How to calculate ProBit Global contract income

How to Calculate ProBit Global Contract Income

ProBit Global is a cryptocurrency exchange that offers a variety of services, including spot trading, margin trading, and futures trading. Futures trading is a type of derivative contract that allows traders to speculate on the future price of an asset.

To calculate your contract income on ProBit Global, you will need to use the following formula:

Contract Income = (Closing Price - Opening Price) Contract Size LeverageStep 1: Determine the Contract Size

The contract size is the number of units of the underlying asset that each contract represents. For example, a BTC/USD futures contract on ProBit Global represents 1 BTC.

Step 2: Determine the Leverage

Leverage is a multiplier that allows you to trade with more capital than you have available in your account. For example, if you have a leverage of 10, you can trade with 10 times your account balance.

Step 3: Determine the Opening Price

The opening price is the price of the underlying asset at the time you enter the contract.

Step 4: Determine the Closing Price

The closing price is the price of the underlying asset at the time you exit the contract.

Step 5: Calculate the Contract Income

Once you have determined the contract size, leverage, opening price, and closing price, you can calculate your contract income using the formula above.

Example

Let's say you enter a BTC/USD futures contract on ProBit Global with the following parameters:

• Contract size: 1 BTC
• Leverage: 10
• Opening price: $10,000
• Closing price: $11,000

Using the formula above, your contract income would be:

Contract Income = (11,000 - 10,000) * 1 * 10 = $1,000

Factors to Consider

When calculating your contract income on ProBit Global, there are a few factors to keep in mind:

• Trading fees: ProBit Global charges a trading fee for each contract you enter. These fees are typically very small, but they can eat into your profits if you are trading frequently.
• Mark price: The mark price is the theoretical price of the underlying asset at the time you enter the contract. This price is used to calculate the maintenance margin requirements for your position.
• Liquidation price: The liquidation price is the price at which your position will be liquidated if you do not maintain sufficient margin.

Conclusion

Calculating your contract income on ProBit Global is a relatively simple process. By following the steps outlined above, you can easily determine how much you have made or lost on your futures trades.