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What factors does BitMEX consider when calculating profit?

avatarGodwin McKenzieDec 25, 2021 · 3 years ago3 answers

Can you explain the factors that BitMEX takes into account when calculating profit? I'm curious to know how they determine the profitability of trades on their platform.

What factors does BitMEX consider when calculating profit?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    When calculating profit, BitMEX considers several factors such as the entry and exit prices of the trade, the leverage used, and any fees associated with the trade. These factors are used to calculate the profit or loss on a trade and determine the overall profitability of a trader's account. It's important to note that profit calculation may vary depending on the specific trading instrument and the type of trade executed on the BitMEX platform.
  • avatarDec 25, 2021 · 3 years ago
    Profit calculation on BitMEX is a complex process that takes into account various factors. These factors include the market price at the time of entry and exit, the size of the position, the leverage used, and any fees incurred during the trade. By considering these factors, BitMEX is able to provide accurate profit calculations for traders on their platform. It's important for traders to understand these factors and how they can impact their overall profitability.
  • avatarDec 25, 2021 · 3 years ago
    When it comes to calculating profit, BitMEX takes into account factors such as the entry and exit prices, the leverage used, and any fees associated with the trade. These factors are crucial in determining the profitability of a trade. BitMEX aims to provide accurate profit calculations to ensure transparency and fairness for their users. By considering these factors, traders can have a better understanding of their trading performance and make informed decisions to optimize their profitability on the BitMEX platform.