Hi Guys can anyone explain this question for me I would really appreciate your answers feed back please.
I made a trade(limit order buy) on an Exchange and now have a 10,000$ long open position on BTC/USD with 5x leverage.
If I close my position at the same price level with a market order after 74 hours, can you tell me the total fees the position would have cost me with all the calculations? assuming Trading fees apply when opening *and* closing a position, on top of rollover fees
HELP PLEASE
In spot trading this could have been easily answered, as there is a fixed percentage used by all the exchanges for this purpose and you can multiply the same with your position size but here the scenario is different, 1st of all maker fees and taker fees in these markets is different, if you are a market maker you get a big concession on the fees than being a taker. Second variable here is the funding fees of the market, it depends upon the volume in the Market and accordingly I doubt there could be any definite answer to this.