Choose a seat. Trade the plan.
One Trader, one Backer, one shared wallet. Fund a seat, get matched, trade on GMX, and get paid out in a fixed order. The numbers below are for the launch size.
THE ARLO IN NINE LINES
01
One Trader puts up $5,000. One Backer puts up $10,000.
02
All $15,000 is traded. Nothing is carved out at the start.
03
The Trader trades it on GMX, for up to thirty days.
04
Open positions share $4,000 of opening risk room, checked on chain at every order.
05
If the wallet reaches $11,000, every position closes and the Arlo ends there.
06
At the end the second person is paid $10,600, out of the wallet, first.
07
Arlo's $150 fee comes next, and only out of whatever is left.
08
The Trader keeps the rest, and owes nothing at all if there is none.
09
Nobody can change an Arlo once it starts. No owner, no pause, no upgrade.
These are the same nine lines for both seats. Lines 06 and 07 state what the Backer and Arlo are owed; the rest explains how the wallet, the trading rules and the settlement waterfall enforce them. An Arlo is formed the moment the two seats match: from then the wallet holds the full $15,000, and everything fixed at that moment — the term, the fee, the halt line, and the absence of anyone who owns it — stays fixed for its life.
YOUR ACCOUNT, AND WHERE MONEY SITS BETWEEN ARLOS
You do not fund an Arlo from your wallet directly. You fund your account, once, and seats are taken from there: $5,000 for a Trader, $10,000 for a Backer. When an Arlo settles, the payout comes back to the same account, and you withdraw to your own wallet whenever you like. It exists so that taking a seat is one click rather than a transaction, and so that the money between Arlos is somewhere you control rather than somewhere we do.
It is never part of an Arlo
The account is not a trading wallet and is never a party to an Arlo. It funds a seat and receives a settlement, and that is the whole of its involvement. In-flight capital sits in the Arlo’s own wallet, never here.
Money has exactly three doors
In from your own wallet. Out to an Arlo you own, or back to the wallet it came from. There is no fourth destination, which is what makes leaving money here different from leaving it with a custodian.
Each Arlo has its own wallet
Funding several seats from one account gives each Arlo its own freshly minted wallet and its own loss budget, so one Arlo cannot reach into another.
You can leave it empty
Nothing has to sit in it. Top it up for the seat you want, or keep a balance and let auto-join take seats as they come, a choice, not a default.
IT LOOKS A LITTLE LIKE THREE THINGS IT IS NOT
Not a prop firm
Nothing to pass, nobody screening you, and no drawdown rule anyone gets to reinterpret the month you finally win. The full comparison is on The Trader seat.
Not a yield product
No pool, no token, nothing lent onward. Your money funds one named counterparty for one fixed term. The full comparison is on The Backer seat.
Not a fund
Nobody manages anything, because there is nobody who could. No manager, no discretion, no strategy, no owner, which is the reason the other two are true.
THE TWO SEATS
TRADER
BACKER
You put up
$5,000
$10,000
You get
everything above $10,750 at settlement
$10,600, paid first
Your return depends on
how you trade
the wallet covering your capital
You can end it early
yes, any time
no
Most you can lose
$5,000, never a debt
$10,000
They are the same arrangement read from opposite ends. The Trader gets size without a repayment obligation. The Backer receives a fixed claim when the wallet covers it. The risk is the waterfall: the Trader's contribution is first loss, then Arlo's fee, then the Backer's bonus, then capital.
THE SIX STEPS
01
Choose your seat
One Arlo pairs one Trader with one Backer. The Trader funds $5,000 to trade with the full wallet. The Backer funds $10,000 and receives up to $10,600 when the wallet covers the settlement claim. Both seats start from your Arlo account, which you top up from your own wallet.
02
Fund, then match
Choose a seat and join its queue. If someone is waiting on the other side, the Arlo forms in that transaction. If the queue is empty, your funds stay available to you and you can leave before a match. Both queues run first come, first served.
03
Trade the full wallet
$5,000 and $10,000 form a $15,000 wallet, and all of it is available to trade from day one. The Trader chooses the market, direction, allocation, leverage, entry and exits. The settlement claim is fixed at formation: $10,000 capital, $600 bonus and $150 Arlo fee, $10,750 in total.
04
Build and manage positions
Each position gets a stop (a price where it closes to limit the loss), or no stop, which puts its whole margin at risk. Before the wallet accepts an order, it adds up what the order could lose and checks it fits inside the Trader's $4,000 of loss room. Leverage can go up to 50x. The Trader can move a stop closer, set a price to take profit, or close part of a position.
05
The wallet has a terminal line
If the wallet reaches $11,000, the Arlo closes and moves to settlement. The $11,000 line combines the $10,750 settlement claim with the separate $250 slippage buffer. There is no top-up and no restart after the halt.
06
Get paid out
Settle and keep your share
At settlement the wallet pays the Backer's capital, bonus and Arlo fee in that order, then the Trader keeps the remainder. The Trader can settle at any time, which pays the Backer the same claim sooner. Once Day 30 arrives, anyone can call settlement.
THE WORKED EXAMPLE, ALL OF IT
A CLEAN CYCLE, DAY 0 TO DAY 30
Trader puts in$5,000
Backer puts in$10,000
Arlo size$15,000
The wallet that gets traded, nothing carved out$15,000
Traded up to settlement — at most 30 days+$1,680
Wallet at settlement$16,680
Backer's capital, out first−$10,000
Backer's bonus, straight after it−$600
Arlo's fee, 5%, recovered here and not before−$150
Closing reserve, never needed this cycle−$0
Backer receives$10,600
Trader keeps$5,930
It ties. In: $15,000 contributed plus $1,680 traded, $16,680. Out: $10,600 to the Backer, $150 to Arlo, and $5,930 to the Trader, which includes the $50 closing reserve, because no forced close was needed. $16,680.
WHAT MAKES THIS POSSIBLE AT ALL
The wallet can only pay three addresses
A Trader can trade the money but cannot send it anywhere except their own wallet, their Backer's, and the Arlo treasury. There is no function that takes a destination. That is why $10,000 of someone else's money can sit in a stranger's wallet for a month.
Nobody is holding it, including us
A formed Arlo has no owner, no pause and no upgrade path. We cannot move an Arlo's funds, reverse a trade, or change a term mid-cycle. The same fact means we cannot make anyone whole either, and both halves have to be said together.