# Novig fee calculator: taker fee, maker credit, real price

> Independent. Not affiliated with, endorsed by or sponsored by Novig.

Canonical: https://novigapi.com/novig-fee-calculator
Method checked: 2026-11-12
Interactive tool: https://novigapi.com/novig-fee-calculator (prefill with ?a=&b=)

Novig charges the taker 0.06 x P x (1 - P) per $1 of payout, so $100 of payout at 50% costs $1.50 and at 30% or 70% costs $1.26. Game markets charge only while live, major US league futures always; makers never pay and earn 25% (game) or 50% (futures) of the fee as credit (Novig docs, checked 12 Nov 2026).

## Worked example

Novig's own worked examples, $100 of payout (10,000 API contracts)

| Fill price | Taker fee | Fee per $1 | Maker credit (0.25) | Effective price |
| --- | --- | --- | --- | --- |
| 50% | $1.5000 | $0.0150 | $0.3750 | 51.50% |
| 30% | $1.2600 | $0.0126 | $0.3150 | 31.26% |
| 70% | $1.2600 | $0.0126 | $0.3150 | 71.26% |
| 10% | $0.5400 | $0.0054 | $0.1350 | 10.54% |
| 90% | $0.5400 | $0.0054 | $0.1350 | 90.54% |

## The fee formula

```
fee = c x P x (1 - P) x N x $0.01
```
c is the market's fee coefficient (0.06), P the fill price, N the contracts in the fill. An API contract pays one cent, so $1 of payout is 100 contracts.

The fee is largest at 50% and falls to zero at the ends, so a fill at 30% costs the same as one at 70%. It is charged on the price the fill executed at, not your limit price. Each market carries its own fee object with the coefficient, the maker credit and when it is charged; read it from the market rather than assuming the schedule.

Fee schedules (Novig docs, checked 12 Nov 2026)

| Schedule | Coefficient | Maker credit | Charged |
| --- | --- | --- | --- |
| Game market | 0.06 | 0.25 | Only while live |
| Futures (NFL, NCAAF, NCAAB, NCAAWB, MLB, NBA, WNBA, NHL) | 0.06 | 0.5 | Always |
| Futures in PGA, ATP, WTA, UFC, F1, NASCAR (game schedule) | 0.06 | 0.25 | Never: the event never goes live |
| Series winner, any league (game schedule) | 0.06 | 0.25 | Never |


The maker credit is the maker's share of the taker's fee on the same fill. It dropped from 0.5 to 0.25 on game markets, and from 0.7 to 0.5 on futures, on 22 Oct 2026.

## How to use it

1. Enter the fill price as a percentage.
2. Enter the payout if the contract wins.
3. Read the taker fee, the fee per $1 and the effective price; the maker credit shows what the other side earns.

## Questions

### How much are Novig fees?

0.06 x P x (1 - P) per $1 of payout for the taker, at most 1.5 cents per $1 at a 50% price. Game markets charge only while the event is live.

### Do makers pay fees on Novig?

No. Makers never pay, and on game markets they earn 25% of the taker's fee as a credit.

### Is there a fee on pregame bets?

Not on game markets: their fee object is charged WHEN_LIVE. Futures in NFL, NCAAF, NCAAB, NCAAWB, MLB, NBA, WNBA and NHL are charged ALWAYS, so a pregame futures fill pays the fee.

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Get a free API key: https://novigapi.com/sign-up . Docs: https://novigapi.com/docs . MCP: https://novigapi.com/api/mcp . Operated by Stunning Couches LLC. Independent. Not affiliated with, endorsed by or sponsored by Novig.