Trading
Fees
The small simulated costs on every trade.
Trades carry small simulated costs, paid in pUSD. They exist so that opening and closing in a loop isn't free and so results reflect real trading.
| Cost | Rate | When |
|---|---|---|
| Spread | 0.1 bp of price | Against you, on open and on close |
| Trading fee | 0.2 bp of position size | On open and on close |
| Funding | None | – |
What a round trip costs
Opening and closing at the same price costs about 0.6000000000000001 bp of your position size. As a share of your margin that grows with leverage:
| Leverage | Round-trip cost, % of margin |
|---|---|
| 1x | 0.006% |
| 10x | 0.06% |
| 50x | 0.3% |
| 100x | 0.6% |
| 500x | 3% |
| 1000x | 6% |