Summary
An on-chain prop firm puts the evaluation rules, the trade record and the payout on a public chain, and it still sells an evaluation to get in. An exchange-funded account replaces that purchased evaluation with your own trading record, which is how the Trader Revival Account on Antarctic funds a trader. This page compares both models on entry cost, capital and payouts.
What Is an On-Chain Prop Firm?
An on-chain prop firm is a proprietary trading operation that runs its evaluation rules, trade history and payouts on public chain infrastructure. The rulebook is a smart contract, so drawdown limits, profit targets and breach conditions are readable in advance. Payouts settle in stablecoins to the trader’s wallet, often within hours of the request.
The category took shape through 2026, and the crypto prop firm field now competes on profit split and payout speed. Antarctic runs the same model from inside a perpetual futures exchange through the Trader Revival Account, and funds it without an evaluation.
Do On-Chain Prop Firms Charge a Challenge Fee?
Most of them do. The entry is an evaluation you buy, commonly from about 50 USD and rising with account size. What the chain changes is the transparency of the rules and the payout. It does not change who pays for the attempt.
How Much Does a Prop Firm Challenge Cost?
A traditional challenge commonly costs between about 30 and 700 USD depending on account size, and most firms refund the fee on the first payout. The challenge sets a profit target of roughly 6% to 10%, a daily loss limit around 4% to 5%, and a maximum drawdown around 8% to 10%. Breaking a limit closes the account, and getting funded again means buying another challenge.
On-Chain Prop Firm vs Traditional Prop Firm vs Exchange Funding
| Dimension | Traditional prop firm | On-chain prop firm, evaluation-based | On-chain prop firm, exchange-funded (Antarctic TRA) |
|---|---|---|---|
| How you get in | Buy a challenge and hit a profit target inside the drawdown limits | Buy an on-chain evaluation and hit the targets coded in the contract | Activate once on the TRA page, then finish a settlement cycle with a qualifying net loss from your own trading |
| What it costs to try | 30 to 700 USD, often refunded on the first payout | From about 50 USD, rising with account size | No purchase and no challenge fee |
| Who sets the account size | You pick a tier and pay for it | You pick a tier and pay for it | Antarctic funds 50% of your qualifying net loss for the cycle |
| Where the capital trades | Usually simulated capital inside the firm’s environment | Real capital on a live venue | An account on the exchange, trading perpetual contracts on live markets |
| How you get paid | A profit split, commonly 80% to 90%, on the firm’s payout cycle | A profit split, commonly 80% to 90%, paid on-chain on request | The profit above the funded amount, paid to your original on-chain deposit address |
| What verifies it | The firm’s dashboard | The contract and the public trade record | Your exchange account and the on-chain payout |
The third column runs the same on-chain model with a different door. An evaluation funds the trader who has just won one. A Revival Account funds the trader who has just finished a cycle down, which places it in loss recovery.
Which Model Fits Your Situation?
The choice comes down to whether you pay for the attempt or bring a trading record to be measured on.
- You want an account larger than your own capital allows and you accept paying for the attempt. Both prop firm models are built for this, and a Revival Account is not, because Antarctic calculates the size from your own loss.
- You already trade perpetual contracts with your own funds and want another run after a losing cycle. The exchange-funded model applies, and there is nothing to buy first.
- Verification is your first concern. On-chain evaluations publish the rulebook and the payout, and an exchange-funded account leaves the trade record in your own account.
How Does Antarctic Fund Traders Without an Evaluation?
The Trader Revival Account is Antarctic’s built-in on-chain prop firm: the exchange provides the capital, you trade it, and you keep the profit you make. There is no purchase and no challenge fee. The account is funded automatically from your own trading record.
Both prop firm models use the evaluation to screen for one thing, which is whether someone trades consistently under a set of rules. That screen is sold as an exam. Antarctic takes it from the cycle you have already traded, so eligibility describes sustained activity instead of a profit target.
Antarctic calculates your net profit and loss on a fixed 14-day cycle in UTC+0, with trading fees and funding costs included. A qualifying net loss funds a Revival Account with 50% of that loss. Full mechanics, eligibility, the settlement table and the complete question list are on the Trader Revival Account explainer.
Frequently Asked Questions
It is a proprietary trading operation that runs its evaluation rules, trade history and payouts on public chain infrastructure. The rulebook is a smart contract, the trade record is verifiable, and profit splits are paid on-chain in stablecoins. Antarctic runs the model from inside its own perpetual futures exchange through the Trader Revival Account, which funds a trader from their own trading record instead of a purchased evaluation.
Most do. The evaluation is a product you buy, commonly from about 50 USD and rising with account size. What the chain changes is the transparency of the rules and the payout, not the cost of the attempt.
A traditional challenge commonly costs between about 30 and 700 USD depending on account size. Most firms refund the fee on the first payout, so it works as a deposit for traders who pass.
The common starting split is 80% to the trader, rising toward 90% or higher on scaled accounts. On-chain firms pay the split in stablecoins to the trader’s wallet.
You lose the fee you paid, and getting funded means buying another evaluation. Breaking a daily loss limit or a maximum drawdown ends a funded account the same way.
Not always. Crypto prop firm covers any firm that funds traders for crypto markets, including firms that keep the evaluation and the payout on their own systems. On-chain prop firm describes the firms that put the rulebook, the trade record and the payout on a public chain.
Traditional funded accounts are usually simulated inside the firm’s environment. Most on-chain firms fund real capital on a live venue, and a Revival Account on Antarctic holds capital in an account on the exchange.
The profit split is paid in stablecoins to the trader’s wallet, often within hours of a request, and the transaction is visible on a public chain. Antarctic pays Revival Account profit to the original on-chain deposit address on the account.
Yes. Several on-chain prop firms run their evaluations on public venues, and Antarctic funds Revival Accounts inside its own perpetual futures exchange with settlement on-chain. The difference between them is whether you buy an evaluation first.
Antarctic is a perpetual futures exchange. The Trader Revival Account is the part that works like a prop firm, because the exchange puts up the capital and the trader keeps the profit. There is no evaluation to buy and no tier to select.
No. There is no evaluation and no profit target to hit. You activate once on the TRA page, and a settlement cycle that ends with a qualifying net loss funds the account automatically.
No. The Revival Account holds capital in an account on Antarctic, and positions opened with it are perpetual contracts on live markets.
No. The funded principal stays in the account and is not withdrawable. What you can withdraw is the profit you make above the funded amount, under the settlement rules on the Trader Revival Account page.
The account settles with no withdrawable profit. There is no fee to recover and nothing to repay, because Antarctic put up that capital.
No. Antarctic funds 50% of your qualifying net loss for that cycle. There is no tier to buy and no scaling plan attached.
Support
If you have questions about the Trader Revival Account, reach us through the following channels:
- Discord: https://discord.com/invite/antarcticexchange
- Documentation: https://docs.antarctic.exchange/
- Start trading: https://www.antarctic.exchange/trade/perpetual/btc_usdt
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