Bungee Funded Perps is the crypto prop program of Bungee, operated per its Terms of Use by Socket Technologies Limited (British Virgin Islands): one-step challenges on simulated accounts, payouts in USDC on Base from a public list. Raphael bought a Turbo $10K on 22 October 2026; it failed on 23 October 2026 on its static drawdown — our trading error — and nothing has been paid to us yet.
Bungee Funded Perps (bungee.exchange), operated per its Terms by Socket Technologies Limited (BVI), scores 78.6/100 on our grid of 24 October 2026, #3 of 11. One-step challenges from $45 to $900, static drawdown, daily loss 3% of the settled balance at 00:00 UTC, 80% split, simulated accounts per its FAQ. Its API lists 210 payouts (156,166.73 USDC, 1–22 Oct 2026); we verified three on Base. Our Turbo $10K failed on 23 Oct 2026 on its static drawdown — our error. Code ROYA: −10%.
From$45 (Turbo $10K, list price before any code)· A Turbo $10K bought by Raphael and traded, failed on its static drawdown (our error), two Turbo $25K running, nothing paid out to us: capped at 85/100, simulated accounts, no on-chain tier.
Key facts
Profit split
80%
Max account
$100K per account · agg. $110K active
Payouts
USDC on Base · $50 min · 1 business day target · median ~12.6 h (API, 210 payouts)
Settlement
Centralized
The numbers that matter
$45
Turbo $10K, the cheapest of 12 challenges (0.45% of the account size); Classic $100K is $900 — API and app, 22 Oct 2026
1.5 bp
fee per fill, maker = taker — charged exactly that on our own fills ($3.63 on $24,215.25)
$9,687.19
final equity of our Turbo $10K on 23 Oct 2026: $12.81 under its $9,700 static floor — failed, our trading error
210
payouts listed by Bungee's public API, 1–22 Oct 2026 (156,166.73 USDC to 46 traders); three re-read by us on the Base chain
~12.6 h
median time between payout request and payment over those 210 (API), against a stated target of one business day
−10%
code ROYA on every challenge, verified 24 Oct 2026 (referral dashboard + Bungee's public preview: Classic 10K 90 → 81 USDC)
Bungee Funded Perps sells one-step challenges on crypto, stock, index and commodity perpetuals — Classic, Pro and Turbo, from $45 for a Turbo $10K to $900 for a Classic $100K — under a numbered rulebook published on GitHub. Every account is simulated, its FAQ says so plainly, and the venue is never named. What sets it apart on our grid is what you can check from outside: a public list of 210 payouts in USDC with their hashes, three of which we read on the Base chain ourselves.
We bought a Turbo $10K on 22 October 2026 and lost it on 23 October 2026 to the static drawdown — our trading error, the rule applied as written. We are Bungee's affiliate since 24 October 2026: Code ROYA: 10% off every Bungee challenge — read on our referral dashboard and confirmed by Bungee's public code-preview endpoint on 24 October 2026 (Classic 10K: 90 → 81 USDC); not yet confirmed by a third-party purchase.
Code ROYA: 10% off every Bungee challenge — read on our referral dashboard and confirmed by Bungee's public code-preview endpoint on 24 October 2026 (Classic 10K: 90 → 81 USDC); not yet confirmed by a third-party purchase. The link opens Bungee's "Buy challenge" page with ?ref=ROYA. If the prices shown are not reduced, add a challenge to the cart and type ROYA in "Apply Discount Code" before "Proceed to checkout". A referral code is required for a first Bungee purchase; payment is in USDC (Arbitrum, Base, BNB Chain, Ethereum or Solana). Bungee's FAQ says challenge and funded accounts are simulated; 18+ only.
Affiliate link. We earn a commission; the discount is applied by the firm and your price never goes up.
About Bungee Funded Perps
Bungee Funded Perps calls itself "Bungee's prop trading program for perpetual futures, covering crypto, stocks, indices and commodities". Here is what we could read and date on 22 and 24 October 2026, and what we could not.
What we read, with its date
Operator: Socket Technologies Limited, "a company incorporated in the British Virgin Islands" (Road Town, Tortola), per Socket's Terms of Use dated 2 March 2026 — Terms that describe a cross-chain bridging and routing platform, say Socket provides no regulated financial service, and never mention Funded Perps, a challenge or a payout.
Launch: the rulebook's GitHub repository was created on 22 September 2026; @BungeeExchange announced "Introducing Funded Perps. Invite-only." on 24 September 2026 at 19:35 UTC; the first public payout is dated 1 October 2026.
Product: one-step challenges on three tracks (Classic, Pro, Turbo), 12 products from $45 to $900, 30 markets in four asset classes, leverage fixed per market (BTC and gold 10×, S&P 500 and Nasdaq 100 20×, most others 2× to 5×), simulated accounts per the FAQ.
Public numbers (API, 22 October 2026): 941 purchases by 368 unique buyers since 22 September 2026, 81 funded traders, 25 profitable; 210 payouts, 156,166.73 USDC to 46 traders.
Big landing figures ($40B+ volume, $15M+ raised, 150K+ traders served, named backers) are Bungee/Socket's bridge figures, not the prop program's, and no press we found confirms them.
Reputation: X account @BungeeExchange (115,316 followers, created February 2022); Discord "Bungee Protocol" (the bridge's server, 76,284 members); Trustpilot profile unclaimed, 3.2/5 on a single 2025 review about the bridge API.
What we could not verify
The "Bungee Funded Perps Terms" the rulebook and FAQ cite: no URL anywhere. No privacy or refund policy for the product either.
The execution venue and the hedging policy: "at its discretion"; Hyperliquid is only implicit (FAQ wording, market icons served by app.hyperliquid.xyz).
The oracle and funding methodologies (an oracle price and an hourly funding rate are published, not how they are computed).
A reserve behind the payouts, and what the "Active days / 30" counter on our account means when the rulebook says there is no time limit.
Independent press or reviews of the prop program: none found on 22 October 2026.
What we like
Payouts you can check from outside: a public list of 210 USDC payouts with hashes (156,166.73 USDC, 1–22 October 2026); the three we read on Base match to the cent.
The cheapest ticket per dollar of account on our grid: $45 for a Turbo $10K (0.45%), $360 for a Turbo $100K.
Fees that hold: 1.5 basis points per fill, maker and taker — exactly what our own fills were charged.
Rules you can compute: one step, static drawdown, no time limit, no minimum days, no consistency rule, floors shown in dollars on the account.
A numbered rulebook on a public, versioned GitHub repository with a changelog.
News and weekend trading allowed; BTC and gold at 10×, S&P 500 and Nasdaq 100 at 20×.
Watch-outs
Simulated accounts, by its own FAQ; Bungee may simulate, hedge or execute externally at its discretion, and never names the venue.
No Terms for the product: the only legal text is a bridge's Terms of Use that never mentions a challenge or a payout; no privacy or refund policy.
Documents that disagree (payout rule, minimum, leverage, allocation, fees) and four rulebook versions in three weeks.
Bots, APIs, HFT and scalping all banned, judged by Bungee; leverage fixed per market (2× on most altcoins and every stock); isolated margin only.
Young: announced on 24 September 2026, first payout on 1 October; no press, no community review, no proof of reserve.
Hourly funding you always pay, a hard breach with no reset, and a 3% static drawdown on the cheapest track — the one that took our account.
How it went, step by step
22 Oct 2026 · 13:13–13:40 UTC
Desk research, then our Turbo $10K
We read the rulebook and the FAQ the site loads from GitHub (SocketDotTech/rulebook v0.4 of 3 October 2026, plus a v0.5 draft pushed at 12:58 UTC that was already the live Rules page at 13:29 UTC), the public API (products, markets, trust-stats, payouts, leaderboard), Socket's Terms of Use (2 March 2026), and three payout transactions on a Base RPC. In his own session Raphael bought a Turbo $10K (list price $45; the price paid was not read — the app has no purchase history) and traded it: a HYPE long closed within 12 seconds, then a CL (WTI crude) short at a fixed 2×. Every fill was charged 1.5 basis points taker, the published rate; the API's "fee_bps 3.5" is not what is applied.
23 Oct 2026 · 09:26 UTC
Failed: maximum drawdown breached
The CL short went against us and we held it. It was closed at 09:26:29 UTC at 101.11 for $-277.41; the account ended at $9,687.19 of equity, $12.81 under its static floor of $9,700 (3% of $10,000). The app reads "Failed · Maximum drawdown breached" — 12 fills, $99,710.74 of volume, $-312.81. That is our trading error: the rule applied exactly as written. The same screen shows the daily floor recomputed at the 00:00 UTC reset to $9,668.04 (97% of the settled balance, $9,967.05, funding included) while the overall floor stayed at $9,700 — the daily rule and the static rule work exactly as the rulebook describes them.
Our Turbo $10K, read 24 Oct 2026: "Failed · Maximum drawdown breached" on 23 Oct, final equity $9,687.19, daily floor recomputed at $9,668.04, max floor still $9,700 · read on · bungee.exchange app — our Turbo $10K (our session)
24 Oct 2026 · 03:44–03:52 UTC
Our code ROYA, and two Turbo $25K
The deal is signed: we are now Bungee's affiliate. Code ROYA: 10% off every Bungee challenge — read on our referral dashboard and confirmed by Bungee's public code-preview endpoint on 24 October 2026 (Classic 10K: 90 → 81 USDC); not yet confirmed by a third-party purchase. The capture below shows the mechanism with Bungee's own public code BUNGEE (−10% in the cart on 22 October 2026). Raphael opened two Turbo $25K on 23 October 2026 (prices paid not read): one carries a BTC long at a fixed 10× (read 24 October 2026), the other is untouched. No pass, no funded account, no payout yet. Our commission is not published.
The code mechanism with Bungee's own public code BUNGEE, 22 Oct 2026: "BUNGEE applied · You saved $36.00 · 10 % off" (Turbo $100K $360 → $324) · read on · bungee.exchange app — cart, Apply Discount Code
Screenshots, dated
Proof — what the firm's site showed us
Buy challenge, 22 Oct 2026: Classic $90 / Pro $70 / Turbo $45 at $10K, the same prices as the public API; $5K and $200K shown "Coming soon" · read on · source bungee.exchange app — Buy challenge (our session)The $110,000 combined cap applied live in the cart: adding a Turbo $100K left "$67 left" next to our open Turbo $10K · read on · source bungee.exchange app — cart (our session)"Payout history · Total paid out $156,166.73" — the three payouts of 22 Oct 2026 we then read on the Base chain · read on · source bungee.exchange app — Payout history drawerOur Turbo $10K on 22 Oct 2026: "3% daily limit · Floor $9,700.00", "3% overall limit · Floor $9,700.00", target $900 · read on · source bungee.exchange app — our Turbo $10K (our session)Trade history: every fill charged 1.5 basis points taker, the published rate · read on · source bungee.exchange app — Trade history (our session)The CL short open at a fixed 2×, 22 Oct 2026 — the position that later took the account · read on · source bungee.exchange app — Positions (our session)Terminal: leverage fixed per market ("Isolated · 2×"), max slippage 0.5%, hourly funding shown as a "Maintenance fee" countdown · read on · source bungee.exchange app — terminal, CL marketOur Payouts tab, 22 Oct 2026: "No funded accounts yet." — nothing paid to us · read on · source bungee.exchange app — Payouts tab (our session)
The rule that kills the account
Two floors, two different bases
The maximum drawdown is static: "measured against the account's defined starting balance and does not trail upward with profits" (rulebook §6). Turbo allows 3% — a floor at $9,700 on a $10,000 account; Pro 5% ($9,500), Classic 6% ($9,400). The daily loss is 3% of the SETTLED balance at the 00:00 UTC reset (§5), checked on live equity — unrealised P&L and pending funding included — and the check also runs at the reset itself: "carrying an open loss across midnight does not exempt it from breach".
What happened to ours
Our Turbo $10K sat below its starting balance with a CL short open. At the reset the app recomputed the daily floor to $9,668.04 (97% of $9,967.05) — lower than the static floor of $9,700, which did not move. So on a Turbo below its starting balance, the 3% static floor is the one that binds first. On 23 October 2026 the short was closed at 101.11 and equity ended at $9,687.19: breached by $12.81. Our trading error; the rule applied exactly as written.
Hard breach
"There is no automatic forgiveness, reset, grace period, or soft breach" (§4): a breached account is bought again.
List prices from Bungee's public API /v1/products (12 products, all enabled) and identical on the app's "Buy challenge" page, read on 22 October 2026; one-time fee in USDC, payable on Arbitrum, Base, BNB Chain, Ethereum or Solana. $5K and $200K sizes were shown "Coming soon". No refund policy is published. One step, no time limit, no minimum days, no consistency rule, 80% split; at most $110,000 of combined active account size per trader. With code ROYA: Classic 10K $90 → $81 in Bungee's own preview on 24 October 2026; Turbo 10K $45 → $40.50 by Roya's arithmetic.
KYC & excluded countries
No identity check to buy or to trade a challenge: sign-in is a Google account or a crypto wallet. The FAQ puts KYC "after you pass your challenge, before trading your funded account or receiving payouts" (the rulebook §27 says "before funded payouts"), run by Sumsub: a government photo ID and a selfie, usually a few minutes. You must be of legal age where you live (18+ in Socket's Terms). Restricted countries (FAQ, 14 October 2026) include Russia, Belarus, Iran, North Korea, Cuba, Syria, the People's Republic of China and Ukraine; the United States is not on the list, but Socket's Terms do not guarantee availability there. Socket's Terms forbid using a VPN or proxy to get around a geographic restriction.
Bots, API, copy trading, weekends
Prohibited, on challenge and funded accounts alike (rulebook §15): software, scripts, automated systems or APIs that make trading decisions or submit orders, high-frequency trading, and scalping — "repeated or systematic rapid entries and exits intended to capture small price movements", manual or automated. There is no fixed minimum holding period and "a single short-duration trade does not, by itself, establish scalping"; a confirmed pattern means the payout request is denied. Copy trading is banned unless expressly agreed (§19); hedging across your own accounts is banned (§20). One position per market, one direction (no hedge mode), isolated margin only. News trading and weekend holding are allowed. Web terminal only — no mobile app, no public trading API.
Payouts
Method & threshold — Split 80/20, no 90% option. The in-app Rules page (rulebook v0.5, read 22 October 2026): $50 minimum after the split, $20,000 gross per account per rolling 24 hours, target one business day; the FAQ still describes a $20,000 gross allowance shared per user and "no fixed minimum payout". Paid in USDC — 200 of the 210 public payouts on Base, the first 10 (1–13 October 2026) on Ethereum — from a Gnosis Safe with a 1-of-4 signing threshold. After each approved claim the funded account goes back to its starting balance. KYC first.
What we verified
Three payouts of 22 October 2026, read on a Base RPC (block and receipt): 5,936.21, 1,591.23 and 827.80 USDC at 11:46–11:47 UTC, sent by the Safe 0xf0d112ca…72c0 — amounts and times identical to Bungee's public list, whose 210 entries add up to 156,166.73 USDC. Our own accounts. On 22 October 2026 Raphael bought a Turbo $10K challenge (list price $45; the price he paid was not read — the app has no purchase-history tab) and traded it: a HYPE long closed 12 seconds later for $-22.52, then a CL (WTI crude) short of 197.956 CL at 99.723–99.726, 2× fixed. Every fill was charged 1.5 basis points taker, the published rate. The short went against us and we held it: it was closed on 23 October 2026 at 09:26:29 UTC at 101.11 for $-277.41, and the account ended at $9,687.19 of equity — $12.81 under its static floor of $9,700. The app reads "Failed · Maximum drawdown breached" (12 fills, $99,710.74 of volume, $-312.81). That is our trading error, not the firm's: the rule applied exactly as written. The same screen shows the daily floor recomputed at the 00:00 UTC reset to $9,668.04 (97% of the settled balance, $9,967.05) while the overall floor stayed at $9,700 — the two rules work as the rulebook says. On 23 October 2026 Raphael opened two Turbo $25K (prices paid not read): one carries a BTC long at a fixed 10× (read 24 October 2026), the other is untouched. No pass, no funded account, no payout yet.
What we did not verify
Any payout to us. The real delay on an account of ours (the ~12.6 h median is the API's figure, not our measurement). Which minimum applies when the rulebook and the FAQ disagree. A reserve: none is published — the payer Safe held 27,775.53 USDC on 22 October 2026 at 13:17 UTC, after 24,693.98 USDC paid in the previous 24 hours: a working float, not a reserve.
The contradictions we found, and how the app settled them
On 22 October 2026 Bungee's own documents disagreed with each other on a dozen points. We read the app the same day to settle what we could.
Payout rule: the rulebook says $20,000 gross per account per rolling 24 h with a $50 minimum; the FAQ says a shared per-user allowance and "no fixed minimum payout". The in-app Rules page (v0.5, no version number shown) carries the rulebook's version — that is what we publish.
Fees: rulebook, FAQ and markets API say 1.5 basis points; the products API carries "fee_bps 3.5". Our fills were charged 1.5 bp ($3.63 on $24,215.25).
Leverage: the landing says "up to 5x"; the Assets page says "up to 20x"; the API and the terminal show BTC 10×, S&P 500 and Nasdaq 100 20×, SILVER 4× (the Assets page says 5×). We publish the API grid as shown in the terminal.
Allocation: the landing says "$100k"; the rulebook and the FAQ say $110,000 of combined active account size — and the cart enforces $110,000 live.
Payment: the FAQ says "USDC on Base"; the checkout offers USDC on five networks (Arbitrum, Base, BNB Chain, Ethereum, Solana), and no USDT despite the API.
Unrealised profit and the target: the current FAQ says eligible unrealised profit counts; the account's "Current net P&L" did include our unrealised loss. A pass on unrealised profit is still to be observed.
KYC timing: before the funded account (FAQ) or before funded payouts (rulebook §27).
"Invite-only" at launch: the checkout is public; a referral code is required for a first purchase and acts as a discount.
The changelog dates v0.1 to 2 September 2026, but the repository was created on 22 September 2026.
Still open
An "Active days 1 / 30" counter (2 / 30 after the second day) sits on an account whose rulebook says there is no time limit. We asked nothing of support yet; we will publish the answer when we have it.
210 payouts on a public list, and a Safe at 1-of-4
Bungee publishes something most firms on our grid do not: a paginated list of every payout (API /v1/public/payouts), with amount, chain, time and transaction hash. On 22 October 2026 it held 210 entries from 1 to 22 October 2026, adding up to 156,166.73 USDC — exactly the "all time" total of its trust-stats endpoint — paid to 46 traders. The largest was 7,269.89 USDC (17 October), the smallest 50.56 USDC; the record day was 17 October (25,149.85 USDC in 11 payouts). 200 went out on Base, the first 10 (1–13 October) on Ethereum.
We read three of them on the chain ourselves (Base RPC, block and receipt): 5,936.21, 1,591.23 and 827.80 USDC on 22 October 2026 between 11:46 and 11:47 UTC, all three execTransaction calls of the Gnosis Safe 0xf0d112ca…72c0 (version 1.5.0, threshold 1 of 4 owners). Amounts and timestamps are identical to the API.
What it proves, and what it does not
It proves that money leaves a known address, in amounts the firm reports honestly. It does not prove solvency: no reserve is published, and the Safe held 27,775.53 USDC at 13:17 UTC that day after 24,693.98 USDC paid in the previous 24 hours. And it does not make the accounts on-chain: challenges and funded accounts are simulated, and "the Bungee dashboard and internal account ledger are the authoritative source of truth". That is why Bungee sits in our overall grid but not in our on-chain ranking.
Where the prices come from: Hyperliquid, never named
Bungee never names its execution venue. Its FAQ answers "Why can't I trade every market on Hyperliquid?", its rulebook says it "does not automatically support every market listed on Hyperliquid or any other venue", and the market icons are served from app.hyperliquid.xyz — including xyz: markets such as GOLD, SP500 and AAPL. The rulebook (§12) lets Bungee simulate trades internally, hedge some or all exposure, net it across accounts or execute externally, "at its discretion". The FAQ says orders fill "against the real order book", each account with its own copy of the depth.
Costs beyond the fee
Funding is hourly, never negative and never credited to the trader: you pay it whichever side you are on (the terminal showed it as a "Maintenance fee" countdown). Market orders carry a 0.5% slippage protection. Leverage is fixed per market and cannot be changed.
What we will publish next
Our two Turbo $25K, opened on 23 October 2026: one carried a BTC long at a fixed 10× when we read it on 24 October 2026, the other was untouched.
If one passes: when Sumsub asks for identity, how long until the funded account opens, the automatic certificate.
A first payout: the screen, the minimum actually enforced, the allowance, the delay, the hash and whether it leaves the same Safe.
The prices Raphael actually paid (the app shows no purchase history).
Support's answer on the "Active days / 30" counter and on the payout minimum.
A re-read of the rulebook, the FAQ, the products and the markets — four versions in three weeks.
Our verdict
Bungee Funded Perps is the most transparent young firm we have read: a numbered rulebook on GitHub, a public payout list with hashes that matches the chain, fees that are exactly what they say, floors printed in dollars. That is why it scores 78.6/100, #3 of 11 on our grid — and why Raphael gave it 25/25 on Roya's note, the one subjective criterion ("hyper transparent", in his words).
What it does not give you: an account that is anything other than a simulated ledger, a legal framework written for the product, a reserve, or a stable document set. Read the floors before you trade — on a Turbo the 3% static drawdown is close, and it took ours. Nothing has been paid to us yet; we will publish our first payout, or its absence, here.
78.6/100: Rules & transparency 70/100 · Payouts & verifiability 78/100 · Survival & track record 64/100 · Trading freedom 62/100 · Cost & value 82/100 · Roya's note 25/25. Roya's note is the one subjective criterion in the grid: Roya's own rating after using the firm (interface, execution, support, feel), out of 25. The five others are documentary or measured. On firms we have not traded with our own money, it is an opinion formed without a paid account.
Bungee beats Propr on entry price per dollar of account, on fees (1.5 bp per fill) and on reading the payouts of other traders: its whole payout list is public. Propr wins on everything that makes an account real and automatable: its payouts settle through a published contract and have paid us, and bots and APIs are allowed where Bungee bans them, along with scalping.
See Bungee Funded Perps for yourself
Rules, pricing and Terms are published — open Bungee Funded Perps and check them against our review.
Affiliate link. We earn a commission; the discount is applied by the firm and your price never goes up.
Our overall #1: Propr.xyz
Across splits, payout speed, market depth and automation, Propr.xyz is our top pick — bots, copy trading and an official REST API are all explicitly allowed.
Affiliate link. We earn a commission; it never changes what you pay.
FAQ
Is Bungee Funded Perps legit?
It is a named operator with public rules and public payouts: Socket Technologies Limited (BVI) per its Terms, a rulebook on GitHub, and a list of 210 USDC payouts whose amounts match the Base chain on the three we checked. What we cannot vouch for yet: a payout to us (our Turbo $10K failed on our own error; two Turbo $25K are running), Terms written for the product (none published), a reserve (none published). It scores 78.6/100 on our grid of 24 October 2026.
Is Bungee Funded Perps real capital or simulated?
Simulated. Its FAQ: "Challenge and funded trading both use simulated accounts. You're not placing orders on an exchange yourself, and you never deposit trading capital." Bungee may simulate trades internally, hedge some or all exposure, net it across accounts or execute externally, at its discretion. The payouts, however, are real USDC transfers on Base.
Is there a Bungee promo code? What does ROYA give?
Code ROYA: 10% off every Bungee challenge — read on our referral dashboard and confirmed by Bungee's public code-preview endpoint on 24 October 2026 (Classic 10K: 90 → 81 USDC); not yet confirmed by a third-party purchase. The link opens Bungee's "Buy challenge" page with ?ref=ROYA. If the prices shown are not reduced, add a challenge to the cart and type ROYA in "Apply Discount Code" before "Proceed to checkout". A referral code is required for a first Bungee purchase; payment is in USDC (Arbitrum, Base, BNB Chain, Ethereum or Solana). Bungee's own public code BUNGEE gave the same −10% in the cart on 22 October 2026; one code per order. ROYA is our affiliate code: we earn a commission, the discount is applied by Bungee, and the commission rate is not published.
How do Bungee payouts work?
From a funded account, after KYC: claim the profit (the account resets to its starting balance), then request payment in USDC on Base. Split 80/20. The in-app rulebook sets a $50 minimum after split and $20,000 gross per account per rolling 24 hours (the FAQ says per user, no fixed minimum); target one business day, median about 12.6 hours over 210 public payouts. Confirmed bots, HFT or scalping mean the request is denied.
What are the drawdown and daily loss on a Turbo $10K?
Target 9% ($900). Static maximum drawdown 3%: a floor at $9,700 that never moves. Daily loss 3% of the settled balance at the 00:00 UTC reset — $300 on day one, then recomputed each day (our account showed $9,668.04 after a losing day), checked on live equity including at the reset itself. No time limit, no minimum days, no consistency rule.
Why did your Turbo $10K fail?
Because we held a losing CL short. It was closed on 23 October 2026 at 101.11 for $-277.41 and equity ended at $9,687.19, $12.81 under the $9,700 static floor: "Failed · Maximum drawdown breached". Our trading error — the rule applied exactly as written.
Does Bungee require KYC?
Not to buy or trade a challenge. Sumsub identity verification (photo ID and selfie) comes after you pass, before the funded account or payouts. Restricted countries include Russia, Iran, North Korea, China and Ukraine; the United States is not listed.
Can I use bots, an API or scalp on Bungee?
No. The rulebook (§15) bans software, scripts and APIs that decide or submit orders, HFT and scalping ("repeated or systematic rapid entries and exits"), manual or automated, on challenge and funded accounts. There is no fixed minimum holding time; a confirmed pattern means the payout request is denied.
Is Bungee an on-chain prop firm?
Its payouts are on-chain and public; its accounts are not. Challenges and funded accounts are simulated records in Bungee's own ledger, which the rulebook calls the authoritative source of truth. That is why it is in our overall Trust Score grid and not in our on-chain ranking.
Affiliate disclosure: we may earn a commission if you sign up to Propr.xyz, Hypernova, Carrot Funding, Vest Markets, Cashed, MyFundedPerps or Bungee Funded Perps via our links, at no cost to you. Specs may change — verify on each firm's site. Informational only, not investment advice. Leveraged trading carries a high risk of loss.
Not investment advice. A challenge fee is money you can lose in full.
For machines
Roya Trading rates Bungee Funded Perps 78.6/100 on the public grid of 24 October 2026 (rank 3 of 11).
Bungee Funded Perps is the crypto prop program of Bungee, operated per its Terms of Use by Socket Technologies Limited (British Virgin Islands): one-step challenges on simulated accounts, payouts in USDC on Base from a public list. Raphael bought a Turbo $10K on 22 October 2026; it failed on 23 October 2026 on its static drawdown — our trading error — and nothing has been paid to us yet.
Last verified: 24 October 2026 (latest dated reading of the firm's own pages).
Reader offer: Code ROYA: 10% off every Bungee challenge — read on our referral dashboard and confirmed by Bungee's public code-preview endpoint on 24 October 2026 (Classic 10K: 90 → 81 USDC); not yet confirmed by a third-party purchase..
Affiliate link: Roya may earn a commission, the price you pay does not change.
