Keep these points in mind about your average entry price:
1) Funding fees paid while holding a position are also a cost. The longer you hold, the more costs you need to recover; funding fees received can offset some of them.
2) You pay a fee when both opening and closing a position, and both fees are calculated based on the notional value. So the price needs to move beyond your average entry price by a certain amount before you break even.
3) When setting take-profit levels and calculating your break-even price, include both opening and closing fees as well as any funding fees paid.
Here’s a real-time reference: $BTC Current price: 83290.29, 24h +1.09%.
#BTC
1) Funding fees paid while holding a position are also a cost. The longer you hold, the more costs you need to recover; funding fees received can offset some of them.
2) You pay a fee when both opening and closing a position, and both fees are calculated based on the notional value. So the price needs to move beyond your average entry price by a certain amount before you break even.
3) When setting take-profit levels and calculating your break-even price, include both opening and closing fees as well as any funding fees paid.
Here’s a real-time reference: $BTC Current price: 83290.29, 24h +1.09%.
#BTC