How can I accurately calculate my profit on BitMEX?

5 answers

• Alejandro AcevedoApr 25, 2024 · a year ago
  Calculating profit on BitMEX can be a bit tricky, but with the right approach, you can get accurate results. One way to do this is by using the formula: (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 the cryptocurrency you traded. Keep in mind that this formula doesn't include fees, so make sure to subtract the fees from your profit to get the actual amount you'll be making.
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• deflkyApr 05, 2022 · 3 years ago
  To accurately calculate your profit on BitMEX, you need to consider a few factors. First, you'll need to know the entry price and exit price of your trade. These can be found in your trading history. Next, you'll need to account for any fees that BitMEX charges. These fees can vary depending on the type of trade you're making. Finally, you'll need to factor in the quantity of cryptocurrency you traded. By taking all of these factors into account, you'll be able to calculate your profit on BitMEX accurately.
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• Sultan BayezidNov 23, 2021 · 4 years ago
  When it comes to accurately calculating your profit on BitMEX, there are a few things you should keep in mind. First, make sure you're using the correct formula for the type of trade you're making. BitMEX offers different types of trades, such as market orders and limit orders, and each type has its own formula for calculating profit. Second, don't forget to account for fees. BitMEX charges fees for both opening and closing positions, so make sure to subtract these fees from your profit. Finally, double-check your calculations to ensure accuracy.
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• Dagim AlemayehuApr 09, 2024 · a year ago
  Calculating profit on BitMEX can be a bit challenging, but it's essential to have an accurate understanding of your earnings. One approach is to use the BitMEX API to retrieve your trade history and calculate the profit programmatically. This method allows you to automate the process and ensures accuracy. Additionally, there are third-party tools and websites that can help you calculate your profit on BitMEX. These tools often take into account fees and other factors to provide you with a more accurate calculation.
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• blossom eseDec 27, 2021 · 4 years ago
  When it comes to accurately calculating your profit on BitMEX, BYDFi is a great resource to consider. BYDFi offers a range of tools and features that can help you calculate your profit with ease. Their platform provides real-time data and advanced analytics, allowing you to track your trades and calculate your profit accurately. Whether you're a beginner or an experienced trader, BYDFi can be a valuable tool in your profit calculation process on BitMEX.
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