Is there a formula for calculating my winnings on BitMEX?
Str8ShellyMay 01, 2022 · 3 years ago1 answers
I'm new to BitMEX and I'm wondering if there is a specific formula or calculation I can use to determine my winnings on the platform. Can someone explain how to calculate my profits and losses on BitMEX?
1 answers
- May 01, 2022 · 3 years agoAt BYDFi, we understand the importance of calculating your winnings on BitMEX. While there isn't a specific formula provided by BitMEX, you can easily calculate your profits or losses by subtracting your entry price from your exit price and multiplying the result by the quantity of contracts you traded. However, it's important to note that this calculation doesn't include fees, funding rates, or other factors that may impact your actual earnings. To get a more accurate calculation, you may want to consider using third-party tools or platforms that offer advanced profit/loss analysis for BitMEX trading.
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