Bitcoin : How the profit on Bitmex long contract is calculated
For example, if you have long position with leverage 1 and the price doubles your ROI will not be 100% as you may expect, but 50%.
* If the price increase 10% you will get ROI 9.09%.
* If the price increase 100% (price dobule) you will get ROI 50%.
* If the price increase 200% (price tripple) you will get ROI 66.67%.
* If the price increase 300% (price x4) you will get ROI 75.00%.
Also: there will be liquidation when the price drop below 49.8% the opening price.
Which platform should I use in order to get the proportional percentages (linear relation between price change and ROI)?
I know about Evolve Markets, but their swap is 0.20% per day. It’s too much. It’s 73% per 365 days.
Where the swap rate is something reasonable? Like 2-5% per year?
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: tedjonesweb
Don’t forget to share the post if you love it !