How to calculate ProBit Global’s margin handling fee?

To calculate ProBit Global's margin handling fee, determine the margin loan amount, identify the fee rate based on the traded cryptocurrency and loan term, calculate the loan duration, and apply the formula: Margin Handling Fee = (Margin Loan Amount * Margin Handling Fee Rate) * Number of Days.

Nov 24, 2024 at 01:32 pm

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.