# Novig fees explained

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Canonical: https://novigapi.com/guides/novig-fees
Facts checked: 2026-11-12

Novig charges no fee on pre-game straight trades or maker fills; takers pay coefficient x P x (1 - P) per contract on live, futures and parlay trades. As checked on 12 Nov 2026, the coefficient is 0.06 on live and futures straights and 0.10 on parlays, where the fee is already inside the quoted price. (Source: [Novig Help Center: Fees on Novig](https://support.novig.com/en/articles/16195057-fees-on-novig))

## The one formula

```
Fee = coefficient x P x (1 - P) x contracts
```
P is the fill price as a fraction of $1. Fees peak at 50% and shrink toward 0% and 100%; a price of 30% costs the same as 70%.

Because the price is also the implied probability, the fee scales with uncertainty: a coin-flip contract carries the largest fee per contract, heavy favorites and long shots far less. Fees scale linearly with size. The fee is added to the cost of entering the trade, never taken from winnings, so a winning contract always pays the full $1.00. Run any fill through the [Novig fee calculator](https://novigapi.com/novig-fee-calculator).

## Who pays what

Novig's published fee schedule by trade type (Help Center, checked 12 Nov 2026)

| Trade type | Maker | Taker |
| --- | --- | --- |
| Pre-game straight, app, web or API | No fee | No fee |
| Live (in-game) straight | No fee, earns a Maker Credit | 0.06 x P x (1 - P) per contract |
| Futures straight | No fee, earns a Maker Credit | 0.06 x P x (1 - P) per contract |
| Parlay, app or web | Not quotable in the app | 0.10 x P x (1 - P), included in the quote |
| Parlay, API | No fee for quoting makers | Parlays cannot be taken through the API |


## Worked examples

Taker fee per 100 contracts (calculated from the published formula)

| Price | Live or futures (0.06) | Parlay (0.10) | Live effective price |
| --- | --- | --- | --- |
| 10% | $0.54 | $0.90 | 10.54% |
| 20% | $0.96 | $1.60 | 20.96% |
| 30% or 70% | $1.26 | $2.10 | 31.26% or 71.26% |
| 50% | $1.50 | $2.50 | 51.50% |


Novig's own example: taking 100 contracts on a live NFL market at 50% costs $50.00 plus a $1.50 fee, $51.50 in total, and still pays $100.00 if it wins. The maker on the other side receives the full $50.00. The help center counts contracts that pay $1; Novig's trading API counts contracts that pay 1 cent, so its example of 10,000 contracts at 0.50 for a $1.50 fee is the same $100 position. For a parlay quoted at 10.9 cents, Novig says the price reflects a fair price of 10.0 cents plus a 0.9-cent fee.

## Which futures carry a fee

Novig's API docs list futures in NFL, NCAAF, NCAAB, NCAAWB, MLB, NBA, WNBA and NHL as charging the taker fee on every fill, and futures in PGA, ATP, WTA, UFC, F1 and NASCAR as carrying no futures fee. The help center's narrower wording, dated 10 Sep 2026, names golf and tennis as fee-free futures. Series winner markets carry no fee. Novig tells developers to read the fee object on each market rather than rely on any table, including this one.

## Maker credits

Makers never pay, and on fee-carrying markets they can earn a Maker Credit, a share of the taker fee paid as cash within seven days. Since 22 Oct 2026 the credit is 25% of the taker fee on game markets, earned only when your resting order fills in-game, and 50% on eligible futures, earned on every fill. Before that date the credits were 50% and 70%. Parlays and other combination contracts earn no credit. The [market making guide](https://novigapi.com/guides/novig-market-making) has the details.

## Recent changes

- 15 Oct 2026: the live taker coefficient was set at 0.06 in all sports, per Novig's Maker Credit Program terms. One line in the help center's rounding FAQ still cites 0.03 for live, which conflicts with the schedule above it.
- 22 Oct 2026: maker credits fell from 50% to 25% on game markets and from 70% to 50% on futures. The taker fee did not change.

## Rounding and multi-level fills

Fees are assessed to the nearest one-hundred-thousandth of a dollar, with the midpoint rounded up. If an order sweeps several price levels, the fee is calculated once on the volume-weighted average price of the whole fill.

## Deposit and withdrawal fees

Bank transfers through Stripe or Aeropay and stablecoin deposits through Coinflow are fee-free. Credit card, debit card and Apple Pay deposits carry a 3% fee shown before you confirm. We found no published withdrawal fee. See the [minimum deposit guide](https://novigapi.com/guides/novig-minimum-deposit).

If you work with this data in code, Novig has an official trading API and free daily CSVs. [The Novig data API](https://novigapi.com/novig-api) is an independent, read-only layer on top: no Novig account, names resolved, intraday line history, fair prices and alerts.

## Questions

### Does Novig charge a fee?

Only on some trades. Pre-game straight trades and maker fills are free; takers pay a fee on live straights, futures and parlays. Card and Apple Pay deposits carry a 3% processing fee.

### Do Novig fees come out of my winnings?

No. Novig adds the fee to the cost of entering the trade. Winning contracts always pay the full $1.00 per contract.

### How do I avoid taker fees on Novig?

Post limit orders that rest on the book. If someone else fills them you are the maker and pay nothing. Pre-game straight trades are also fee-free even when you take.

### Are API fees different from app fees?

Novig says no: the formula and the 0.06 straight-trade coefficient are the same. Parlays cannot be taken through the API.

## Sources

- [Novig Help Center: Fees on Novig](https://support.novig.com/en/articles/16195057-fees-on-novig)
- [Novig API docs: Trading fees](https://docs.novig.com/api/concepts/fees)
- [Novig docs: Maker Credit Program](https://docs.novig.com/maker-credit-program)
- [Novig Help Center: Standard and Discount Pricing](https://support.novig.com/en/articles/15062817-standard-and-discount-pricing)
- [Novig Help Center: Using a Credit or Debit Card](https://support.novig.com/en/articles/12493780-using-a-credit-or-debit-card)

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