sits on the account although the rulebook states no time limit — unexplained so far. Rules change: four rulebook versions in three weeks, the latest live in the app without a version number. Check the Rules page before you buy.

FAQ

18+ only. A prop firm challenge can lose you the full fee. Bungee’s FAQ says challenge and funded accounts are simulated. Nothing here is investment advice. Sources: Bungee’s Rules page, FAQ and rulebook repository, read 22 October 2026; our own account, read 22 October 2026 and 24 October 2026. Related: our Bungee test, the ROYA code.