Can you provide step-by-step instructions on how to calculate profit on BitMEX contracts?

1 answers

• Apr 26, 2022 · 3 years ago
  Certainly! Here's a step-by-step guide to help you calculate profit on BitMEX contracts: 1. Determine the entry price: This is the price at which you entered the contract. 2. Determine the exit price: This is the price at which you exited the contract. 3. Calculate the price difference: Subtract the entry price from the exit price. 4. Determine the contract quantity: This is the number of contracts you traded. 5. Calculate the profit/loss: Multiply the price difference by the contract quantity. For example, if you entered a contract at $10,000 and exited at $11,000 with a quantity of 10 contracts, the profit would be ($11,000 - $10,000) * 10 = $10,000. I hope this guide helps you understand the process better. If you have any more questions, feel free to ask.
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