2024-06-26 10:52:02As 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.
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 |
|
N/A |
N/A |
|
D2 |
|
BTCUSDT: 1,000 ETHUSDT: -200 |
100 |
|
D3 |
No action done Remained Orders: |
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 |
|
N/A |
N/A |
|
D2 |
|
BTCUSDT: 1,000 ETHUSDT: -200 |
100 |
|
D3 |
|
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 |
|
-300 |
0 |
|
D7 |
|
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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