how much are the fee there? and never heard of that exchange they could be scammers
- Trade Open Fee: 0.45 % (of Position Size)
- Trade Close Fee: 0.45 % (of Position Size)
- Daily Funding Fee: 0.30 % (of Position Size)
How long did you have the position open?
For a trade of 10 BTC, the open fee is .045 BTC, the close fee is 0.045 BTC and the daily fee is 0.03 BTC.
If you bought 10 btc at $325 and sold it at $360, then your profit before fees is $350 or 0.972 BTC. If you held the position for 26 days, then total daily fee would be 0.78 BTC. Subtract the 0.09 BTC opening and closing fees and your profit is 0.102 BTC
I only had the position open for one day so I'm still confused as to why my profit was so little. Look at my trade below.