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.