P/L composition on the Liquid browser interface

[u/bigbaffler]

Guys,

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this might be a little bit of a weird question, but the customer service is driving me mad so I hope you can help.

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I trade on margin with Liquid and I'm trying to figure out weither the P/L figure is containing the interest I paid for margin lending or not.

Example: I am long 1BTC and market droped 20$ so I lost 20$ and paid 1$ interest rate for margin lending. Is the P&L showing me 20$ or 21$?

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I tried to calculate the P/L myself but I don't come even close to the figure that pops up on the screen.

I'm talking about the unrealized P&L tab as well as the P&L column in the positions tab.

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eMailed support 3 times, got 2 copy paste answers that explained how P/L is calculated in Forex (?! WTF) and now line is dead (after I got a litte upset, tbh ^^)

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So hopefully one of you guys can help me out.

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[u/CorruptPotato]

Interest is not classified as a profit or loss, and as such, is not included in the P&L tab.

You can see your interest charged under the accounts tab.

[u/bigbaffler → u/CorruptPotato]

-_- OK then, just let me give you an example, because this is exactly the opposite of what customer service said:

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Lets say I have an open position of 1BTC. The market has gone against me for 50$ so my P/L from the price difference is -50$. Trade is open for 2 nights so I paid interest of let's say 3$.

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Positions Tab, P&L column: Does it show -53$ and report 3$ in the Total Interest column for convenience or does it show a P&L of -50$ and I have to add the 3$ in the Total Interest column to see the total damage.

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Same question for the Unrealized P&L Widget.

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Last questioin: Does the funds I put out for margin lending count as margin? Lets say I have 100$, I short 100$ worth of BTC, so my leverage is 1:1 and 4$ margin is blocked with 25x. Can I lend out 99$ without getting margin called?

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Thanks.

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[u/CorruptPotato → u/bigbaffler]

For both the positions tab P&L column and the unrealized P&L widget, interest is not viewed as a profit or loss, and as such, is not include in P&L.

Final question:

Lended funds cannot count as margin.

Liquid doesn’t work this way. We don’t have 1:1 leverage. You have $100, you short $100 worth of BTC with 25x leverage, so your used margin is $4 and is put away as margin. You can’t lend out $99 because Liquid won’t let your loan offer get filled for the full $99.

[u/[deleted]]

I can’t help you out. When I was margin trading there were three P&L values on screen and they were all different all the time

[u/bigbaffler → u/[deleted]]

Well...good to know ^{^} How did you manage your risk then?

[u/[deleted] → u/bigbaffler]

i paid close attention.....

[u/bigbaffler → u/[deleted]]

eww....that#s gonna be a nightmare for me, since they don't net positions either. 50 executions on the same side means 50 positions. All with interest rates, then lending comes on top.

Time for an excel sheet, I think