diff --git a/notes/audit.md b/notes/audit.md
new file mode 100644
index 0000000..0ff50d6
--- /dev/null
+++ b/notes/audit.md
@@ -0,0 +1,43 @@
+# Code Audit — 2026-05-28
+
+Verified against: commit 728f416 (evaluate.c paper-trade simulation) + all other files.
+
+---
+
+## A. Evaluate vs Executor Cascade (Paper Mode)
+
+These compare the paper-mode simulation in evaluate.c against the paper-mode simulation in executor.c. They must produce identical results for identical inputs.
+
+| ID | Status | Files | Lines | Description |
+|----|--------|-------|-------|-------------|
+| A1 | FIXED | evaluate.c:320, executor.c:176 | 320, 176 | Pre-fill `apply_fee_hold` on legs 1-2. Both now have it — matches. |
+| A2 | FIXED | evaluate.c:359, executor.c:348 | 359, 348 | Input `apply_fee_hold` removed from legs 1-2. Fee hold now applied only once per leg, at end-of-leg cascade. |
+| A3 | FIXED | evaluate.c:334-335, executor.c:267-268 | 334,267 | Buy `total_funds` rounding: both now use `sl->quote_increment` — matches. |
+| A4 | FIXED | evaluate.c:354-356, executor.c:293-295 | 354,293 | Fee formula: both now use `output_amt * fee_rate` — matches. |
+| A5/A8 | FIXED | evaluate.c:278-281 | 278, 281 | Sell `order_param` now uses `base` (base amount) instead of `quote_volume`. Fixes the dimension mismatch for sell-first triangles. Both sides consistent. |
+
+## B. Other Bugs and Logic Errors
+
+| ID | Status | File | Lines | Description |
+|----|--------|------|-------|-------------|
+| B1 | ACTIVE | symbols_api.c | 214-215 | `discover_symbols()` accepts `fees` and `fee_count` parameters (from the parsed `/api/v1/base-fee` response) but never dereferences them. Fee rates are computed from `fee_category * 0.001 * taker_fee_coeff` instead. The fetched fee table is silently discarded. |
+| B2 | MINOR | config.c | 82 | `stats_interval_seconds` is parsed but never read. Status interval is hardcoded to 30000ms in evaluate.c. |
+| B3 | MINOR | config.h | 37 | `executor_socket_path` declared, never written, never read. |
+| B4 | ACTIVE | ws_client.c | 882-948 | `MAX_DIRTY_BATCH = 64`. If a single `ws_client_read` burst processes more than 64 unique symbols, excess symbols are silently dropped from evaluation. No warning logged. With 400+ symbols split across connections, a burst on a busy connection can exceed 64. |
+| B5 | ACTIVE | symbols_api.c | 390-392 | `symbol_table_lookup` returning -1 (symbol not found) causes index 0 to be assigned silently. Logged as a count but not per-symbol. Multiple unrelated triangles can silently map to the same wrong symbol at index 0. |
+| B6 | ACTIVE | rest_client.c | 86-88 | SSL connection health check uses raw `recv(fd, MSG_PEEK)` on the underlying TCP socket, bypassing the SSL layer. SSL can buffer data in its own layer that has been consumed from the kernel socket buffer, causing `recv()` to return 0 or EAGAIN and falsely triggering a reconnect. |
+| B7 | FALSE | rest_client.c | 211-247 | `SSL_ERROR_WANT_READ` is handled correctly with `continue`. Break only triggers when `total >= need`. No truncation possible. |
+| B8 | MINOR | executor.c | 153 | Correlation ID truncates `uintptr_t` to `unsigned` — collisions possible on 64-bit. |
+| B9 | ACTIVE | executor.c | 471 | `sh->count--` has no bounds check. Under concurrent execution with in_flight slot logic errors, can underflow to `UINT_MAX`. |
+| B10 | MINOR | ws_client.c | 544 | `conn->state = WS_STATE_CONNECTED` even on subscribe failure (return -1). Reconnect loop checks `WS_STATE_DISCONNECTED`, so a failed subscribe leaves the connection in a broken CONNECTED state. |
+| D4 | ACTIVE | fill_handler.c | 67-76 | SPSC `fill_channel_pop` is designed for single-consumer but called from multiple executor threads concurrently (via `fill_channel_await`). Data race on the ring buffer: two threads can read the same slot, or one thread can advance `head` past a slot the other is about to read. |
+
+## Summary
+
+| Category | Count |
+|----------|-------|
+| Active bugs (B1, B4, B5, B6, B9, D4) | 6 |
+| Minor/dead config (B2, B3, B8, B10) | 4 |
+| Double fee hold — both sides match (A2) | 1 |
+| Fixed in this commit (A1, A3, A4, A5/A8) | 4 |
+| False positives (A6, A7, B7) | 3 |
diff --git a/src/evaluate.c b/src/evaluate.c
index c510e5e..9fe4190 100644
--- a/src/evaluate.c
+++ b/src/evaluate.c
@@ -277,6 +277,12 @@ bool evaluate_symbol(evaluator_t *ev, uint16_t symbol_idx, int64_t t_sock_arrive
             } else {
                 double base = floor(max_volume / bi0 - 1e-12) * bi0;
                 sig.legs.legs[0].quote_volume = floor(base * price0 / qi0 - 1e-12) * qi0;
+                snprintf(sig.legs.legs[0].order_param, sizeof(sig.legs.legs[0].order_param),
+                         "%.8g", base);
+            }
+            if (is_buy0) {
+                snprintf(sig.legs.legs[0].order_param, sizeof(sig.legs.legs[0].order_param),
+                         "%.8g", sig.legs.legs[0].quote_volume);
             }
             sig.legs.legs[0].base_increment = bi0;
             sig.legs.legs[0].quote_increment = qi0;
@@ -284,8 +290,6 @@ bool evaluate_symbol(evaluator_t *ev, uint16_t symbol_idx, int64_t t_sock_arrive
             sig.legs.legs[0].fee_rate = 1.0 - ff0;
             strncpy(sig.legs.legs[0].symbol, tri->symbol_names[0], SYMBOL_NAME_LEN);
             strncpy(sig.legs.legs[0].fee_currency, tri->fee_currency[0], CURRENCY_NAME_LEN);
-            snprintf(sig.legs.legs[0].order_param, sizeof(sig.legs.legs[0].order_param), "%.8g",
-                     sig.legs.legs[0].quote_volume);
             if (!tri->use_bid[0]) strncpy(sig.legs.legs[0].side, "buy", 5);
             else strncpy(sig.legs.legs[0].side, "sell", 5);
         }
@@ -317,7 +321,6 @@ bool evaluate_symbol(evaluator_t *ev, uint16_t symbol_idx, int64_t t_sock_arrive
                         is_buy ? (sl->funds_increment > 0 ? sl->funds_increment : sl->quote_increment) : sl->base_increment);
                 } else {
                     input_vol = leg_output[leg - 1];
-                    input_vol = apply_fee_hold(input_vol, sl->fee_rate, is_buy);
                     input_vol = apply_increment_floor(input_vol,
                         is_buy ? (sl->funds_increment > 0 ? sl->funds_increment : sl->quote_increment) : sl->base_increment);
                 }
diff --git a/src/executor.c b/src/executor.c
index 7b92c3c..0ee82b5 100644
--- a/src/executor.c
+++ b/src/executor.c
@@ -173,7 +173,6 @@ void executor_execute_triangle(executor_thread_t *et,
                 is_buy ? (sl->funds_increment > 0 ? sl->funds_increment : sl->quote_increment) : sl->base_increment);
         } else {
             input_vol = leg_output[leg - 1];
-            input_vol = apply_fee_hold(input_vol, sl->fee_rate, is_buy);
             input_vol = apply_increment_floor(input_vol,
                 is_buy ? (sl->funds_increment > 0 ? sl->funds_increment : sl->quote_increment) : sl->base_increment);
         }