Binance Futures is a cryptocurrency futures trading platform launched by Binance in September 2019. The platform offers a wide range of futures contracts with leverage up to 125x.
Binance Futures uses the same engine as Binance Spot and is fully integrated with the Binance ecosystem.
Binance Futures uses a Mark Price mechanism to calculate settlements, which is different from most other exchanges that use Last Price. The Mark Price is the average price of a contract during the settlement period and is used to determine whether a trader has made a profit or loss on their position.
When a position is closed, the profit or loss is calculated using the following formula:
Profit/Loss = (Exit Price – Entry Price) x Leverage x Contract Value
The Exit Price is the price at which the position is sold and the Entry Price is the price at which the position was bought. The Leverage is the amount of leverage used on the trade and the Contract Value is the value of each contract.
NOTE: Warning: Binance Futures Profits are highly complicated and should not be attempted without a thorough understanding of the market and the associated risks. Trading on Binance Futures can be extremely profitable, however it is also highly risky and losses can quickly exceed profits if proper risk management is not employed. It is important to do your own research and make sure you understand how futures profits are calculated before trading.
For example, let’s say you buy 1 contract of BTC/USDT at 10,000 with 100x leverage and sell it at 10,500. Your profit would be:
Profit/Loss = (10,500 – 10,000) x 100 x 1 = 500 USDT
If you had used 50x leverage then your profit would have been:
Profit/Loss = (10,500 – 10,000) x 50 x 1 = 250 USDT
Similarly, if you had used 125x leverage then your profit would have been:
Profit/Loss = (10,500 – 10,000) x 125 x 1 = 625 USDT.
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When trading futures on Binance, you can choose to either go long or short on a given asset. If you believe the price of the asset will rise, you would go long, and if you believe the price will fall, you would go short. Your profit or loss is calculated using the following formula:
Profit/Loss = (Exit Price – Entry Price) * Position Size
If you are long on an asset, your profit is calculated by subtracting your entry price from the exit price, and then multiplying that by your position size.
When it comes to futures trading, one of the most important things to know is how to calculate your profits. Otherwise, you could end up making some serious mistakes that could cost you a lot of money. Thankfully, calculating your profits on Binance Futures is actually quite simple.
Binance is a cryptocurrency exchange platform that allows for the trading of digital assets. Binance is one of the most popular exchanges in the world and is frequently used by traders to buy and sell cryptocurrencies. Binance is a centralised exchange, meaning that it is not decentralised like many other exchanges.
Binance is a cryptocurrency exchange with a wide range of coins available for trading. One of the most popular coins traded on Binance is Bitcoin. Binance also supports other major coins such as Ethereum, Litecoin, and Ripple.
As one of the most popular cryptocurrency exchanges, Binance is often a go-to platform for investors and traders alike. However, with so many different features and options, it can be difficult to keep track of your progress and profits. In this article, we will explore some of the different ways you can track your Binance profits.
