What is the formula used by BitMEX to calculate profit?

3 answers

• João Pedro Gomes de SouzaSep 15, 2022 · 3 years ago
  Sure! BitMEX calculates profit using a simple formula: Profit = (Exit Price - Entry Price) * Quantity. This formula takes into account the difference between the exit price and the entry price of a trade, multiplied by the quantity of the asset traded. It's a straightforward calculation that helps traders determine their profit or loss on a trade.
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• Nithin NavdeepSep 02, 2023 · 2 years ago
  The formula used by BitMEX to calculate profit is quite simple. It takes the difference between the exit price and the entry price of a trade, and then multiplies it by the quantity of the asset traded. This gives you the profit or loss on the trade. It's important to note that this formula doesn't take into account fees or other costs associated with trading on BitMEX.
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• beardedFeb 14, 2021 · 4 years ago
  When it comes to calculating profit on BitMEX, the formula is as follows: Profit = (Exit Price - Entry Price) * Quantity. This formula calculates the difference between the exit price and the entry price of a trade, and then multiplies it by the quantity of the asset traded. It's a standard formula used by many trading platforms, including BitMEX.
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