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Close On TriggerBybit kazakhstan's Take Profit/Stop Loss (TP/SL) function available in Perpetual and Futures Contract trading has a Close On Trigger mechanism embedded. It offers users the ability to manage posit...
Introduction to Take Profit and Stop Loss (Perpetual and Futures Contracts)Bybit kazakhstan-тің жаңартылған Тейк Профит/Стоп-Лосс (TP/SL) функциясы TP/SL тапсырыстарын бір уақытта қою арқылы тәуек...
Understanding the Difference Between Taker Orders and Maker OrdersBybit kazakhstan-те барлық трейдинг өнімдеріне қатысты ақы құрылымы туралы толық шолу үшін мұндақараңыз. Трейдин...
Troubleshooting: Unable to Receive Email Verification CodeBybit kazakhstan электрондық пошта мекенжайларын ақ тізімге қосыңыз. Электрондық пошта мекенжайларының тізімін алу...
Introduction to VIP Trial CardBybit provides VIP Trial Cards for potential VIP users. With a VIP Trial Card, you can first experience the multiple benefits brought by the VIP 1 level before meeting the requirements to become a VIP...
Бірыңғай сауда аккаунтындағы кепіл құнының коэффициенттерін түсіну Bybit Market Overview. Click on Lending and Borrowings → Margin Trading-UTA → Margin Specification and you can see the collateral value ratio for each coin. Note: Bybit will review and upda...
How to Register for a Testnet Account and Request for Test CoinsBybit kazakhstan Testnet Bybit kazakhstan негізгі желісіндегі өнімдер мен қызметтердің 100% көшірмесімен Bybit kazakhstan трейдерлеріне...
Споттағы маржа саудасы: Комиссиялардың түсіндірмесіBybit споттық комиссияларының түсіндірмесіПайызМаржа саудасында орын алатын пайыз сағат сайын пайда болады. С...
Бірнеше аккаунтқа бір уақытта кіру әдісіBybit Kazakhstan веб-сайтында қолжетімді екенін ескеріңіз. Компьютеріңізде бір уақытта бірнеше аккаунтқа кіру үші...
P&L Calculations (Options)For traders, it’s important to know how to calculate profit and loss before placing an order. Here’s a guide to help you better understand the relationship between different variables and profit & loss calculations.Average Entry Price Unrealized P&LROIClosed P&LDelivery P&LRealized P&L Average Entry PriceWhen traders place new orders for the existing Options contract, the entry price will change accordingly. FormulaPosition Average Price = [(Last Position Quantity × Last Position Average Price) + (Traded Quantity × Traded Price)/(Last Position Quantity + Traded Quantity)] ExampleAnn holds a 0.1 BTC BTC-31DEC21-48000-C, with an entry price of $3,500. She believes that the price of BTC will continue to rise in the near future. Ann decides to increase her call options, and opens a new call option of 0.1 BTC at the entry price of $4,000. Average Entry Price = [(0.1 × 3,500) + (0.1 × 4,000)/(0.1 + 0.1)] = $3,750 Unrealized P&L Unrealized P&L (UPL) is the current profit or loss of open positions. Based on the direction of your position — long or short — the formula used to calculate the unrealized profit and loss will be different. Buy OptionSell OptionDescriptionFor traders who believe that the underlying asset’s price will rise in the future, they can choose to buy call or sell put options.For traders who think that the underlying asset’s price will drop in the future, they can choose to buy put or sell call options.FormulaUPL = (Mark Price − Average Entry Price) × Position QuantityUPL = (Average Entry Price − Mark Price) × Position QuantityExampleAnn buys a 0.1 BTC BTC-31DEC21-48000-C, with an entry price of $3,500. The price of BTC rises, and when the Mark price reaches $4,500, the unrealized P&L of the option she holds is [(4,500 − 3,500) × 0.1] = 100 USDC.Bob sells a 0.3 BTC BTC-31DEC21-50000-C with an average entry price of $2,600. The price of BTC rises, and when the mark price reaches $2,800, the unrealized P&L of the option he holds is [(2,600 − 2,800) × 0.3] = −60 USDC. Note: All Options contracts are settled in USDC. ROIROI shows the percentage return on investment for each position. Buy OptionSell OptionFormula (Cross Margin Mode)（Mark Price - Average Entry Price）/ Average Entry Price（Average Entry Price - Mark Price）/ Average Entry PriceExamples under Cross Margin Mode Sally buys a 0.1 BTC BTC-23NOV23-36000-C, with an entry price of $4,700. The price of BTC rises, and when the Mark price reaches $4,900, the unrealized P&L of the option she holds is [(4,900 − 4,700) × 0.1] = 20 USDC.ROI = 20 / 4700 = 0.43%Bob sells a 0.1 BTC BTC-23NOV23-36000-P, with an entry price of $4,700. The price of BTC rises, and when the Mark price reaches $4,900, the unrealized P&L of the option she holds is [(4,700 - 4,900) × 0.1] = -20 USDC.ROI = -20 / 4700 = -0.43%Formula (Portfolio Margin Mode)The calculation of options' ROI within the portfolio margin takes into account the underlying asset as a whole.ROI = Unrealized P&L of Derivatives on Underlying Assets/Initial Margin of Underlying AssetsDelivery ROI(Delivery Cash Flow - Average Entry Price * Quantity - Fee to Open - Delivery Fee) / (Average Entry Price * Quantity)(Delivery Cash Flow + Average Entry Price * Quantity - Fee to Open - Delivery Fee) / (Average Entry Price * Quantity) Closed P&LClosed P&L is the profit and loss that occurs when the trader closes the position. FormulaClosed P&L for Buy Call/ Put = (Traded Price − Position Average Price) × Traded Quantity − Trading Fees (open and closed position) Closed P&L for Sell Call/ Put = (Position Average Price − Traded Price) × Traded Quantity − Trading Fees (open and closed position)Example Sell Call: The BTC index price is $44,900. Bob sells a 0.3 BTC BTC-31DEC21-50000-C, with an average entry price of $2,600. When the price of BTC drops to $44,000, he closes the position early at a mark price of $2,400. The Closed P&L of the option is 52 USDC, based on the following calculation: [(2,600 − 2,400) × 0.3] − 44,900 × 0.3 × 0.03% − 44,000 × 0.3 × 0.03%. Delivery P<his is generated when the Option expires. FormulaDelivered RPL for Call Option = Maximum (Delivery Price − Strike Price, 0) × Position Quantity + Premium (receive or pay) − Delivery Fee − Trading Fee (open position) Delivered RPL for Put Option = Maximum (Strike Price − Delivery Price, 0) × Position Quantity + Premium (receive or pay) − Delivery Fee − Trading Fee (open position) Example Buy Call:The BTC index price is $44,900. Ann buys a 0.1 BTC BTC-31DEC21-48000-C, with an entry price of $3,500. When the contract expires, the BTC delivery price is $52,000. It’s traded at a strike price of $48,000. The delivery P&L of the option is 47.873 USDC, based on the following calculation:Maximum (52,000 − 48,000, 0) × 0.1 − 3,500 × 0.1 − 44,900 × 0.1 × 0.03% − 52,000 × 0.1 × 0.015% Let’s revisit Ann’s case, in which the BTC index price is $44,900. Ann holds a 0.1 BTC BTC-31DEC21-48000-C, with an entry price of $3,500. The delivery P&L of the option is 400 USDC.Trading Fee = Minimum (0.03% × 44,900, 12.5% × 3,500) × 0.1 = 1.347 USDC Note: Trading fee for a single contract can never be higher than 12.5% of the option price. Let’s suppose that the estimated delivery price is $49,000 when the contract is about to expire.Delivery Fee = Minimum [(0.015% × 49,000, 12.5% × (49,000 − 48,000)] × 0.1= 0.735 USDC As an option buyer, Ann needs to pay a premium to the seller to obtain the right to the call option. Formula:Premium = Traded Quantity × Traded Price0.1 × 3,500 = 350 USDCDelivery P&L = 400 − 1.347 − 0.735 − 350 = 47.918 USDCClosed P&L and Delivery P&L are different from Unrealized P&L and Realized P&L. It’s worth noting that Delivery P&L also takes premium into account. Please refer to the following table for details: Unrealized P&L Closed P&LRealized P&LDelivery P&LPosition P&LYESYESYESTrading FeesNOYESYESDelivery FeeNONOYESPremiumNONOYES Realized P&L Realized P&L is the profit and loss that occurs when the trader closes the position early. Please note that the Realized P&L in the position zone represents the total profit and loss of the position since the position has been held. FormulaRealized P&L = Sum (Profit and loss on closed positions) − Trading Fees (open and closed positions)Example Let's see how the Realized P&L displayed in the position zone changes in different scenarios.Scenario 1: Bob buys 0.4 BTC BTC-31DEC21-50000-C when the Option mark price is $2,400 and the BTC index price is $44,000. Trading Fee (open position) = 44,000 × 0.4 × 0.03% = 5.28 USDC In this case, the Realized P&L of Bob's position is −5.28 USDC.Scenario 2: The BTC index price rises to $44,900. Bob sells a 0.3 BTC BTC-31DEC21-50000-C, with an average entry price of $2,400. He closes the position at a mark price of $2,600. Realized P&L (before) = - 5.28 USDCTrading Fee (closed position) = 44,900 × 0.3 × 0.03% = 4.041 USDCRealized P&L = [(2,600 − 2,400) × 0.3] − 44,900 × 0.3 × 0.03% - 5.28 = 50.68 USDCScenario 3: Now Bob only holds 0.1 BTC BTC-31DEC21-50000-C. Then, when the BTC index price is $45,000, he buys 0.2 BTC BTC-31DEC21-50000-C at $2,500. Realized P&L (before) = 50.68 USDCTrading Fee (open position) = 45,000 × 0.2 × 0.03% = 2.7 USDCRealized P&L (before) = 50.68 − 2.7 = 47.98 USDC For more detailed information about option fees, please refer to Bybit Option Fees Explained....