How can I calculate the profit in futures trading on Binance?

3 answers

• Bingum de AlwisAug 04, 2020 · 5 years ago
  Sure, calculating the profit in futures trading on Binance involves a simple formula. You need to subtract the entry price from the exit price and multiply the result by the contract size. This will give you the profit or loss in terms of the quote currency. Keep in mind that you also need to consider any fees or commissions involved in the trade.
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• Everton ViníciusMar 14, 2023 · 2 years ago
  Calculating profit in futures trading on Binance is easy peasy! Just take the exit price minus the entry price, multiply it by the contract size, and voila! You've got your profit or loss. Don't forget to factor in any fees or commissions though, they can eat into your gains.
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• Elina AlbaresJan 17, 2023 · 3 years ago
  When it comes to calculating profit in futures trading on Binance, it's important to remember that it's not just about the entry and exit prices. You also need to consider the leverage, funding rates, and any fees involved. If you're looking for a more detailed explanation, you can check out the resources provided by BYDFi, they have some great guides on futures trading.
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