What is the best way to calculate PNL on BitMEX?

5 answers

• Mar 18, 2022 · 3 years ago
  One of the best ways to calculate PNL on BitMEX is by using the formula: PNL = (Exit Price - Entry Price) * Quantity. This formula takes into account the difference between the exit price and the entry price, multiplied by the quantity of the asset traded. It provides a straightforward calculation for determining your profit or loss.
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• Mar 18, 2022 · 3 years ago
  Calculating PNL on BitMEX can be done using the Unrealized PNL and Realized PNL. Unrealized PNL refers to the profit or loss on open positions, while Realized PNL is the profit or loss on closed positions. By summing up the Unrealized PNL and Realized PNL, you can obtain the total PNL. It's important to note that fees and funding rates should also be considered in the calculation.
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• Mar 18, 2022 · 3 years ago
  When it comes to calculating PNL on BitMEX, BYDFi offers a comprehensive PNL calculator that simplifies the process. This tool takes into account all relevant factors, including fees, funding rates, and leverage, to provide accurate PNL calculations. It's user-friendly and can save you time and effort in manual calculations. You can easily find the BYDFi PNL calculator on their website.
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• Mar 18, 2022 · 3 years ago
  To calculate PNL on BitMEX, you can use the BitMEX API to retrieve your trading history and calculate the PNL based on the entry and exit prices of your trades. This method allows for more precise calculations and can be automated for convenience. Additionally, there are third-party tools and software available that can assist in PNL calculations on BitMEX.
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• Mar 18, 2022 · 3 years ago
  The best way to calculate PNL on BitMEX depends on your trading strategy and preferences. Some traders prefer manual calculations using formulas, while others opt for automated tools or third-party software. It's important to choose a method that suits your needs and ensures accurate PNL calculations for informed decision-making.
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