What are the key formulas or algorithms used by BitMEX to calculate PNL in the digital currency market?

5 answers

• Nov 26, 2021 · 3 years ago
  Sure! BitMEX calculates PNL using a combination of formulas and algorithms. The main formula used is PNL = (Exit Price - Entry Price) * Quantity. This formula calculates the difference between the exit price and the entry price of a trade, multiplied by the quantity of the trade. BitMEX also takes into consideration factors such as fees, leverage, and funding rates, which can affect the overall PNL. The algorithms used by BitMEX ensure accurate and real-time calculations of PNL for traders.
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• Nov 26, 2021 · 3 years ago
  Calculating PNL on BitMEX involves a few key formulas and algorithms. The main formula is PNL = (Exit Price - Entry Price) * Quantity. This formula calculates the difference between the exit price and the entry price of a trade, multiplied by the quantity of the trade. BitMEX also factors in fees, leverage, and funding rates in their calculations. These algorithms ensure that traders have an accurate understanding of their PNL in the digital currency market.
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• Nov 26, 2021 · 3 years ago
  When it comes to calculating PNL on BitMEX, the platform uses a combination of formulas and algorithms to provide accurate results. The main formula used is PNL = (Exit Price - Entry Price) * Quantity. This formula calculates the difference between the exit price and the entry price of a trade, multiplied by the quantity of the trade. Additionally, BitMEX takes into account factors such as fees, leverage, and funding rates to ensure that the PNL calculations are comprehensive and reflect the true profitability of trades. Overall, BitMEX's formulas and algorithms provide traders with a reliable way to calculate PNL in the digital currency market.
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• Nov 26, 2021 · 3 years ago
  PNL calculations on BitMEX rely on a set of formulas and algorithms. The primary formula used is PNL = (Exit Price - Entry Price) * Quantity. This formula calculates the difference between the exit price and the entry price of a trade, multiplied by the quantity of the trade. BitMEX also considers fees, leverage, and funding rates in their calculations to provide traders with accurate PNL figures. These formulas and algorithms ensure that traders have a clear understanding of their profitability in the digital currency market.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a digital currency exchange, utilizes various formulas and algorithms to calculate PNL for traders. The main formula used is PNL = (Exit Price - Entry Price) * Quantity. This formula calculates the difference between the exit price and the entry price of a trade, multiplied by the quantity of the trade. BYDFi also takes into account factors such as fees, leverage, and funding rates to provide accurate PNL calculations. These formulas and algorithms ensure that traders have a comprehensive understanding of their profitability in the digital currency market.
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