Product details
Bitget One-Click Copy Trade: PnL differences between position page and copy trading page
Bitget
2023-02-20 08:01
Global Bitgetters,
If your initiated
copy trades and futures trades PL seem different, please go through the steps here to understand why it happens.
In short,
copy trading separates your positions depending on the time you open them, futures will combine your positions and give an average opening price.
Users who may get affected: Global Bitget Users
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Futures Positions
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Copy Trading Positions
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Time 1
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Open Position
Opening Price: 1000 USDT Quantity: 1 BTC
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Open Position
Opening Price: 1000 USDT Quantity: 1 BTC
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Time 2
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Open Position
Opening Price: 2000 USDT Quantity: 1 BTC
Combines the 2 positions Formula: (1000+2000) / 2
Average price: 1500 USDT Quantity: 2 BTC
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Open Position
Opening Price: 2000 USDT Quantity: 1 BTC
Positions are separate
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Time 3
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Partial Close
Closing Price: 2000 USDT Quantity: 1 BTC
PL: (2000-1500)*1 = 500 USDT
*Note: Traders cannot close on the futures page, can only close on the copy trading page.
Balance Position: 1500 USDT Quantity: 1 BTC
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Partial Close
Closing Price: 2000USDT Quantity: 1BTC
The trader needs to select one of the orders to close on the copy trading page.
If the trader closes order no.1 PL: (2000-1000)*1 = 1000 USDT
If the trader closes order no.2 PL: (2000-2000)*1 = 0 USDT
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Time 4
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After Closing Successfully
On the futures page, it will display:
Average Position Price: 1500 USDT Quantity: 1 BTC
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After Closing Successfully (Assuming closed order 1, left order 2)
On the copy trading page, it will display 1 order:
Average Opening Price: 2000 USDT Quantity: 1 BTC
*Note: At this time, the copy trading order shows a profit of 1 transaction, and the profit is 1000 USDT.
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Time 5
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Open Position
Opening Price: 2500 USDT Quantity: 1 BTC
Combines the 2 positions Formula: (1500+2500) / 2
Average Price: 2000USDT Quantity: 2BTC
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Open Position
Opening Price: 2500 USDT Quantity: 1 BTC
Positions are separate
Summarised：1 Position Formula: (2000+2500) / 2
Average Price: 2250 USDT Quantity: 2 BTC
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Time 6
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Close Positions
Closing Price: 2000 USDT Quantity: 2 BTC
PL: (2000-2000) * 2 = 0 USDT
*Note: Traders cannot close on the futures page, can only close on the copy trading page.
Balance: 0 Positions
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Close Positions
Closing Price: 2000 USDT Quantity: 2 BTC
Now the trader needs to close both positions
Order 1 PL: (2000-2500) * 1 = -500 USDT
Order 2 PL: (2000-2000) * 1 = 0 USDT
*Note: There's 1 winning trade and one losing trade
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Total PL
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Total Profits: 500+0 = 500 USDT
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Total Profits: 1000-500 = 500 USDT
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