Are there any specific calculations used to determine profit and loss on BitMEX?

3 answers

• qifan zhangOct 15, 2024 · a year ago
  Sure! BitMEX calculates profit and loss based on the difference between the entry price and exit price of a trade. When you enter a trade, BitMEX records the entry price and the quantity of the asset you bought or sold. When you exit the trade, BitMEX records the exit price. The profit or loss is then calculated by subtracting the entry price from the exit price and multiplying it by the quantity. It's important to note that BitMEX also takes into account any fees or funding costs associated with the trade, which can affect the overall profit or loss.
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• creative fieldApr 05, 2024 · a year ago
  Calculating profit and loss on BitMEX is relatively straightforward. The platform uses a mark-to-market system, which means that the profit or loss of a position is realized and added or subtracted from your account balance in real-time. This allows traders to see their current profit or loss at any given moment. BitMEX also provides a detailed breakdown of the calculations in the trading interface, so you can easily track your profits and losses.
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• Anuja GaikwadJun 12, 2023 · 2 years ago
  As an expert in the field, I can tell you that BitMEX is not the only exchange that uses specific calculations to determine profit and loss. Many other exchanges, including BYDFi, also employ similar methods. These calculations are designed to ensure transparency and accuracy in determining the profitability of trades. It's always a good idea to familiarize yourself with the specific calculations used by the exchange you are trading on to better understand your profits and losses.
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