How are BitMEX fees calculated?

The BitMEX platform operates a standard trading fee structure across all products for simplicity. Our Maker Rebate is 0.01%, and our Taker Fee is 0.05%.

How are funding rates calculated?

1. What is Funding Rate? Funding rates are periodic payments made to either long or short traders, calculated based on the difference between the perpetual contract prices and spot prices. When the market is bullish, the funding rate is positive and tends to rise over time.

How does BitMEX make money?

“BitMEX has raked in huge profits by offering futures contracts on many large-cap cryptocurrencies like Bitcoin and EOS, even giving the option to trade with up to 100 percent leverage. They helped widen the possibility of making money on Bitcoin without actually owning Bitcoin.

What is PnL in BitMEX?

Profit/Loss Guide. This guide is meant to explain the concepts of unrealised and realised profit and loss (PNL).

What is Mark price BitMEX?

BitMEX employs a unique system called Fair Price Marking to avoid unnecessary liquidations in its highly leveraged products. Without this system, unnecessary liquidations may occur if the market is being manipulated, is illiquid, or the Mark Price swings unnecessarily relative to its Index Price.

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Who pays funding rate?

The funding rate is a small fee paid by one side of the contract to the other (e.g. Longs pay Shorts or vice versa). It’s purpose is to encourage the price of the perpetual futures contract to stay near the underlying spot index price.

Is funding rate an interest rate?

How Does the Federal Funds Rate Work? The federal funds rate is the interest rate that banks charge each other to borrow or lend excess reserves overnight.

How is PnL leverage calculated?

PnL Calculations

  1. PnL = Open Value – Close Value = [(Contract Quantity x Contract Size)/Open Price] – [(Contract Quantity x Contract Size)/Close Price]
  2. [(1000 x 1)/6000] – [(1000 x 1)/7000] = 0.0238 BTC.

Is BitMEX a good company?

The exchange’s lack of regulatory compliance and its founders’ criminal charges in the U.S., however, may deter potential users. BitMEX is a highly professional crypto derivatives exchange with deep liquidity. A lack of regulatory licenses may deter potential customers.

How do you earn interest on BitMEX?

How to Earn Interest on Bitcoin with BitMEX EARN

  1. Register for a BitMEX account (and complete KYC), or sign in.
  2. Start depositing XBT into your wallet. You can buy XBT here.
  3. Go to www.bitmex.com/how-to-earn and select the EARN product that best fits your preferences.
  4. Confirm your crypto deposit amount and start EARNing.

What is P&L?

The term profit and loss (P&L) statement refers to a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a quarter or fiscal year.

What’s unrealized P&L?

Unrealized P&L (Profit and Loss) is the current profit or loss on an open position. The unrealized P&L is a reflection of what profit or loss could be realized if the position were closed at that time. The P&L does not become realized until the position is closed.

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What goes into a P&L?

A P&L statement shows a company’s revenue minus expenses for running the business, such as rent, cost of goods, freight, and payroll. Each entry on a P&L statement provides insight into the cash flow of the company and shows where money is coming from and how it is used.

What is the difference between Mark and last?

What Are the Last Price and Mark Price? The Last price is the latest transaction price of the contract. In the traditional Futures market, the last price is used to mark positions. However, price manipulation and lack of liquidity can cause abnormal price fluctuations.

What is the difference between Mark price and last price?

Ask < Last – the mark price is equal to the ASK price. Bid > Last – the mark price is equal to the BID price. The midpoint between the current bid and ask.

How does leverage work on BitMEX?

When you leverage trade, you can access increased buying power and may open positions that are much larger than your actual account balance. For example, if you have an account balance of 5 BTC and you want to place a trade with leverage of 10:1, you can open a position worth 50 BTC.