Paper trading explained

Paper trading lets you run your strategies against real market data without using real money. Trades are simulated — no orders are placed on any exchange.

How it works

• Each paper strategy has its own virtual balance — separate from all other strategies and from your live exchange balances.
• The default paper balance is $10,000 USDT.
• The engine executes "fills" at the current mid-price with no slippage model and no fee simulation.
• Position data, P&L, and trade history are recorded identically to live strategies.

What is paper trading for?

• Testing a new strategy's logic before going live
• Learning the platform without risking real money
• Running a strategy in parallel to a live version to compare outcomes

What are the requirements?

• The Free plan allows 1 paper agent. All paid plans include paper trading at no additional cost.
• A paid plan is required to launch a live strategy. See Switching to live.

What paper trading is not

• It is not a back-test. Paper strategies run forward in real time.
• It does not simulate real fills — a $10 million buy at current price won't show realistic slippage.
• Virtual balance cannot be reset or adjusted — each strategy starts with $10,000 and that's it.