Lead Trader Benefits in Binance Futures Copy Trading
2023-08-22 04:13
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In Binance Futures copy trading, lead traders can receive:
Up to 30% profit share from their copy traders’ earnings.
A 10% commission on their copy traders’ trading fees.
Please note:
The weekly profit share mechanism has been updated since 2024-09-23, it will be settled based on portfolio Total PNL instead of realized PNL. Snapshots of each copy portfolio’s Total PNL are taken every Monday starting from00:00:00 (UTC).
The system will settle weekly profits if the lead portfolio’s unrealized PNL is above -20,000 USDT at the snapshot time. The system will not distribute the weekly profit share if the copy portfolio’s available balance is below the profit share amount. Trading fee commissions won’t be affected.
A newly copied portfolio may pay a profit share on Mondays if copied before the profit share calculation period.
After settlement, profits will be automatically distributed to the lead trader’s Spot Wallet on Mondays.
Lead traders will receive a 10% weekly commission from their active copy portfolios on Mondays.
There is a cap on the weekly 10% trading fee commission. The system will take snapshots of each copy portfolio’s margin balance starting from 00:00 UTC on Mondays. The cap is calculated as:
Additionally, lead traders will receive profits when:
A copy trader stops copying their portfolio.
The lead trader closes their portfolio.
A copy trader withdraws profits from the copy portfolio.
1. How to calculate the profit to be settled?
The amount of profit to be settled is calculated using the following formula:
Profit to be settled = max [(total realized profit of the copy portfolio + unrealized PNL of the copy portfolio) * profit share percentage - shared profit, 0]
2.How to calculate the profit share for a copy portfolio?
The profit amount to be settled is based on the portfolio’s PNL. The system will calculate the total profits of all copy portfolios.
For example, if the investment amount for a copy portfolio is 1,000 USDT and the copy portfolio trades multiple times a week, the profit share percentage will be 10%.
Time
PNL change
Total PNL
Total Profit Share
Shared Profit
Profit to Be Settled
Week 1
+ 200
+ 200
20
0
20
Week 2
- 150
+ 50
5
20
0
Week 3
+ 100
+ 150
15
20
0
Week 4
+ 150
+ 300
30
20
10
Please note:
PNL change refers to the net realized profit of the week.
Total PNL refers to the total realized PNL and unrealized PNL of the copy portfolio.
Total PNL is calculated after deducting all fees.
Shared profit refers to profits that have already been settled.
In Weeks 2 and 3, the total profit share amount is lower than the shared profit amount. Therefore, the profit to be settled is zero.
2. Select from [Copy Trading] to [Fiat and Spot]. There should be a profit-share description under the ‘Notes’ section.
From the Lead Trading Dashboard:
Go to [My Lead] - [Unrealized Profit Sharing] to check the details.
Weekly 10% commission benefit
Go to the [Transaction History] page and click on [Distribution]. There should be a description of the Copy Trading Referral Program under the ‘Notes’ section.
For more information regarding Binance Futures Copy Trading, please refer to:
