Why is my P&L showing an incorrect number?
Our advanced trading system settles risks and unrealized gains every day at 4:00 PM UTC+8, during daily clearing the gains and losses accumulated during the day will be swapped into realized gains and become available balances, the next day’s PnL is calculated based on the settlement price. Since the settlement price is used to swap unrealized gains into realized gains.

 

Why does BVIX look jumpy?
BVIX indexed from option prices from Deribit and Deribit Only, Bitcoin options market is a very illiquid market and option prices can sometimes be hard to price, be cautious when using high leverage. However, our settlement processes will be based on a smoothed index and uses the right settlement Option prices. The final value for the future contracts will not be impacted.

 

Why can’t I see my realized gains after I cleared all my positions?
When one clears out of positions, all realized gains are swapped into available balances.  You can see how much you earned or lost within available balances. Our Dev is working hard on providing our users with more friendly and clear information.

 

How is P/L calculated?

For the based contract, the computation of realized P/L is:
Long positions:Realized P/L = (1/ Open price - 1 / Close price) * Number of Contracts Closed * Contract Multiplier
Short positions:Realized P/L = (1 / Close price - 1/ Open price) * Number of Contracts Closed * Contract Multiplier
For example:
a user holds 100 conts of BTC seasonal long contract (cont value is 100 USD), open price is 5000 USD/BTC. if the close price is 4000 USD/BTC, the realized profit and loss of these long position is (1/5000 - 1/4000) *100*100 = -0.5BTC

For quoted contract, the computation of realized P/L is:
Long positions:Realized P/L = (Close price - Open price) * Number of Contracts Closed*Contract multiplier
Short positions:Realized P/L = (Open price - Close price) * Number of Contracts Closed* Contract multiplier
For example:
A user holds 100 conts of BNB seasonal long contract (cont value is 1BNB), open price is 30 BNB/USD. if the close price is 40 BNB/USD, the realized profit and loss of these long position is (40 -30) *100 = 1000.