Built on Hyperliquid · No KYC · Your keys

The perps DEX built to trade like a pro.

Crypto, stocks, FX, commodities and indices — all as futures, all from one wallet. There is no account to open: connect a wallet and trade. Every trade is journaled and scored for you, and you can set risk limits that stop you overtrading.

190+markets40×max leverage24/7crypto marketsUSDCone settlement currency
Π · The gateway
The Pantheon terminal — chart, order book and Smart Order ticket
Smart Orderworks out your size from your stopZen Modeblocks trades over your limitsGraderate a trade before you place itQC Super Powersextra indicators on the chart
The markets

Every market. One wallet. USDC settled.

Crypto trades around the clock. Stocks, FX, commodities and indices follow their own exchange hours. All of them long or short, from the same ticket.

120+Crypto24 / 7 · up to 40×
40Stocksextended hours · 10×
12FX pairs24 / 5 · 20×
8Commoditiesvenue hours · 20×
10Indicesvenue hours · 20×
How it works

Trade Looping: write your rules, trade them, then fix them using your own results.

Seven steps, in order. You write a strategy, set your risk limits, grade each trade as you take it, and Pantheon scores the results. Then it shows you which of your rules made money and which cost you — so you change those rules and go again.

123456
The loop
Step 1 of 7

Build Trading System

Write your strategy down as rules you can tick off.

Sucker Punch · 6 rules · armed

You can start with one strategy and one rule.

Start trading
What is Trade Looping · the 90-second version
The difference

Degen Trader vs Trade Looper

Two accounts, the same market and the same setups. One traded on feel. The other followed written rules and reviewed every trade.

The Degen Trader

Trades on feel.

Size comes from conviction that was never measured. The stop lives in his head and moves when it starts to hurt. A loss is answered with a bigger position, and the only record of any of it is a screenshot in a group chat.

  • No written system
  • Mental stops
  • Size by mood
  • Reviews nothing
The Trade Looper

Trades a system, then edits the system.

Rules are written down and checkable. Risk is set before entry and capped by the platform, not by willpower. Every fill is graded and scored — and at the end of each pass the system loses whatever cost money and keeps whatever made it.

  • Written playbook
  • Stops set pre-entry
  • Fixed % risk
  • Graded every pass
Degen Traderno rulesTrade LooperZen Mode onLog scale
Degen TraderTrade Looper
Position sizeDegen TraderBy feel. 8–14% when it looks goodTrade Looper2% of equity, sized from the stop
Stop lossDegen TraderMental. Moved when it starts to hurtTrade LooperSet before entry, only ever to break-even
LeverageDegen Trader40× because it's thereTrade LooperWhatever the stop distance allows
Three losses inDegen TraderDoubles up to win it backTrade LooperWarned, and told the day is done at −6%
The journalDegen TraderA screenshot in a group chatTrade LooperEvery fill graded, tagged, scored
A losing strategyDegen TraderRuns it for months on hopeTrade LooperDropped once the numbers show it loses

Illustrative 90-day paths, not a performance claim. Zen Mode is optional — full send is always one toggle away.

Trading modes

Three modes. You pick how much we stop you.

Degen lets you trade however you want. Locked In warns you when you go over a risk limit, then lets you trade anyway. Zen Mode blocks the trade instead. Switch modes whenever you want.

Limits in every mode
Risk per tradeYou can risk up to 2% of your account on one trade
No gate
Warns
Blocks
Total open riskYour open positions can risk up to 12% of your account in total
No gate
Warns
Blocks
Daily loss budgetYou can lose up to 6% in a day. Resets at midnight UTC
No gate
Warns
Warns
Losing streakWarns after 3 losses in a row. Ends the day after 5
No gate
Warns
Warns
Double-zone entrySay up front you are entering in two parts and you can risk 4%
No gate
Confirm
Confirm
Extra rules in Zen Mode
A stop on every entryYou cannot place an order without a stop loss
No gate
No gate
Blocks
Tagged to a strategyEvery trade has to be linked to a strategy you wrote
No gate
No gate
Blocks
Stops can only move closerYou can move your stop nearer, never further away
No gate
No gate
Blocks
Adding stays under 2%Adding to a position cannot take its risk over 2%
No gate
No gate
Blocks
Never blocked
Closing, reducing, cancellingYou can always close a position, in every mode
Always
Always
Always

The 2% is worked out from your entry price and your stop before you place the order. It limits the risk you take, not what the trade ends up losing.

TightenInstantOne tap, in force immediately.
Loosen Zen6 hoursZen Mode stays on until then.

The delay is the point: you cannot drop your limits in the middle of a bad session. Leaving Degen or Locked In is instant — neither was stopping you anyway.

Performance Ai

It reads every trade. Then it tells you what to fix.

Two scores, kept separate: how well you traded, and how closely you followed your own rules. Both come from your own trades, not a benchmark.

Pantheon Score
WIN RATEPROFIT FACTORPAYOFFRECOVERYDRAWDOWNCONSISTENCY
This week’s verdict

Your A-grade setups return +2.3R. Your C-grades cost −0.8R.

Stop taking C-grades. That one change is worth more than any new strategy.

Quantum Whale Tracking
Coming soon

Copy the best traders in the space.

Every wallet on Hyperliquid is public. Pantheon tracks all of them and ranks them on how they trade — how much they lose in a bad run, how consistent they are, how big they size — then lets you copy the ones you choose.

All of Hyperliquid · 30 days
01
0x3c1e…a04bMax drawdown −5.1%
+$418,22030d PnL
94
02
trader-four.exampleMax drawdown −4.3%
+$327,88030d PnL
92
03
trader-one.exampleMax drawdown −8.4%
+$1,284,41030d PnL
91
04
0xd80f…22e9Max drawdown −6.2%
+$236,90530d PnL
88
05
trader-three.exampleMax drawdown −11.6%
+$892,14030d PnL
84
06
0x41bd…7ac0Max drawdown −19.4%
+$1,740,33030d PnL
66
07
trader-two.exampleMax drawdown −22.7%
+$2,206,14030d PnL
57
08
0x7f3a…9c21Max drawdown −31.2%
+$3,912,88030d PnL
44
09
0xe22c…5f81Max drawdown −38.9%
+$2,984,51030d PnL
35
10
0x9a0e…17f3Max drawdown −56.3%
+$5,410,02030d PnL
22
Sample rows — these wallets and figures are invented. Ranked from public Hyperliquid data — every wallet, not just ours. Drawdown is computed from realised PnL and net of deposits and withdrawals, so moving money out never reads as a loss.
Your keys · No KYC · Up to 40×

Start trading in about two minutes.

Connect a wallet, deposit USDC, choose how much you want to risk per trade. That is it.

Pantheon — The perps DEX built to trade like a pro