Opening an account takes a few minutes, and most of that is getting USDC into your balance. Over Instant is the account you can open today, and it has no evaluation: you trade it from the first day.
Over Instant, step by step
- Top up your balance. Send USDC on Solana from the wallet you signed in with, or from any Solana wallet you connect, such as Phantom, Solflare or Backpack.
- Pick a size. Anything from $1,000 to $35,000.
- Pick a room. From 3% to 7% of the account: the most it can lose. It sets your floor, which is fixed when you open and never trails your high.
- Open the account. You pay the first day’s rate when it opens, then one day at a time from your balance. The rate is highest in week 1, lower from day 8 and lowest from day 21. See Prop funding rate.
- Trade. Stock and crypto perps at live prices, with no trading fees and no profit target.
- Take payouts. From day 7, then every 5 days, when you’re in profit with no open positions. You keep 80%, up to 4% of the account per payout and 8% from day 73. After a payout the account goes back to its starting size.
An account runs for 90 days. It ends early if it touches its floor. If a day’s rate goes unpaid the account pauses until you reactivate it, which costs the missed days plus 0.3% of the account. Up to 75% of a payout can go toward the rate still to come.
Fit the account to your strategy
Room is the setting that matters most. A scalper with tight stops needs very little, while a swing or news trader needs more to sit through normal moves without touching the floor. More room costs a little more per day, so pick the room your strategy needs rather than the most you can get. In the app, Help me choose suggests the account and room from how you trade.
Recommended room and cost
| Strategy | Room | Max loss | Rate in total | Per day |
|---|---|---|---|---|
| Scalper, seconds to minutes | 3% | $300 | $469 | $23.45, then $2.61 |
| Intraday, flat by the close | 4% | $400 | $489 | $24.45, then $2.72 |
| Swing, days to weeks | 6% | $600 | $569 | $28.45, then $3.17 |
| Event-driven, earnings and macro | 7% | $700 | $599 | $29.95, then $3.34 |
| Starting out, on $5,000 | 3% | $150 | $246.23 | $12.31, then $1.37 |
| Position, on $50,000 Over Pro | 5% | $2,500 | $1,125 | $56.25, then $6.27 |
Figures are for a $10,000 Over Instant account over 90 days unless the row says otherwise. Per day shows the week 1 rate, then the rate from day 21. Position trading needs Over Pro, which opens soon with accounts from $50,000 to $1,000,000 at up to 3× leverage and a 100-day life.
Paying in USDC
Everything on Over is paid in USDC on Solana, from the daily rate you pay to every payout you receive.