My Perpetual Prop Firm Tier List Ranked by Edge Using AI Agents. Zero Opinions, Just Data. Every crypto prop firm tier list I see ranks firms based on opinions. I decided to backtest them instead. 54 plans, 348 account sizes and configurations, across 17 firms. Data from 2018 to today. Here's how I tested them: Zero trading edge: Every trade direction was determined by a coin flip. Same strategy across all firms: Only the rules changed. Optimized per plan: Position sizing, markets, number of concurrent accounts, profit targets, and other parameters were optimized within each plan's rules. All costs included: Every fee counted, the best publicly available promo codes applied, and every failed account repurchased. The results? Vest 2-Step 5K: +$200 profit per $100 spent on evaluation fees. Size Prop 1-Step 5K: -$100 per $100 spent. Not a single payout. Same coin flip. Same zero edge. Completely different outcomes. Most firms actually pay a coin flip something. A few don't even return your initial investment. One important warning: Most of these firms are relatively new, and we are still early in their lifecycle. This tier list ranks mathematical edge, NOT sustainability, trustworthiness, or reputation. A profitable model on paper means nothing if the firm doesn't survive long enough to pay you. Which perpetual prop firm and plan are you currently trading?