Paper Trading
Practice trading with virtual funds before going live.
What is Paper Trading?
Paper mode simulates trading with a $1,000 virtual balance. All orders execute against real market data but no real money is involved. It's the best way to learn the interface and test strategies before going live.
How to Use
- •Toggle: Click the PAPER button in the header to switch between paper and live mode
- •Balance: Starts at $1,000. Hover over the P&L display to see trade history
- •Reset: Click the reset button next to the balance to start over with $1,000
- •Journal: Paper trades are tracked separately in the Journal page
Paper vs Live
FeaturePaperLive
Balance$1,000 virtualReal USDC.e
Market dataReal-timeReal-time
ExecutionSimulatedReal CLOB
FeesNoneTaker: ~1.5%
API requiredNoYes
We recommend trading in Paper mode for at least a few sessions before switching to Live. This lets you practice order placement, TP/SL mechanics, and strategy execution without any financial risk.