The profit sharing rules of Toobit for pro traders are as follows:
1. After followers get profit from pro trader's copytrading strategy, the net income will be distributed to the account of the pro trader according to a certain proportion;
2. Currently, the pro traders support setting two different profit sharing cycles.
The first one: profit sharing is settled based on the week - the system settles the commission once a week: from 00:00 (UTC) to Sunday 23:59:59 (UTC) every Monday, and at 08:00 (UTC) on Monday UTC) will transfer the profit sharing to the account of the order taker, who can check it through the financial records at that time;
The second: profit sharing settlement based on the day - the system will settle the profit sharing once at 08:00 (UTC) on day T+1, and the order leader can check it through the financial records at that time;
| Benefits | Co-pilot | Pilot | Captain | Astronaut |
| Profit sharing ratio | 0～10% | 0～12% | 0～15% | 0～20% |
3. Only completed closed positions are eligible for commission calculation, while open positions are not counted.
4. The profit and loss of the merchandiser's orders that are closed on the same day will be recorded. The net profit will be recorded as pre-deducted profits according to the profit sharing ratio set by the merchandiser and will not be sent to the merchandiser's account. On each settlement day, the overall profit and loss of the closing order within that time period will be calculated. Finally, the overall profit and loss will be added up and the difference will be given to the order operator from the pre-deducted profit according to the profit sharing ratio, and the remaining part will be returned to the follower. documentary account.
Here are examples of how the commission works:
A. Suppose Follower A opened a BTCUSDT perpetual futures with a pro trader at 15:00 on Thursday and closed it with a profit of 20 USDT and trading fees of 2 USDT before settlement, and the profit sharing ration is 15%. Then the reserved commission is (20-2)*15% = 2.7 USDT, which will be rewarded to the pro trader after settlement.
B. If Follower A opens a contract with a pro trader at 15:00 on Thursday and does not close it before settlement, no commission will be reserved. However, if the follower closes it with a profit next Wednesday, commission will be calculated.
C. Suppose Follower A opens BTCUSDT and ETHUSDT perpetual futures with a pro trader at 15:00 on Thursday, and there is a profit of 30 USDT in BTC perpetual futures, a loss of 10 USDT in ETH perpetual futures, with trading fees of 3 USDT and 1 USDT for BTC and ETH contracts respectively. Then the commission for the pro trader is (30-10-3-1) * 15% = 2.4 USDT.
Note：
The system will determine the pro trader level at 08:00 (UTC) every day, at which time the user will enjoy the profit sharing ratio range of the corresponding level.
For example: at 08:00 (UTC), the pro trader is promoted from Co-pilot to Pilot, and the profit sharing ratio at this time also increases from 0~10% to 0~12%
If the profit sharing ratio previously set by the user is 10%, then the profit sharing ratio will be 10%.
If the user adjusts the profit sharing ratio to 12% at this time, then the new copying users after the profit sharing ratio is adjusted will be divided according to 12%, and the copying users before the profit sharing ratio is adjusted will still be divided according to 10%.
*Note: If the level changes, traders can adjust the profit sharing ratio according to the range of the corresponding level.
We are committed to providing users with the best trading products and services. We look forward to your participation in Toobit's copy trading. Thank you for your support!
Toobit Team