How did I make so little money from btc leverage?

[OneandOnly22]

I opened a long position at $325 and set a limit order at $360. I used 1 btc and 10:1 leverage how did I only end up profiting 0.1 btc. Can someone explain? (Used magnr exchange)

[1715128390]

1715128390

[Amph]

I opened a long position at $325 and set a limit order at $360. I used 1 btc and 10:1 leverage how did I only end up profiting 0.1 btc. Can someone explain? (Used magnr exchange)

how much are the fee there? and never heard of that exchange they could be scammers

[OmegaStarScream]

I opened a long position at $325 and set a limit order at $360. I used 1 btc and 10:1 leverage how did I only end up profiting 0.1 btc. Can someone explain? (Used magnr exchange)

You may want to see this : https://magnr.com/how-it-works or contact their support and ask for help .

I opened a long position at $325 and set a limit order at $360. I used 1 btc and 10:1 leverage how did I only end up profiting 0.1 btc. Can someone explain? (Used magnr exchange)

how much are the fee there?, and never heard of that exchange they could be scammers

and no , they are not a scam as far as I know . If I remember right they are both saving (you earn 2.18% interest a year or something) and trading as-well and they was known as BTC.sx before .

[OneandOnly22]

how much are the fee there? and never heard of that exchange they could be scammers

- Trade Open Fee:       0.45 % (of Position Size)

- Trade Close Fee:       0.45 % (of Position Size)

- Daily Funding Fee:    0.30 % (of Position Size)

[odolvlobo]

how much are the fee there? and never heard of that exchange they could be scammers

- Trade Open Fee:       0.45 % (of Position Size)
- Trade Close Fee:       0.45 % (of Position Size)
- Daily Funding Fee:    0.30 % (of Position Size)

How long did you have the position open?

For a trade of 10 BTC, the open fee is .045 BTC, the close fee is 0.045 BTC and the daily fee is 0.03 BTC.

If you bought 10 btc at $325 and sold it at $360, then your profit before fees is $350 or 0.972 BTC. If you held the position for 26 days, then total daily fee would be 0.78 BTC. Subtract the 0.09 BTC opening and closing fees and your profit is 0.102 BTC

[OneandOnly22]

how much are the fee there? and never heard of that exchange they could be scammers

- Trade Open Fee:       0.45 % (of Position Size)
- Trade Close Fee:       0.45 % (of Position Size)
- Daily Funding Fee:    0.30 % (of Position Size)

How long did you have the position open?

For a trade of 10 BTC, the open fee is .045 BTC, the close fee is 0.045 BTC and the daily fee is 0.03 BTC.

If you bought 10 btc at $325 and sold it at $360, then your profit before fees is $350 or 0.972 BTC. If you held the position for 26 days, then total daily fee would be 0.78 BTC. Subtract the 0.09 BTC opening and closing fees and your profit is 0.102 BTC

I only had the position open for one day so I'm still confused as to why my profit was so little. Look at my trade below.

Position Size
1.0800

Trade Fees
0.00972

Daily Fees
0.00000 [ per 24h]

Stop Loss
$29.0000

Deposit
0.12960000

Open Price
$325.34

Opened At
2015-11-25
 
Position Profit
0.10511736

Leverage
10:1

Close Price
$360.42

Closed At
2015-11-26

Sell Limit
$35.0000

[odolvlobo]

...
Position Size
1.0800
...

This might be a clue.