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. It is taken from margin and does not depend on whether the position is in profit or at a loss.
The amount is calculated from the position notional — the full size including leverage, not the collateral posted:
Charge = position notional × rate × number of cycles
where position notional = collateral × leverage, the rate is the value from the table for that asset category, and the number of cycles is how many charge times occurred while the position was open.
| Category | Rate | Frequency |
|---|---|---|
| Crypto | 0.03% | every 8 hours |
| Forex | 0.009%, 0.027% on Wednesdays | once a day |
| Gold and silver | 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 | Forex | Gold and silver |
|---|---|---|
| Rate on regular days | 0.009% | 0.048% |
| Rate on Wednesdays | 0.027% | 0.144% |
| Frequency | once a day | once a day |
The triple rate on Wednesdays compensates for the weekend, when markets are closed.
The charge time varies by market — the exact moment for each pair is shown in the terminal. 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
In both examples $10,000 is the position notional — the full size including leverage. Collateral of $2,000 at x5 leverage, for instance, gives a $10,000 notional.
Crypto. A position with a $10,000 notional held for 3 days. Charged every 8 hours, that is 9 cycles.
$10,000 × 0.03% × 9 = $27
Forex. A position with a $10,000 notional held from Monday to Friday: four days at the regular rate and Wednesday at the triple rate.
$10,000 × (0.009% × 4 + 0.027%) = $6.30
Gold and silver. The same position at the 0.048% 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.