Transparency
How we operate openly and what you can verify.
12 articles
Slippage is visible on every trade in your Trade History tab, highlighted as a percentage (%).
Slippage shows how far your fill walked the order book compared to the best price available when you placed the order. We use a walk the book algorithm on the real Hyperliquid orderbook, so your simulated fills reflect actual market depth.
For each market order fill:
- Best Ask/Bid: the top-of-book price at the moment you submitted the order (
markPriceAtOrder). - Fill Price: the actual price you received for that specific fill.
- Slippage:
fillPrice − markPrice.
For example, if you market buy BTC and the best ask is $67,708.0 but your fill executes at $67,712.5, your slippage is +$4.5 (+0.007%). You paid more than the best available price because your order consumed liquidity deeper in the book.
Aggregate slippage stats by asset and trade size bracket are also available on the transparency dashboard.
The transparency dashboard is a public, real-time view of how Propr operates. It displays live data including total and active traders, revenue, pass rates, net positioning, P&L, slippage, uptime, and community growth. The dashboard updates every 15 minutes and is accessible to anyone, whether or not you have an account.
The dashboard covers:
- Platform stats: total traders, active traders, evaluations sold, and waitlist size.
- Revenue: daily and cumulative evaluation revenue.
- Pass rates: broken down by challenge tier.
- Net positioning: aggregate long, short, and net exposure across all accounts.
- P&L: cumulative platform P&L.
- Slippage: average and median slippage by asset and trade size bracket.
- Uptime: real-time API availability for both production and beta environments.
- Community: Discord, X, and Twitch follower growth.
Most prop firms operate as black boxes. You pay an evaluation fee and hope for the best. We believe traders deserve to see exactly how the firm operates: how much revenue comes in, how many people pass, and how the platform performs. Public data keeps us accountable and helps traders make informed decisions.
The dashboard refreshes every 15 minutes. Some metrics like uptime are tracked with even higher frequency. All data is pulled directly from our production API and internal databases with no manual curation or filtering.
The slippage chart breaks down average and median slippage by trade size bracket for each asset. Brackets range from under $1K to over $50K. This lets you see how execution quality scales with order size. Lower slippage means better fills. You can switch between assets using the selector.
The pass rate is the percentage of evaluations that successfully reach the profit target without breaching any equity limit. Pass rates are broken down by challenge tier and are publicly available on the transparency dashboard. We publish this data so traders can make informed decisions before purchasing an evaluation.
We run a hybrid A/B booking model.
- A-booked traders have their orders routed directly through Hyperliquid, meaning your trades are executed on-chain against real market liquidity.
- B-booked traders have their orders recorded internally by the firm.
For funded traders, your A/B booking status is shown directly on the user interface, so you always know how your orders are being handled.
The algorithm that determines which traders are A-booked is open source and available at github.com/XBorgLabs/ab-booking. Full transparency, no guesswork.
Propr generates revenue primarily from evaluation fees. Daily and cumulative revenue figures are publicly available on the transparency dashboard, updated every 15 minutes. You can view revenue over 7-day, 30-day, and 90-day periods to track how the platform is growing.
The aggregated paper trading P&L represents the combined profit and loss across all active trader accounts on the platform. This includes both daily P&L and a cumulative total over time. The data is publicly available on the transparency dashboard and can be viewed over 1-day, 7-day, and 30-day periods.
All payouts are listed on the transparency dashboard. Every payout is executed on-chain, so you can independently verify each transaction. No hidden numbers, no trust required.
During the evaluation phase, you trade on a simulated account that mirrors the Hyperliquid experience 1:1. You see the real orderbook, real prices, and real market depth. Orders are matched using a walk-the-book algorithm against live Hyperliquid liquidity, so execution quality, slippage, and fills behave exactly as they would on a live exchange.
Once funded, whether your orders are routed live to Hyperliquid or recorded internally depends on the A/B booking algorithm. A-booked traders have their orders executed on-chain in real time. Your booking status is always visible on the trading interface, and the algorithm is open source.
