In Astral, floating profit/loss refers to the profit or loss generated by open positions due to changes in the current market value. The floating profit/loss calculation formula helps traders assess the profitability of their positions. The specific calculation formula is as follows:
Profit =（Close price - Open price）* Trading lots * Contract size * Direction * Convert rate
Where:
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Close price refers to the final trading price of cryptocurrency.
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Open price refers to the initial trading price of cryptocurrency.
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Trading lots refers to the quantity unit of the trade.
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Contract size refers to the value of each contract.
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Direction indicates the direction of the trade, either buy or sell.
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Convert rate is the exchange rate used to convert the currency value into the base currency used by the exchange.
The above formula is applicable for calculating the floating profit/loss of a single open position.
The floating profit/loss of the account is calculated as the sum of the floating profit/loss of all open positions.
Additionally, exchanges may have different fee structures and calculation methods, such as trading fees and holding costs, which can impact the final profit/loss results. Therefore, when calculating floating profit/loss, it is important to consider the specific fee structure of the exchange and other relevant factors.
Understanding and calculating floating profit/loss is an essential tool for traders to monitor and evaluate the risks and returns of cryptocurrency trading. However, investment decisions should take into account multiple factors, and it is advisable to seek professional financial and investment advice before engaging in trading or investing.