What is the best way to calculate profit on BitMEX?

4 answers

• tm_w_pAug 01, 2024 · a year ago
  To calculate profit on BitMEX, you need to consider a few factors. First, you need to know the entry price and the exit price of your trade. Subtract the entry price from the exit price to get the price difference. Next, you need to consider the leverage used in the trade. Multiply the price difference by the leverage to get the profit or loss in terms of the base currency. Finally, take into account any fees or funding costs associated with the trade. Subtract these costs from the profit or add them to the loss to get the final profit or loss on BitMEX.
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• Alice SmithMar 03, 2021 · 5 years ago
  Calculating profit on BitMEX is not as complicated as it may seem. You just need to know the basic formula. Take the exit price minus the entry price to get the price difference. Then, multiply the price difference by the quantity of contracts you traded. This will give you the profit or loss in terms of the base currency. Keep in mind that BitMEX charges fees for trading, so don't forget to subtract these fees from your profit or add them to your loss.
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• tianxsianyejahehJul 25, 2023 · 2 years ago
  When it comes to calculating profit on BitMEX, there are a few things you need to keep in mind. First, you need to know the entry price and the exit price of your trade. Subtract the entry price from the exit price to get the price difference. Next, you need to consider the leverage used in the trade. Multiply the price difference by the leverage to get the profit or loss in terms of the base currency. Finally, take into account any fees or funding costs associated with the trade. Subtract these costs from the profit or add them to the loss to get the final profit or loss on BitMEX. If you're looking for a more advanced and automated way to calculate profit on BitMEX, you can consider using third-party tools like BYDFi, which provide comprehensive profit calculation features.
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• Cute DollAug 23, 2024 · a year ago
  Calculating profit on BitMEX can be done using a simple formula. Take the exit price minus the entry price to get the price difference. Then, multiply the price difference by the quantity of contracts you traded. This will give you the profit or loss in terms of the base currency. Don't forget to consider any fees or funding costs associated with the trade. Subtract these costs from the profit or add them to the loss to get the final profit or loss on BitMEX. Remember, accurate profit calculation is crucial for successful trading on any platform, including BitMEX.
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