Profit share fee - Fee is based on the total amount (own funds + borrowed amount), and only charged on profitable MultiHodls.

The formula for Long MultiHodls:

  • Profit Share Fee amount = (total amount * initial price * profit share fee% / 2) + (total amount * closing price * profit share fee% / 2)

The formula for Short MultiHodls:

  • Profit Share Fee amount = (total amount / initial price * profit share fee% / 2) + (total amount / closing price * profit share fee% / 2)

Note:

  • for Long MultiHodls Total amount is measured in Base Ticker (such as BTC in BTC/USDT pair);

  • for Short MultiHodls Total amount is measured in Quote Ticker (such as USDT in BTC/USDT pair).

Example for Long MultiHodl:

  • Pair: BTC/USDT

  • Initial price: 58000

  • Closing (or current) price: 59000

  • Own amount: 0.01 BTC

  • Leverage: x 5

  • Borrowed amount: 0.04 BTC or 2320 USDT (0.04 * current rate 58000)

  • Total amount: 0.05 BTC (Own amount + borrowed amount)

  • Profit Share Fee = 0.0045 (0.45%)

Profit Share Fee amount calculation:

([total amount 0.05 BTC] * [initial price 58000] * [profit share fee 0.0045] / 2) + ([total amount 0.05 BTC] * [closing price 59000] * [profit share fee 0.0045] / 2) = 13.16 USDT

Profit Share Fee amount = 13.16 USDT

Example for Short MultiHodl:

  • Pair: BTC/USDT

  • Initial price: 58000

  • Closing (or current) price: 59000

  • Own amount: 0.01 BTC

  • Leverage: x 5

  • Borrowed amount: 0.04 BTC

  • Total amount: 0.05 BTC (Own amount + borrowed amount)

  • Profit Share Fee = 0.0045 (0.45%)

Profit Share Fee amount calculation:

([total amount 0.05 BTC] / [initial price 58000] * [profit share fee 0.0045] / 2) + ([total amount 0.05 BTC] / [closing price 59000] * [profit share fee 0.0045] / 2) = 0.000223 BTC

Profit Share Fee amount = 0.000223 BTC

Please be advised:

  • Multi HODL Profit share fee applies for deals opened after 07/04/2021:

  • You pay the fee only for profitable deals, and the Profit share fee cannot be higher than the actual profit.

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