The platform for
serious traders.

Verifiable matching, deep liquidity, below-industry fees - then we go further: funded prop challenges, trader vaults, custom index funds, algo bots and a trade log that tells you the truth.

$965B

30d volume

0.3ms

Match latency

70%

Fee split

99.99%

Uptime

Built-in prop desk

Trade a funded account. Keep the upside.

No third-party prop firm, no payout roulette. The desk lives inside the exchange, so evaluation, funding and payouts run on the same verifiable rails as every trade.

Challenge builder

Instant Funding, 6% max loss

Loss floor

Account size

$2.5K$5K$10K

Profit targetNone

Nothing to pass - the account is already funded

Max daily loss4%

3%8%

Max total loss6%

5%15%

The account is live the moment you activate it. Open the builder for today's fee or read the full rules.

Funded account · Instant

Profit banked+3.4% · your 70%

Max total loss used1.4% / 6%

Trailing drawdown, measured on the same engine that fills the order. Payouts on request in USDC, at least 7 days apart.

✓Buy

✓Activate

3Trade funded

Profit split

90%

Up to. Instant 70% · 1-Step 90% · 2-Step 90%, paid in USDC on request

Fee back

100%

Evaluation fee returned at your first payout

Sign-up to funded

< 1h

Instant funding runs the whole path - buy, activate, trade - with no queue

Vaults · Perps and spot

Back a trader. Watch every number.

A lead trader runs one shared account on perps or spot, with their own money in it. You put USDC in and hold a share of it, and they earn a profit share only on what they make you.

Perps

Basis & Carry

Lead trader @slowtheta

Since start · 144 days

+18.4%

In the vault

$184.3K

30 day

+2.1%

Max drawdown

-4.8%

Depositors61

Profit share10%

Room left$235.8K

Spot

Index Momentum

Lead trader @quietbid

Since start · 58 days

+6.2%

In the vault

$42.8K

30 day

-1.4%

Max drawdown

-6.5%

Depositors17

Profit share20%

Room left$57.2K

Perps

Macro Rotation

Lead trader @northbound_fx

Since start · 212 days

+31.7%

In the vault

$96.4K

30 day

+3.9%

Max drawdown

-11.2%

Depositors38

Profit share15%

Room left$103.1K

Example vaults, not real ones.

How vaults work

Arena · Head to head

Pull up a seat. Best return takes the pot.

Two to five traders buy in, each gets the same simulated stack, and everyone trades it in the terminal. When the bell rings every position closes, and the best return wins the buy-ins after a small rake.

TW1187

Tidewatchlive

9,855.00USDC-1.45%

ETH4x

-$961.2 short
@ 3,382

BTC

-$490.00 long
@ 00,000

Time left12:41

the bell closes all

Equity raceboth live

Pot49.00USDC to the winner

VR1342

VegaRideryou

10,684.00USDC+6.84%

BTC5x

+$4120.12 long
@ 98,450

SOL3x

+$18840 short
@ 182.30

ETH2x

+$841.5 long
@ 3,410

Showdown · the bell rang

VegaRider wins the pot

$98.00 paid out30 min table

TW1187

Tidewatch+2 elo

+3.40%

Value$10,340.00

2nd

VR1342

VegaRider+4 elo

+9.12%

Value$10,912.00

Paid$98.00

1st

KE1063

kestrel+0 elo

-1.85%

Value$9,815.00

3rd

2ndTW1187Tidewatch+2 elo

+3.40%

Value$10,340.00

3rdKE1063kestrel+0 elo

-1.85%

Value$9,815.00

4thNJ1016?Nightjar-11 elo

-58.30%

Value$4,170.00

Every table moves your Elo

Provisionaluntil the first table
Bronzeunder 1100
Silver1100 to 1299
Gold1300 and up

AI · Trading agent

Talk it through. Let your agent trade.

Talk to it like you a trader. Your agent builds a strategy from the conversation and trades within your set limits.

Hire an agentSpotPerpsProp

Trade SOL and ETH. Buy when the 20 EMA crosses above the 50 on the 4 hour chart, sell 2% up, cut a trade down 4%. Fund it with 400 USDC, stop for good at 100 down.

Here is what I heard.

MarketsSOL, ETH
Entry20 EMA crosses above the 50
Exit+2% target, cut at −4%
Timeframe4 hour, one look per candle
Hoursnot said, it may trade any hour

Spot deskI trade from a fenced spot account. I can never withdraw, swap out or transfer. Hard loss cap: 100 USDC. You set it. I cannot change it, even if you ask me to in here. It looks once every 4 hours, right after that candle closes.

Everything is here. Check it, then start.

Fund: 400 USDC
Hard loss cap: 100 USDC
Day stop: the loss cap (default)
Most per trade: the whole fund (default)

Wrong number? Say so below and I read it again.

Trade SOL and ETH. Buy when the 20 EMA crosses above the 50 on the 4 hour chart, sell 2% up, cut a trade down 4%. Fund it with 400 USDC, stop for good at 100 down.

Trade SOL and ETH. Buy when the 20 EMA crosses above the 50 on the 4 hour chart, sell 2% up, cut a trade down 4%. Fund it with 400 USDC, stop for good at 100 down.

Say the plan like you would tell a person. Markets. When to buy. When to sell. How much. When to stop. Say the money limits too, or I ask for them.

The fence

The caps go in the same sentence as the strategy, and the agent cannot widen them afterwards: not from the market, not from you in the thread.

Hard loss cap: it stops for good.
Day stop: it closes everything and waits for tomorrow.
Most per trade: one position can only ever be this big.
Max leverage: on perps, you pick the ceiling.

Never withdraws · Never transfers · Never swaps out

Three desks, one thread

SpotBuys and holds real tokens. No leverage.

PerpsLong or short, with leverage you cap.

PropMutex's money. Pass the test, get funded.

AI · Account assistant

Say what you need. Your assistant handles it.

Move funds, manage trades, or check on your agents. Just type or talk, then review and confirm any money moves.

Move 500 USDC to my perp balance and go long 0.25 ETH at 5x.

Move 500 USDC and go long ETHWaiting for you · 9:59

Move: 500.00 USDC funding to perps
Order: long 0.25 ETH at 5x
Entry: 3,180.40
Liq: 2,644.90
Fee: 0.42 USDC

Two steps, in order. Nothing moves until you click Confirm.

Move 500 USDC to my perp balance and go long 0.25 ETH at 5x.

Move 500 USDC to my perp balance and go long 0.25 ETH at 5x.

Tell the assistant what to do.

Ask in your own wordsYour real books

Money

“What is my balance?”

“Move $100 from funding to perps”

Spot

“Buy $50 of SOL”

“Sell all my SOL”

Perps

“Long BTC with $100, stop 2% below, take at 90000”

“Move my BTC stop to 74000”

“Cancel all my orders”

Read

“How did I do this week?”

“What is the funding on ETH?”

Agents

“What are my agents doing?”

“Pause Atlas”

A confirm card waits ten minutes. In YOLO mode it goes through as you send it. It never withdraws: that still needs your wallet signature.

Index builder

Your thesis, as a fund.

Pick the assets, set the weights, choose a rebalancing rule - MUTEX turns it into a single fund you can enter, exit and track, priced once a day. Publish it and earn when others allocate.

✓Weight by hand, by market cap, or equal-split
✓Rebalance monthly, quarterly, half-yearly or yearly
✓One click in, one click out - no leg risk
✓Publish publicly and earn a management fee

MY-MAJORS-4 · custom indexRebalance · monthly

NVDA 35%

AAPL 25%

SPACEX 25%

BTC 15%

Tracking · 4 assetsHow index funds work

Automated trading

Bots for perps and spot. Or one for your agent.

Every bot runs in its own sub-account on its own capital. Fund it from your perp balance in one hop, swap or stop the strategy whenever you like, and the money stays in the account for the next run.

AI Agent + APIMCPREST

The account you hand to an AI. Point any agent at the Mutex MCP server and it reads the book, sizes the trade and fires the order on its own. Want the controls yourself? The same bot speaks a plain REST API, so your code and the agent drive one account. No hosted strategy, no black box: the intelligence is yours, the execution rails are ours.

A trading key cannot deposit, withdraw, swap or transfer. It is bound to one isolated bot sub-account, so the only money it can ever reach is what you funded that bot with.

Read the MCP docs

mutex mcp · 11 tools

get_markets List markets (or one) with fees and limits.

get_candles OHLCV history.

get_account The account's balance: equity, available, margin, uPnL.

get_positions Open positions.

get_orders List orders (or fetch one by id).

get_fills Fill history.

preview_order Pre-trade fill/fee/margin quote, no side effects.

place_order Place an order; echoes estimate and resulting state.

modify_order Reprice or resize a resting order; echoes state.

cancel_order Cancel one or all; echoes state.

set_leverage Set per-symbol leverage.

GridPopularLadder of buys and sells across a rangePerp · Spot

ZoneNewZone recovery with breakeven exitsPerp

DCAScheduled recurring buysSpot

Fear & GreedNewTrade the crypto Fear & Greed indexPerp · Spot

MoreEverything else on the desk. Market maker is next.AI agentTWAPSignalSmart DCARebalance

Trade log

Know your edge. Numerically.

Every fill is journaled automatically - tagged by strategy, session and setup. See win rate, expectancy and drawdown the moment the trade closes, not at tax time.

Equity curve · last 90 days+$24,318

Win rate

58.4%

▲ 2.1% this month

Expectancy

0.42R

Per trade, after fees

Profit factor

1.87

Across 1,240 trades

Best setup

ORB

London open breakout · +$9.2K

Theme engine

Our themes. Yours to tune.

MUTEX ships customizable themes. Each with its own adjustable color palette, typeface, wallpaper. Enjoy you trading experience with a theme that suits you.

On airCH 01 · Mutex

Hover a channel to tuneTap a channel to tune

Affiliate program

Bring the traders. Split the fees.

Share your link. Every trade your referrals make pays you a cut of the fees - for life, settled continuously, visible on-chain. Tiers climb with your network volume, up to an 70% split.