How high is Bitcoin's leverage interest rate?

How high is the leverage interest on Bitcoin? This is an issue that many netizens are concerned about. Next, the editor of PHP will bring you an introduction to the interest fees generated by Bitcoin leverage trading. Interested netizens should follow the editor to take a look!

Introduction to the interest fees generated by Bitcoin leverage trading

1. Depending on market conditions and platform policies, Bitcoin leverage interest may be

Between 0.01% and 30%.

2. The calculation formula for Bitcoin leverage trading interest is usually:

Interest cost = Leverage multiple x borrowed amount x annualized interest rate x number of days of holding the position/365.

3. The leverage ratio indicates the ratio of borrowed funds to own funds, and the annualized interest rate is the interest rate of borrowed funds.

4. Bitcoin leverage trading involves borrowing funds to enlarge the trading position, and leverage interest is the cost of borrowing funds.

5. The more funds you borrow, the higher the interest cost.

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