The profit sharing rules of Toobit for pro traders are as follows:
1. When a pro trader brings profitable trades to a followers, 15% of the profits will be rewarded to the pro trader's spot account as commission.
2. Commission is settled once a week from Saturday 00:00 (UTC) to Friday 23:59:59 (UTC), and will be transferred to the pro trader's spot account on Monday at 01:00 (UTC). Followers can view the financial records of the transaction.
3. Only completed closed positions are eligible for commission calculation, while open positions are not counted.
4. The profit or loss of followers' closed positions will be recorded daily. 15% of the profit will be reserved for commission, which will not be credited to the followers' accounts. Instead, the difference between the total profit and total loss of the week will be added up, and 15% of the difference will be rewarded to the pro trader from reserved commission. The remaining amount will be returned to followers' accounts.
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. 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.
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