Virtual balance

Every paper trading account starts with $10,000 USDT and can be reset to any amount from $100 to $1,000,000 at any time. Each exchange has its own independent paper account with a separate virtual balance.

What is the initial virtual balance?

Every paper trading account starts with $10,000 USDT virtual funds. This is the default for all exchanges.

How do you reset the virtual balance?

If you've burned through the virtual balance (or want to start fresh), you can reset it at any time:

Settings → Accounts → [paper account name] → Reset balance → enter a custom starting amount (default $10,000).

Resetting:

• Closes all paper positions (they're virtually liquidated at current price)
• Resets the balance to the amount you specify
• Clears the P&L history for the paper account

Running paper strategies on that account are paused briefly and then resume with the new balance.

Can you set a custom starting amount?

You can set any amount from $100 to $1,000,000. Some use cases:

• $100: stress-test strategies with a tiny account to see how minimum order sizes affect execution
• $1,000,000: simulate institutional sizing or test a basket with a large portfolio

How do multi-exchange paper accounts work?

Each exchange has its own paper account (Binance Paper, Kraken Paper, etc.) with independent virtual balances. These are not linked — a strategy on Binance Paper doesn't draw from Kraken Paper funds.

This lets you simulate running separate strategies on separate exchanges simultaneously with appropriate sizing for each.