Dear Bitget users:
The following text is about Trader’s Profit Sharing
Bitget traders can directly get 8% of the follower's profit as a profit share.
Profit settlement is settled everyday.
1. Settlement method:
1) When trader closes position, if the follower gains profit and meets the profit sharing requirement, the system will pre-deduct the profit from the follower account, and then settle at 0 o’clock on the next day to calculate the actual total profit of the follower's copy of the day , This actual total profit is the actual profit for traders.
2） If the actual dividend payable is lower than the pre-deducted dividend from the follower account, the excess dividend will be returned to the follower account, and the remaining part will be settled to the trader.
3) If the trader initiates coin-margined contract, the corresponding currency will be issued during the profit sharing settlement, and the profit sharing will be converted into USDT according to the exchange rate at the time of issuance.
2. Profit sharing requirements:
1） The follower and the trader are no longer associated with the position (that is, all following orders of the user that day have been closed), the profit will be shared on the next day.
2） If the user has a following order which has not been closed, the profit will not be divided until the no position is related, the profit will be summarized on the next day.
3. Profit sharing account:
The contract account for which the trader gets a share is the same as the contract that the trader chooses to initiate orders.
For example, if the trader's initiated contract is BTC/USDT, then the trader's corresponding BTC/USDT contract account will receive a profit share the next day. If the trader's initiated contract is ETH/USDT, then the trader's corresponding ETH/USDT contract account will get a share on the next day.
details as follows:
The expected profit to be distributed includes: the 8% part of the profit that needs to be shared when the position is closed yesterday and the profitable order and the 8% of the profit that needs to be shared when the position is closed today
If the profit from the closing order is positive, the profit is expected to increase today; if the profit from the closing order is negative, the profit is expected to decrease today.
For example:
User A/B/C/D follows Trader M to open positions, contracts include: BTC/USDT, ETH/USDT, BCH/USD
Scenario 1: User A follows Trader M to open BCH/USD positions and gains 0.1 BCH. User A closes all positions before the settlement point.
If 0.1BCH*8%=0.008BCH is deducted in advance, A will distribute 0.008BCH to the trader during settlement.
Scenario 1: User A closes all positions before settlement.
Pre-deduct the profit of 100 * 8% = 8USDT, and record the return of the profit of 40 * 8% = 3.2USDT; at the next day of settlement, the profit will be paid to trader M 4.8USDT, and 3.2USDT to user A.
Scenario 2: User B follows Trader M to open three contracts: BTC/USDT, ETH/USDT, and BCH/USD, BTC/USDT gains 30USDT, ETH/USDT gains 20USDT, BCH/USD loses 0.1BCH, before the settlement point user B has closed its position.
It is estimated that 30USDT*8%+20USDT*8%-0.1BCH*8% will be deducted. If the BCH exchange rate is 300USDT when the dividend is issued, the trader will share 1.6USDT at the next day of settlement.
Scenario 3: User C follows Trader M to open three contracts of BTC/USDT, ETH/USDT and BCH/USD, BTC/USDT gains 30USDT, ETH/USDT gains 20USDT, BCH/USD loses 0.1BCH, and before the settlement point user B closes the profit order and the loss order is not closed.
It is estimated that 30USDT*8%+20USDT*8%-0.1BCH*8% will be deducted, and no profit will be distributed to the trader at the next day of settlement
If user C closes the loss order on the 3rd day, and the BCH exchange rate is 280USDT when the profit is distributed, the trader will be given a profit of 1.76USDT at the settlement on the 4th day
Scenario 4: User D follows Trader M to open three contracts of BTC/USDT, ETH/USDT, and BCH/USD. User D has not closed profit and loss orders before the settlement point.
It will not be deducted in advance.
Note: Adjustment has beend made to Profit sharing on May 24
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