Post
Topic
Board Trading Discussion
Re: Interest percentage on borrowing through Binance Margin
by
jackg
on 09/05/2022, 21:19:55 UTC


The amount of interest in BTC shown in my wallet has now gone up from 0.00007057 to 0.00009097...

See here... https://postimg.cc/v1DdCgsj

0.00009097 BTC is roughly $3 (just under)... is this the total interest I owe or do I have to multiply this by the number of hours I've been in the trade? I've been in the trade for around 5 days now so if it's an hourly rate it's gonna cost me a bloody fortune!

No it's the total interest you owe up until now. So it'll have cost $3 for the last 5 days.