Funding and fees
Read rates, intervals, fill costs and recorded position effects without double counting.
Check maker and taker fees
A maker fill provides resting liquidity; a taker fill executes against liquidity already present. A normal limit order can do either, while Post Only restricts a limit order to maker-only placement.
Maker and taker rates come from current market metadata. Review Estimated Fee in the order preview and actual Role and Fee in Fills. Do not assume a fixed rate across markets, environments, or dates.
For example, a 5-basis-point rate would equal 0.05% of the applicable notional. This is an explanation of units, not an Edel fee quote. One basis point is 0.01 percentage point.
Read the funding rate and interval together
Funding is a periodic charge or credit associated with holding a perpetual position. It is separate from the fee charged on a fill. Read the funding rate with its interval and next funding time in the market header.
The interval is supplied by the market; do not assume all contracts use the same schedule. A predicted rate, where shown, is an estimate and can differ from the rate eventually applied. Missing funding information should remain unavailable rather than being interpreted as zero.
Use the position’s Funding value and Position History to inspect recorded account effects. A market rate or countdown alone does not confirm that a specific account charge has settled.
Conceptually, funding transfers value between the two sides of a perpetual market over its configured interval. Notional and rate help explain the scale of an assessment, but the actual sign convention and charging rules determine which side pays. Check the recorded account charge or credit to confirm which direction applied to your position.
The public funding stream reports the following fields together. Rate, premium and schedule describe the market observation; only the resulting account evidence establishes a charge or credit for your position. See the WebSocket channel reference for integration details.
| Stream field | Read it as |
|---|---|
| fundingRateBps | The published funding rate in basis points for this observation. |
| premiumBps | A separately reported premium observation, not a replacement for the funding rate. |
| fundingIntervalMs | The configured funding interval in milliseconds. |
| fundingTimeEpochMs / nextFundingTimeEpochMs | The observation’s funding time and next scheduled funding time, expressed as epoch milliseconds. |
| status / checkpointSequence | The reported state and checkpoint accompanying the observation. |
Review PNL alongside costs
Fills shows execution price, size, role, fee, and available realized PNL. Position History provides an episode-level view with realized PNL, fees, and funding. These are different views of activity; do not add them together without checking what each field includes.
Unrealized PNL changes with the valuation of open exposure. A favorable price move does not by itself describe the final net outcome after execution costs and funding.
History may lag recent fills or accruals. Check the freshness message before reconciling totals. See portfolio and history.
Understand the effect of cancellation
The current public order contract charges no placement fee. Cancelling an unfilled remainder therefore does not refund a placement charge. Any maker or taker fees already charged on partial fills remain.
A cancelled order can still have fills and fees. Check Fills and the order’s executed quantity rather than interpreting Cancelled as “nothing happened.”
Withdrawal charges, discounts, liquidation charges and affiliate rewards depend on the applicable program and action. Use the amounts and costs shown in the product; no universal rates are defined here.
Read cumulative funding in position history
Position History reports fundingPaidAtoms as the cumulative funding for a position episode. The API and MCP funding tool do not currently return a separate row for every payment. To avoid double counting, treat each updated cumulative value as the latest total rather than an additional payment.
Use market funding rates, intervals and scheduled times to understand upcoming assessments. Use recorded account effects to reconcile actual charges and credits, including the applicable sign, rounding and PNL treatment.