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Author Topic: Completely confused by Bitmex’s interface  (Read 895 times)

Offline ambar33n

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Completely confused by Bitmex’s interface
« on: July 10, 2018, 06:17:42 PM »
I think I’ve made a mistake. Luckily, I only funded my account with a small amount to guard against this, but I’d like to figure out what’s going on.
I’m holding bitcoin. Noticing that the futures price was much lower than the spot price, I bought September XBT futures intending to hold until resolution and make a small profit compared to just holding bitcoin.
I bought using cross margin, and accidentally used 0.5x leverage instead of 1. I bought at 6020 and the price is now 5980. However, the “unrealized PNl” says -56%. Did I lose 60% of my investment? How?

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Completely confused by Bitmex’s interface
« on: July 10, 2018, 06:17:42 PM »

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Offline Kiran Sehzadi

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Re: Completely confused by Bitmex’s interface
« Reply #1 on: July 14, 2018, 11:02:29 AM »
when you use cross margin the pnl % always goes to extremes as if you had used high leverage


 

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