Copy trading
Copy-trading fees: exchange, builder, funding and creator costs
Copy-trading costs can include exchange fees, slippage, funding and applicable builder or creator fees. Each has a different basis. WalletFollow’s permitted builder approval is capped at 0.05%; the current setup screen, fee schedule and executed records determine which charges actually apply.
Read the basis of each cost
Exchange execution fees depend on the venue’s current schedule and the relevant account and trade conditions. Builder fees attach to qualifying executed notional under an approved builder arrangement. Funding is a periodic transfer associated with holding a perpetual position. Slippage is a price difference, not always an explicit line item on a ledger.
Do not sum percentage rates blindly. A rate charged on notional and a performance fee charged on qualifying profit use different denominators. A zero-profit period can still incur exchange fees, builder fees, funding and slippage.
Translate a rate into a concrete example
Hypothetical example: a 0.05% fee on $10,000 of qualifying executed notional is $5, because $10,000 multiplied by 0.0005 equals $5. This is an arithmetic example, not a prediction of a subscription’s bill. WalletFollow’s engine-link fee terms apply the builder fee to risk-increasing fills; reduce-only exits do not carry a WalletFollow builder fee. Exchange fees and execution costs can still apply to exits.
Frequent turnover can create substantial cumulative notional even with modest capital. Comparing one fee to the account’s deposit amount understates cost when that capital is traded repeatedly. Review total executed notional over the period.
Creator fees require their own status and rules
A portfolio can display a declared creator fee while collection is inactive. Eligibility, platform capabilities and the bound schedule matter. If a performance fee is enabled, read its profit basis, high-water mark, crystallization cadence and treatment of losses before subscribing. A displayed simulated fee in a backtest is not evidence that money was collected.
WalletFollow’s platform does not move, deduct, hold or pay out user or creator funds. An invoice record is distinct from a payment. This educational guide does not ask your wallet to sign an invoice payment.
Reconcile net results without counting costs twice
Some venue fill records include a builder component inside the total fee. Adding the component again would overstate cost. Keep gross trade PnL, total execution fee, funding and any separately applicable creator cost in a documented reconciliation. The current account screen and fee disclosure take precedence over a generic example when assessing your setup.
- Check rate, denominator and applicable fill type.
- Distinguish declared, simulated and active fees.
- Review turnover and funding over the whole period.
- Inspect total fill-fee treatment before adding components.