How does BitMEX calculate PNL for different cryptocurrencies?

3 answers

• Nov 28, 2021 · 3 years ago
  Sure! BitMEX calculates PNL for different cryptocurrencies by taking into account the difference between the entry price and the exit price of a trade. It also considers factors such as leverage, funding rates, and fees. The PNL is calculated in the base currency of the trading pair. For example, if you are trading BTC/USD, the PNL will be calculated in USD. BitMEX provides a detailed breakdown of the PNL calculation on their platform, so you can easily track your profits and losses.
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• Nov 28, 2021 · 3 years ago
  BitMEX calculates PNL for different cryptocurrencies using a sophisticated algorithm that factors in various variables. These variables include the entry and exit prices, leverage, funding rates, and fees. By considering these factors, BitMEX is able to provide an accurate calculation of the PNL for each trade. It's important to note that PNL is calculated in the base currency of the trading pair, so if you are trading ETH/BTC, the PNL will be in BTC.
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• Nov 28, 2021 · 3 years ago
  When it comes to calculating PNL for different cryptocurrencies on BitMEX, it's all about the numbers. BitMEX takes into account the entry price, exit price, leverage, funding rates, and fees to determine the PNL for each trade. The PNL is calculated in the base currency of the trading pair, which means that if you are trading XRP/USD, the PNL will be in USD. BitMEX's advanced algorithm ensures accurate and transparent PNL calculations, so you can keep track of your profits and losses with ease.
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