Copy Trading: Trader Profit Sharing Rules

Profit sharing rules:

1. The system calculates the net profit or loss of the copy trading users daily and offsets the profit and loss amounts within the settlement period. 10% of the daily earned profit is deducted in advance. On the settlement day, if the actual profit-sharing amount is lower than the deducted profit from the copy trading user's orders, the excess amount will be refunded to the copy trading user's copy trading account, and the profit-sharing amount will be credited to the trader's copy trading account.
2. The system deducts the profit-sharing amount only when copy trading orders are closed and settled from the realized profits.
3. The settlement period for BloFin's copy trading system is 7 days, and the profit and loss calculation is done from Monday 0:00 to the following Sunday 23:59:59 (UTC). 10% of the total net profit will be distributed to the trader's copy trading account at 3 AM (UTC) every Monday.

Settlement:

Settlement Time: Every Monday at 3 AM (UTC)
Profit Calculation Period: From 00:00 on Monday to 23:59:59 on Sunday (UTC)
Settlement Method: 10% of the total net profit will be distributed to the trader's copy trading account at 3 AM (UTC) every Monday.

Calculation formula:

Net Profit and Loss = Position Profit or Loss - Opening Fee - Closing Fee
Position Profit: +50 USDT
Opening Fee: 5 USDT
Closing Fee: 10 USDT
Net Profit and Loss: 50 - 5 - 10 = 35 USDT

Example:

Master trader Bob initiates multiple copy trading orders involving BTCUSDT, ETHUSDT, DOGEUSDT, and XRPUSDT. Copier Ann follows Bob's orders in the following way. Next, we will explain in detail how Ann's position status affects the profit-sharing amount for Trader Bob. Let's assume that the subordinate position's profit and loss is the net profit and loss after deducting the relevant fees.