Funding is a periodic charge for holding an open position. On Upscale the rate is fixed: it is set in advance for each asset category and is not recalculated from market conditions.
Funding applies on every market and in both directions — long and short alike. The amount is proportional to position size, taken from margin, and does not depend on whether the position is in profit or at a loss.
| Category | Rate | Frequency |
|---|---|---|
| Crypto | 0.03% | every 8 hours |
| RWA: Forex, commodities | 0.048%, 0.144% on Wednesdays | once a day |
| Indices | 0.025%, 0.075% on Fridays | once a day |
| 24/7 stocks and WTI crude oil | 0.025% | once a day |
Funding models
| Parameter | Value |
|---|---|
| Rate | 0.03% |
| Frequency | every 8 hours |
| Schedule | 00:00, 08:00 and 16:00 UTC |
Funding is charged in proportion to position size and deducted directly from the margin account.
| Parameter | Value |
|---|---|
| Rate on regular days | 0.048% |
| Rate on Wednesdays | 0.144%, triple funding |
| Frequency | once a day |
| Charge time | 00:00 UTC |
The triple rate on Wednesdays compensates for the weekend, when markets are closed.
The model covers Forex, gold and silver. While these markets are paused, no funding is charged on open positions. Session and pause schedules for each category are on the Trading Assets page.
| Parameter | Value |
|---|---|
| Rate Monday to Thursday | 0.025% |
| Rate on Friday | 0.075%, triple — covering Friday, Saturday and Sunday |
| Frequency | once a day |
| Charge time | 16:00 ET (America/New_York) |
| Weekends | no separate charges |
The charge is calculated from the current notional of the open position at the moment it is applied.
| Parameter | Value |
|---|---|
| Rate | 0.025% of the full position size including leverage |
| Frequency | once a day |
| Charge time | stocks — 16:00 ET (America/New_York), WTI — 20:00 UTC |
The model covers the synthetic shares AAPL, AMZN, GOOGL, META, MSFT, NVDA, SPCX and TSLA, along with WTI crude oil.
Impact on strategy
If a position is held for a few hours and closed before the charge time, funding does not affect it at all. Held across several cycles, the accumulated cost becomes a meaningful part of overall expenses.
Worked examples
Crypto. A $10,000 position held for 3 days — that is 9 charge cycles.
$10,000 × 0.03% × 9 = $27
RWA. A $10,000 position held from Monday to Friday, including Wednesday at the triple rate.
$10,000 × (0.048% × 4 + 0.144%) = $33.60
Tracking funding
For each open position the trading terminal shows the time until the next charge, the current rate and the estimated amount to be deducted.