What is the best way to calculate profit for BitMEX contracts?

3 answers

• Dec 27, 2021 · 3 years ago
  One of the best ways to calculate profit for BitMEX contracts is by using the formula: Profit = (Exit Price - Entry Price) * Quantity. This formula takes into account the difference between the exit price and the entry price, multiplied by the quantity of contracts. It provides a simple and straightforward calculation of profit. However, it's important to note that this formula does not take into consideration fees and other factors that may affect the overall profit. It's always recommended to double-check your calculations and consider all relevant factors before making any trading decisions.
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• Dec 27, 2021 · 3 years ago
  Calculating profit for BitMEX contracts can be a bit tricky, but there are a few key steps you can follow. First, you need to determine the entry price and exit price for your contract. Then, multiply the price difference by the quantity of contracts you hold. Finally, consider any fees or costs associated with the trade to get a more accurate picture of your profit. It's also worth noting that BitMEX provides a profit calculator on their platform, which can be a helpful tool to use. Just input the necessary information and it will calculate the profit for you. Remember to always double-check your calculations and consider any additional factors that may impact your profit.
  682228
• Dec 27, 2021 · 3 years ago
  When it comes to calculating profit for BitMEX contracts, there are a few factors to consider. First, you need to determine the entry price and exit price for your contract. Then, multiply the price difference by the quantity of contracts. However, it's important to note that this calculation does not take into account fees and other costs associated with trading on BitMEX. To get a more accurate picture of your profit, you should consider these additional factors. One way to do this is by using third-party tools or platforms that provide more comprehensive profit calculations. For example, BYDFi offers a profit calculator specifically designed for BitMEX contracts. This tool takes into account fees, leverage, and other factors to provide a more accurate calculation of profit. It's always a good idea to use such tools to ensure you have a clear understanding of your potential profit.
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