{"format":"opendoc-document","version":1,"url":"https://docs.upscale.trade/trading-mechanics/funding","title":"Funding","description":"Funding models: crypto, classic RWA, indices and copper, round-the-clock markets","kind":"article","locale":"en","inLanguage":"en","lastModified":"2026-10-20T11:41:17+03:00","revision":"24e7104bc65d62f5a887ca43715ae3941324f712355db86cc6cc0c9895024fda","section":{"title":"Documentation","url":"https://docs.upscale.trade"},"representations":{"html":"https://docs.upscale.trade/trading-mechanics/funding","markdown":"https://docs.upscale.trade/trading-mechanics/funding.md","json":"https://docs.upscale.trade/trading-mechanics/funding.json"},"translations":{"en":"https://docs.upscale.trade/trading-mechanics/funding","ru":"https://docs.upscale.trade/ru/torgovye-mekhaniki/fanding","es":"https://docs.upscale.trade/es/mecanica-del-trading/funding_es"},"breadcrumbs":[{"title":"What is Prop Trading","url":"https://docs.upscale.trade"},{"title":"Funding","url":"https://docs.upscale.trade/trading-mechanics/funding"}],"headings":[{"depth":2,"id":"funding-models","title":"Funding models"},{"depth":2,"id":"impact-on-strategy","title":"Impact on strategy"},{"depth":2,"id":"tracking-funding","title":"Tracking funding"}],"markdown":"---\ntitle: \"Funding\"\ndescription: \"Funding models: crypto, classic RWA, indices and copper, round-the-clock markets\"\nicon: arrows-rotate\npublished: true\n---\n\n**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.\n\nFunding 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.\n\nThe amount is calculated from the **position notional** — the full size including leverage, not the collateral posted:\n\n**Charge = position notional × rate × number of cycles**\n\nwhere 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.\n\n| Category | Rate | Frequency |\n|---|---|---|\n| Crypto | 0.015% | every 8 hours |\n| Forex | 0.009%, 0.027% on Wednesdays | once a day |\n| Gold and silver | 0.048%, 0.144% on Wednesdays | once a day |\n| US and European indices, copper | 0.025%, 0.075% on Fridays | once a day |\n| 24/7 stocks, KR200, WTI crude oil and natural gas | 0.025% | once a day |\n\n## Funding models\n\n{% tabs %}\n{% tab title=\"Crypto\" %}\n| Parameter | Value |\n|---|---|\n| Rate | 0.015% |\n| Frequency | every 8 hours |\n| Schedule | 00:00, 08:00 and 16:00 UTC |\n\nFunding is charged in proportion to position size and deducted directly from the margin account.\n{% endtab %}\n\n{% tab title=\"RWA\" %}\n| Parameter | Forex | Gold and silver |\n|---|---|---|\n| Rate on regular days | 0.009% | 0.048% |\n| Rate on Wednesdays | 0.027% | 0.144% |\n| Frequency | once a day | once a day |\n\nThe triple rate on Wednesdays compensates for the weekend, when markets are closed.\n\nThe 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](Trading_Assets.md) page.\n{% endtab %}\n\n{% tab title=\"Indices and copper\" %}\n| Parameter | Value |\n|---|---|\n| Rate Monday to Thursday | 0.025% |\n| Rate on Friday | 0.075%, triple — covering Friday, Saturday and Sunday |\n| Frequency | once a day |\n| Charge time | 16:00 ET (America/New_York) |\n| Weekends | no separate charges |\n\nThe model covers the indices US500, NAS100, US30, US2000, GER40 and EU50 and HG copper — markets that close for the weekend. The KR200 index trades around the clock and follows the round-the-clock markets model.\n\nFunding is calculated from the current notional of the open position at the moment it is applied.\n{% endtab %}\n\n{% tab title=\"Round-the-clock markets\" %}\n| Parameter | Value |\n|---|---|\n| Rate | 0.025% of the full position size including leverage |\n| Frequency | once a day, including Saturday and Sunday |\n| Charge time | 24/7 stocks, KR200 and natural gas — 16:00 ET (America/New_York), WTI — 20:00 UTC |\n\nThere is no increased rate on any particular day: the standard 0.025% is charged on Saturday and Sunday too.\n\nThe model covers all 24/7 stocks, the KR200 index, WTI crude oil and NATGAS natural gas. The full list of instruments is on the [Trading Assets](Trading_Assets.md) page.\n{% endtab %}\n{% endtabs %}\n\n{% hint style=\"info\" %}\nET is America/New_York time: **UTC−4** in summer and **UTC−5** in winter. The switch happens on the second Sunday in March and the first Sunday in November, so these markets have no fixed schedule in UTC — session boundaries in UTC shift twice a year.\n\nFunding with a 16:00 ET charge time is always deducted at 16:00 New York time: when clocks change for summer or winter, the moment of the charge in UTC shifts automatically, the rate stays the same and nothing is charged twice.\n{% endhint %}\n\n## Impact on strategy\n\nIf 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.\n\n<details>\n\n<summary>Worked examples</summary>\n\nIn all 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.\n\n**Crypto.** A position with a $10,000 notional held for 3 days. Charged every 8 hours, that is 9 cycles.\n\n$10,000 × 0.015% × 9 = **$13.50**\n\n**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.\n\n$10,000 × (0.009% × 4 + 0.027%) = **$6.30**\n\n**Gold and silver.** The same position at the 0.048% rate.\n\n$10,000 × (0.048% × 4 + 0.144%) = **$33.60**\n\n</details>\n\n## Tracking funding\n\nFor each open position the trading terminal shows the time until the next charge, the current rate and the estimated amount to be deducted.\n\n{% hint style=\"info\" %}\nPlan for funding in advance: over a longer holding period it has a noticeable effect on the final return of a trade. How costs affect results overall is covered on the [PnL and ROI](PnL_and_ROI.md) page.\n{% endhint %}\n","text":"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 0.015% 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 US and European indices, copper 0.025%, 0.075% on Fridays once a day 24/7 stocks, KR200, WTI crude oil and natural gas 0.025% once a day Funding models Parameter Value Rate 0.015% 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 model covers the indices US500, NAS100, US30, US2000, GER40 and EU50 and HG copper — markets that close for the weekend. The KR200 index trades around the clock and follows the round the clock markets model. Funding 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, including Saturday and Sunday Charge time 24/7 stocks, KR200 and natural gas — 16:00 ET (America/New York), WTI — 20:00 UTC There is no increased rate on any particular day: the standard 0.025% is charged on Saturday and Sunday too. The model covers all 24/7 stocks, the KR200 index, WTI crude oil and NATGAS natural gas. The full list of instruments is on the Trading Assets page. ET is America/New York time: UTC−4 in summer and UTC−5 in winter. The switch happens on the second Sunday in March and the first Sunday in November, so these markets have no fixed schedule in UTC — session boundaries in UTC shift twice a year. Funding with a 16:00 ET charge time is always deducted at 16:00 New York time: when clocks change for summer or winter, the moment of the charge in UTC shifts automatically, the rate stays the same and nothing is charged twice. 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 all 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 × 0.015% × 9 = $13.50 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. Plan for funding in advance: over a longer holding period it has a noticeable effect on the final return of a trade. How costs affect results overall is covered on the PnL and ROI page."}