Welcome to Iceberg
Trade live markets, keep 80% of eligible profits and verify the pool behind your payouts.
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What is Iceberg?
Iceberg combines prop trading with the transparency of decentralized finance. Trade live markets with simulated capital, keep 80% of eligible profits and receive real USDC from a public payout pool on Arbitrum. You can verify the reserves and transfers yourself, before buying an account and after every payout. Eligible payouts are automated and built to arrive in seconds, without a discretionary approval step for each request. Once accepted, a payout cannot be revoked by a later account review. Explore the pool and how payouts work.
Choose an account type
Iceberg offers Instant Funding and 1-Step Unlimited. Choose an account type and size, then pay for your account. Purchases are non-refundable. Instant Funding begins as a funded account with no evaluation. 1-Step Unlimited begins in a one-step evaluation. At 10% net profit, including open P&L, the system freezes the evaluation, cancels its orders and closes its positions automatically. A new funded account is then created at the initial balance when allocation is available. Evaluation profit does not carry over.
You trade simulated capital using live Hyperliquid prices and available order-book depth. Your account balance is separate from the real USDC held in your wallet. Simulated orders do not place trades on Hyperliquid.
Compare the account types
| Rule | Instant Funding | 1-Step Unlimited |
|---|---|---|
| Starting phase | Funded, no evaluation | One-step evaluation |
| Evaluation target | None | 10% of initial account size |
| Daily loss limit | 3% | 3% in evaluation and funded phases |
| Total loss limit | 6% | 6% in evaluation and funded phases |
| Account lifetime | 90 days after activation | No expiration in either phase |
| Funded profit split | 80% trader / 20% Iceberg | 80% trader / 20% Iceberg |
| Payout timing | First request 5 days after the first trade; 5 days after each received payout thereafter | On demand after evaluation, with no waiting period or cooldown |
| Payout amount | 1% minimum and 5% maximum of initial account size before the split | $25 eligible gross minimum, no 5% maximum |
Evaluation profits cannot be paid out. Reaching a loss limit closes the account. Read the Instant Funding guide, 1-Step Unlimited guide and account rules.