> For the complete documentation index, see [llms.txt](https://docs.duels.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.duels.trade/duel-modes/portfolio-duel.md).

# Portfolio Duel

Portfolio Duel compares real Hyperliquid portfolio performance by percentage gain.

## Best suited for

Traders who want to keep trading a real portfolio while adding a head-to-head Reward based on relative performance.

## Capital and account

* Trades execute against the account shown for the duel.
* Your full trading result can affect your real wallet balance.
* The app can use your connected account or a Duel Sub-Account.
* The Entry Amount funds the Reward, not your trading portfolio.

## Scoring

The highest percentage gain wins. Absolute wallet size does not determine placement.

If two traders start with different collateral, percentage gain keeps scoring relative to each trader's starting basis.

## Risk

* There is no duel-enforced Max Drawdown.
* Real positions can lose more than the Entry Amount.
* Leverage and liquidation risk apply.
* Trading fees and funding can affect the real account even where scoring uses fee-excluded PNL data.

## Entry and reward

Every participant contributes the same Entry Amount to the shared Reward. The trading portfolio is used for scoring; it is not the Reward pool.

The current settlement fee is **5% of each losing Entry Amount**. Trading fees are separate.

## Non-custodial smart contract

Real Entry Amounts are safeguarded through a non-custodial smart contract while the duel is active. They remain separate from the portfolio used for scoring.

The contract does not place portfolio trades. After the result is confirmed, it supports the appropriate payout or refund.

## Duel Sub-Account

The app can display **Create + Fund Duel Sub-Account**.

A Duel Sub-Account isolates Portfolio Duel trading and may be required when the main wallet has open positions. You can select a reusable eligible subaccount or create and fund a new one.

## End of duel

Open positions are closed when the duel ends so final percentage gain can be calculated.

## Key distinction

Losing the duel and losing money are separate outcomes. You can finish below another trader while still making a trading profit, or win the duel while the real portfolio experienced limited absolute performance.

For a comparison with the other paid modes, read [Non-custodial smart contracts](/duels/smart-contract-escrow-and-vaults.md).


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