Skip to content
Nocterm Docs

Trading costs: fees & funding

The paper account doesn’t trade for free. Every fill pays a simulated maker or taker fee, and open positions accrue funding on their notional every eight hours - so paper PnL carries the same drag a real perp account does. The rates are per-venue settings with realistic defaults.

Where: Settings ▸ Paper Trading ▸ Trading costsDefaults: maker 2 bps · taker 5 bps · funding 1 bp / 8h
The Trading costs steppers for maker, taker, and funding rates
The Trading costs steppers for maker, taker, and funding rates

How fees charge

Section titled “How fees charge”
  • Taker - anything that executes immediately: market orders, triggered stops, a limit that crosses the book on arrival, and every position close.
  • Maker - a resting limit that fills later, when the market comes to it. A post-only order guarantees this rate by refusing to take.

The fee is charged on the fill’s notional (price × size) and deducted from cash at the fill; on a close it’s folded into the close payout. The defaults mirror Kraken Futures’ base tier - maker 0.02%, taker 0.05% - so a strategy that only survives at zero cost fails on paper the way it would fail live.

Funding

Section titled “Funding”

Positions accrue funding on their open notional at the configured per-8h rate, pro-rated continuously - a position held four hours pays half the 8-hour amount. The sign follows perp convention: with a positive rate longs pay and shorts receive; a negative rate flips it. The default 1 bp (0.01%) per 8h is the industry-standard baseline.

Setting the rates

Section titled “Setting the rates”

Open Settings ▸ Paper Trading (or a venue’s section under Connections). Maker, taker, and funding each have a stepper - nudge the rate up or down in basis points and it applies to that venue’s paper account immediately. Setting all three to zero turns costs off entirely - the pre-costs behaviour.

Section titled “Related”