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    Copy Trading: Profit Sharing Explained
    bybit2024-06-26 10:52:02
    On the AppOn the Website

    As a Master Trader on Bybit, you can share a ratio of the net profit earned by each of your Followers. Conversely, as a Follower, you need to share a ratio of your position profit with your Master Trader. 

     

    The profit sharing ratio varies based on the rank of the Master Trader, mainly in Cadet, Bronze, Silver and Gold. 

     

     

    Cadet

    Bronze

    Silver 

    Gold

    Profit Sharing Ratio

    10%

    10%

    12%

    15%



    Master Traders can check their profit sharing ratio from their Master Trader Rank page while Followers can view the profit sharing ratio of the Master Trader from the Master Trader Profile. 

     

    CT PE 01.png






    Profit Sharing Rules

    Before starting your Copy Trading, please note the following rules:

     

    1. The system calculates the net P&L made by Followers on a daily basis, offsetting the profit and loss amount over the settlement cycle. The system pre-deducts the profit sharing ratio of the daily profit earned in advance. On settlement day, if the actual profit share amount is lower than the pre-deducted profit from the copy trade orders, the excess amount will be returned to the Follower’s Funding Account, and the profit share amount will be credited to the Master Trader’s Funding Account.

     

    2. The settlement cycle runs from 12AM (midnight) UTC on Saturdays to 11:59:59PM UTC on Fridays. Ten percent of the overall net profit will be distributed to the Master Trader’s account on the settlement day, which occurs at 3AM UTC every Monday.

     

    3. For USDT Perpetual trades opened on the same day, the Followers' profit will be pre-deducted and held pending distribution to the Master Trader on the settlement day, once the Perpetual trades are closed or terminated. However, the profit share will only be distributed to the Master Trader if all the Perpetual trades opened on the same day are closed. 

     

    4. In the case of trading bots, any positive total P&L will be pre-deducted for profit calculation purposes only upon the termination of the bot. The profit share from the terminated bot will then be credited to the Master Trader's Funding Account during the settlement time. 

     

    5. Master Traders can share the net profit earned by their Followers only when the total net P&L of the Follower's closed positions or bots are profitable during the settlement period. If there’s a net loss in the total P&L, the pre-deducted profit share will be refunded to the Follower on the settlement day.






    Settlement Time 

    Settlement Time: 3AM UTC on Mondays

    Profit Calculation Period: 12AM (midnight) UTC on Saturday to 11:59:59PM UTC on Friday

     

    Formula

    Net Profit = Position P&L − Fee to Open − Fee to Close

     

    Example (Using a 10% Profit Sharing Ratio as Illustration)

    Follower A follows Master Trader B and copies the trades and bots below. Let’s take a look at how Follower A’s position and bot status are reflected in the profit sharing. Assuming the position P&L stated below does not include fees: 



    Scenario 1: Perpetual trades opened on the same day fully closed.

     

    Day

    Position & Bot Status (Follower)

    P&L After Fees (USDT)

    Daily Pre-Deduction (USDT)

    D1

    • Opened 2 BTC long position 

    • Opened 1 ETH short position

    • Created XRPUSDT Bot

    N/A

    N/A

    D2

    • Closed 2 BTC long position

    • Closed 1 ETH short position

    BTCUSDT: 1,000


    ETHUSDT:

    -200

    100

    D3

    No action done


    Remained Orders:
    XRPUSDT Bot

    N/A

    N/A

    D4


    (Settlement Day)

    Actual Profit Share = (1,000 x 10%) - (200 x 10%) = 80 USDT

    Total Pre-Deduction = 100 USDT

    Refund = 100 − 80 = 20 USDT 


    Among the pre-deducted 100 USDT, 20 USDT will be refunded to the Follower’s Funding Account while 80 USDT will be distributed to the Master Trader as a profit share. 


    For the XRPUSDT bot, as it has not been terminated yet, there will be no profit share to the Master Trader even if the bot is currently having a positive total P&L. 



    Scenario 2: Perpetual trades open on the same day and not fully closed.

     

    Day

    Position & Bot Status (Follower)

    P&L After Fees (USDT)

    Daily Pre-Deduction (USDT)

    D1

    • Opened 2 BTC long position

    • Opened 1 ETH short position

    N/A

    N/A

    D2

    • Closed 1.2 BTC long position

    • Closed 1 ETH Short position

    BTCUSDT: 1,000 


    ETHUSDT: -200 

    100

    D3

    • Opened and closed a SOLUSDT position

    300

    30

    D4

    No Action Done


    Remained Orders: 0.8 BTC long position

    D5


    (Settlement Day)

    Actual Profit Share = 300 x 10% = 30 USDT

    Total Pre-Deduction = 100 + 30 = 130 USDT


    The pre-deducted profit share of 100 USDT on D2 will not be distributed to Master Trader or refunded to Follower since it will not be calculated in this cycle of profit share as not all trades opened on the same day (D1) have been fully closed. 


    However, the 30 USDT profit share on D3 will be distributed to Master Trader on this settlement cycle as all trades opened on D3 have been fully closed. 

    D6

    • Closed the remaining 0.8 BTC position opened on D1

    -300

    0

    D7

    • Created and Terminated a Futures Grid Bot

    500

    50

    D12

    (Settlement Day)

    Assuming there are no actions taken after D7, the profit share is calculated as follows:


    Actual Profit Share =  - (300 x 10%) + (500 x 10%) + (1000 x 10% ) - (200 x 10%) = 100

    Total Pre-Deduction = 100 + 50 = 150

    Refund = 150 - 100 = 50


    The profits and losses in D2 will be calculated and net off with any realized losses in this settlement cycle. Among the 150 USDT pre-deducted profits, 50 USDT will be refunded back to Followers and the remaining 100 USDT will be distributed to Master Trader as Profit Share



    For more information, please refer to FAQ — Copy Trading.






    How to View Your Profit Share

    Definition of Realized and Unrealized Profit Share

    • Realized Profit Share: This shows the profit share that has been settled and distributed to the Master Trader’s Funding Account.

    • Unrealized Profit Share: This reflects the unrealized profit share yet to be settled. However, this amount does not represent your actual profit share to be settled on the upcoming settlement day. The unrealized profit-sharing figure is subject to change for various reasons, such as the need for refunds to followers in case the net P&L shows losses or if some trades opened on the same day remain unclosed.




    For Master Traders

    Go to your Copy Trading Trader’s Center → Profit Sharing, and you will be able to see the Profit Sharing details from each of your Followers. 

     

     

    Alternatively, scroll down to the bottom of Trader’s Center and you will see your Profit Share overview. 

     

     

    From your Funding Account → Asset History, you can see the Transfer from Copy Trading or Master Trader Profit Sharing in USDT. 

     




     

     

     

    For Followers

    Go to Copy Trading and tap on My Trades to enter User Center (Follower). Tap on the dotted line on Realized or Unrealized Profit Share and you will be able to see your profit share details for USDT Perpetual trades and trading bots.

     

     

     

    If you want to see the profit share details under each Master Trader, tap on Master Traders → Current Copy Trades to see the profit share details of your Master Trader. 

     

     

     

    You can see the deduction record and refund from the Copy Trading Transaction History page.

     

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