How to calculate ProBit Global’s margin handling fee?

How to Calculate ProBit Global's Margin Handling Fee?

ProBit Global is a cryptocurrency exchange that offers margin trading, which allows users to borrow funds to increase their trading profits. The margin handling fee is a fee charged by ProBit Global for providing this service. It is calculated based on the following formula:

Margin Handling Fee = (Margin Loan Amount * Margin Handling Fee Rate) * Number of Days

Steps to Calculate Margin Handling Fee:

1. Determine the Margin Loan Amount:
   • This is the amount of funds you borrow from ProBit Global to trade on margin.
2. Identify the Margin Handling Fee Rate:

   • This rate varies depending on the cryptocurrency you are trading and the loan term. The rates are as follows:

     • BTC: 0.03% per day
     • ETH: 0.02% per day
     • USDT: 0.01% per day
3. Calculate the Number of Days:
   • This is the number of days that you hold the margin loan.
4. Plug the Values into the Formula:
   • Once you have all the necessary information, you can plug it into the formula to calculate the margin handling fee.

Example Calculation:

Let's say you borrow 10 BTC from ProBit Global on a 7-day loan term. The margin handling fee rate for BTC is 0.03% per day.

Margin Handling Fee = (10 BTC * 0.03% per day) * 7 days = 0.021 BTC

Additional Points to Consider:

• The margin handling fee is charged daily.
• The fee is calculated based on the outstanding margin loan amount.
• The fee is deducted from your trading account.
• You can view your margin handling fees in the "My Orders" section of your ProBit Global account.