Does Polymarket PnL include fees?

Yes — the profit on profiles and leaderboards already has taker fees taken out. ProbPocket checked it on 2026-10-30: for fee-heavy wallets, every cash in and out plus open positions landed within a few percent of the official figure, while the fees paid were several times that gap. In the archive (as of 2026-11-01), for 85 of 680 profitable wallets the fees paid equal 10% or more of what they kept.

What are maker rebates?

Payments Polymarket makes to liquidity providers. They appear in the public activity feed; across 623 measured wallets we see $24.41M in visible rebates.

Why are your fees-paid numbers a lower bound?

Fees are reverse-solved from the activity feed one run at a time, starting from when we began tracking each wallet (median coverage 106 days). Earlier fees are unknown, not zero.

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Polymarket fees and PnL: what fees cost a wallet

Data as of 2026-11-01 · source: daily Polymarket leaderboard archive 2026-03-19 → 2026-11-01 (203 snapshots), checked against Polymarket's public APIs · methodology

$5.13Mtaker fees reverse-solved across 979 wallets

85 / 680profitable wallets whose fees paid are ≥ 10% of lifetime PnL

1%median fees paid ÷ lifetime PnL (profitable wallets)

$24.41Mvisible maker + taker rebates, 623 wallets

Polymarket's official PnL already has taker fees deducted. Across 979 leaderboard wallets, ProbPocket reverse-solved $5.13M in taker fees paid; for 85 of 680 profitable wallets the fees paid equal at least 10% of their lifetime PnL.
Source: ProbPocket, data as of 2026-11-01 — https://probpocket.com/guides/polymarket-fees-and-pnl/

Where 30-day profit actually comes from

For 200 wallets we split the last 30 days of cash flow into trading cash and rebates:

30-day profile	Wallets
Trading profit dominates	54
Trading lost money, rebates offset part of it	50
Rebates are a material share	1
Rebates are most of the profit	0
Net negative over the window	17
No usable activity in the window	78

Short answer: the PnL Polymarket shows already has taker fees deducted, and rebates and rewards are already in it. Fees still tell you something: for active takers with thin margins, the fees paid are a large share of what they kept, so their edge is smaller than their volume suggests. Makers, on the other side, earn rebates — $24.41M visible across the wallets we track — which is income, but not trading skill.

What this means when you read a wallet

Do not subtract fees from the profile number again — it is already net of them.
A maker-heavy wallet's profit can be partly rebates and rewards; check the wallet page's reference lines.
Each verified wallet page lists fees paid, rebates and rewards for reference where we have the data.

FAQ

Does Polymarket PnL include fees?: Yes — the profit on profiles and leaderboards already has taker fees taken out. ProbPocket checked it on 2026-10-30: for fee-heavy wallets, every cash in and out plus open positions landed within a few percent of the official figure, while the fees paid were several times that gap. In the archive (as of 2026-11-01), for 85 of 680 profitable wallets the fees paid equal 10% or more of what they kept.
What are maker rebates?: Payments Polymarket makes to liquidity providers. They appear in the public activity feed; across 623 measured wallets we see $24.41M in visible rebates.
Why are your fees-paid numbers a lower bound?: Fees are reverse-solved from the activity feed one run at a time, starting from when we began tracking each wallet (median coverage 106 days). Earlier fees are unknown, not zero.