What are the steps to calculate profit on Binance futures?

1 answers

• Dec 16, 2021 · 3 years ago
  Sure thing! Here's a step-by-step guide to help you calculate profit on Binance futures: 1. Determine the entry price: This is the price at which you entered the trade. 2. Determine the exit price: This is the price at which you plan to exit the trade. 3. Calculate the price difference: Subtract the entry price from the exit price. 4. Determine the contract quantity: This is the number of contracts you traded. 5. Calculate the profit: Multiply the price difference by the contract quantity. 6. Consider fees: Take into account any trading fees or commissions. 7. Calculate the net profit: Subtract the fees from the profit. Remember, this is a basic calculation and may not include all factors that can impact your profit. Always double-check your calculations and consider other variables such as leverage and funding fees if applicable.
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