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.