-
Bitcoin
$98,623.41
0.06% -
Ethereum
$3,366.91
0.57% -
Tether USDt
$1.00
0.01% -
Solana
$258.72
0.46% -
BNB
$666.48
5.80% -
XRP
$1.53
9.02% -
Dogecoin
$0.4727
21.90% -
USDC
$0.9999
0.01% -
Cardano
$1.07
24.90% -
TRON
$0.2138
7.59% -
Avalanche
$42.27
15.93% -
Shiba Inu
$0.0...02739
11.02% -
Toncoin
$5.67
3.47% -
Stellar
$0.4311
51.84% -
Polkadot
$7.58
25.09% -
Chainlink
$16.85
10.63% -
Bitcoin Cash
$532.05
8.87% -
Sui
$3.60
1.59% -
Pepe
$0.0...02204
5.46% -
UNUS SED LEO
$8.57
-1.67% -
Litecoin
$101.85
12.62% -
NEAR Protocol
$6.20
9.77% -
Aptos
$12.58
6.09% -
Uniswap
$10.49
10.93% -
Hedera
$0.1471
7.70% -
Dai
$1.00
0.03% -
Internet Computer
$11.00
13.72% -
Cronos
$0.1910
-1.19% -
Ethereum Classic
$29.42
4.79% -
POL (ex-MATIC)
$0.5423
17.77%
How much is the BingX leverage interest rate?
BingX's leverage interest rates range from 0% for leverage levels below 5x to 0.01% for leverage levels between 80x and 100x, and are calculated based on the principal borrowed, interest rate, and duration of the position.
Nov 23, 2024 at 01:34 pm
How much is the BingX leverage interest rate?
Understanding Leverage Interest Rates
Leverage allows traders to amplify their gains by borrowing funds to increase their position size. However, this borrowed capital comes with an associated interest rate. The leverage interest rate is the cost of using borrowed funds to trade on margin.
BingX Leverage Interest Rates
BingX offers flexible leverage options ranging from 1x to 100x for various trading pairs. The leverage interest rate varies depending on the leverage level and the duration of the position.
Calculating Leverage Interest Rates
To calculate the leverage interest rate, we use the following formula:
Interest = (Principal * Interest Rate * Time) / 365Where:
- Principal = Amount borrowed (calculated as notional value / leverage)
- Interest Rate = Annual percentage interest rate
- Time = Duration of the position (in days)
Interest Rates for Different Leverage Levels
Below is a table outlining the leverage interest rates for different leverage levels on BingX:
| Leverage Level | Annualized Interest Rate | Daily Interest Rate |
|---|---|---|
| 1x to 5x | 0% | 0% |
| 10x to 20x | 0.003% | 0.0000822% |
| 30x to 50x | 0.005% | 0.000137% |
| 60x to 75x | 0.007% | 0.000192% |
| 80x to 100x | 0.01% | 0.000274% |
Factors Affecting Leverage Interest Rates
- Market Conditions: High volatility or uncertainty can lead to higher leverage interest rates.
- Margin Utilization: Borrowing a large portion of available margin may result in higher interest rates.
- Position Duration: Longer positions typically incur higher interest charges.
Example:
Let's assume you trade a Bitcoin contract with a notional value of $10,000 using 10x leverage. The duration of your position is 5 days.
- Principal = $10,000 / 10 = $1,000
- Interest Rate = 0.003% / 365 = 0.00000822% (daily)
- Time = 5 days
Interest = ($1,000 * 0.00000822% * 5) / 365 = $0.011
Additional Factors to Consider:
- BingX offers a minimum interest charge of 0.0005 BTC.
- Interest charges are calculated every 8 hours and deducted from the margin account.
- Overnight positions held after 12:00 AM UTC incur an additional 10% interest.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
After BTCs new ATH, altcoin season is heating up – and these new presales are ready to ride the bull wave
- 2024-11-23 18:25:02
-
Gas Station: Simplifying Token Swaps with Gas-Included Transactions
- 2024-11-23 18:25:02
-
Bitcoin’s New ATH Sparks Influx Of Capital Into Altcoin Market – Meme Coin ICOs Leading The Pack
- 2024-11-23 18:25:02
-
Naira Appreciates Further Against US Dollar in NAFEX Market by 0.36% to N1,652.62/$1
- 2024-11-23 18:15:01
-
Catzilla Coin: The Meme Coin Revolution Investors Can't Ignore
- 2024-11-23 18:15:01
-
Dogecoin (DOGE) Price Pump Continues, Trader Maps DOGE’s Path to $0.82
- 2024-11-23 18:15:01
Related knowledge
How to use margin trading on BitMart
Nov 23,2024 at 06:10pm
How to Use Margin Trading on BitMartMargin trading is a powerful tool that can help you increase your profits from cryptocurrency trading. However, it is also a risky strategy, so it is important to understand how it works before you start using it.In this article, we will provide a step-by-step guide on how to use margin trading on BitMart.1. Open a Ma...
How to close LBank leverage position
Nov 23,2024 at 05:40pm
How to Close an LBank Leverage PositionLeverage trading, also known as margin trading, allows traders to multiply their trading capital, potentially leading to higher profits. However, it also comes with increased risk, as traders can lose more than their initial investment. It is crucial to understand the mechanisms and management of leverage positions...
How to use leverage trading in Deepcoin
Nov 23,2024 at 04:52pm
How to Use Leverage Trading in DeepcoinLeverage trading is a trading strategy that involves borrowing funds from a broker to increase the potential profits of a trade. This can be a risky strategy, but it can also be very rewarding if used correctly.Deepcoin is a cryptocurrency exchange that offers leverage trading on a variety of cryptocurrency pairs. ...
Mobile Poloniex margin trading method
Nov 23,2024 at 06:40pm
Mobile Poloniex Margin Trading: A Comprehensive GuideIntroduction:Margin trading on Poloniex allows users to borrow funds and increase their potential profits by leveraging their trades. This guide provides a step-by-step explanation of how to engage in margin trading on the Poloniex mobile app.Step 1: Set Up a Margin Trading AccountOpen the Poloniex mo...
How to increase leverage on DigiFinex
Nov 23,2024 at 05:58pm
How to Increase Leverage on DigiFinexDigiFinex is a cryptocurrency exchange that offers leveraged trading. This means that you can trade with more money than you have in your account, which can amplify your profits (or losses). However, it's important to use leverage carefully, as it can also lead to significant losses if not managed properly.If you're ...
How much is the handling fee for AscendEX 100 times leverage?
Nov 23,2024 at 04:17pm
Understanding the Handling Fee for AscendEX 100 Times LeverageAscendEX is a reputable cryptocurrency exchange that offers a wide range of trading options, including high-leverage trading. When engaging in 100 times leverage trading on AscendEX, it's crucial to be aware of the handling fee associated with this service. This fee compensates AscendEX for t...
How to use margin trading on BitMart
Nov 23,2024 at 06:10pm
How to Use Margin Trading on BitMartMargin trading is a powerful tool that can help you increase your profits from cryptocurrency trading. However, it is also a risky strategy, so it is important to understand how it works before you start using it.In this article, we will provide a step-by-step guide on how to use margin trading on BitMart.1. Open a Ma...
How to close LBank leverage position
Nov 23,2024 at 05:40pm
How to Close an LBank Leverage PositionLeverage trading, also known as margin trading, allows traders to multiply their trading capital, potentially leading to higher profits. However, it also comes with increased risk, as traders can lose more than their initial investment. It is crucial to understand the mechanisms and management of leverage positions...
How to use leverage trading in Deepcoin
Nov 23,2024 at 04:52pm
How to Use Leverage Trading in DeepcoinLeverage trading is a trading strategy that involves borrowing funds from a broker to increase the potential profits of a trade. This can be a risky strategy, but it can also be very rewarding if used correctly.Deepcoin is a cryptocurrency exchange that offers leverage trading on a variety of cryptocurrency pairs. ...
Mobile Poloniex margin trading method
Nov 23,2024 at 06:40pm
Mobile Poloniex Margin Trading: A Comprehensive GuideIntroduction:Margin trading on Poloniex allows users to borrow funds and increase their potential profits by leveraging their trades. This guide provides a step-by-step explanation of how to engage in margin trading on the Poloniex mobile app.Step 1: Set Up a Margin Trading AccountOpen the Poloniex mo...
How to increase leverage on DigiFinex
Nov 23,2024 at 05:58pm
How to Increase Leverage on DigiFinexDigiFinex is a cryptocurrency exchange that offers leveraged trading. This means that you can trade with more money than you have in your account, which can amplify your profits (or losses). However, it's important to use leverage carefully, as it can also lead to significant losses if not managed properly.If you're ...
How much is the handling fee for AscendEX 100 times leverage?
Nov 23,2024 at 04:17pm
Understanding the Handling Fee for AscendEX 100 Times LeverageAscendEX is a reputable cryptocurrency exchange that offers a wide range of trading options, including high-leverage trading. When engaging in 100 times leverage trading on AscendEX, it's crucial to be aware of the handling fee associated with this service. This fee compensates AscendEX for t...
See all articles
