BigONE Spot Average Cost Pricing Feature Now Available

Dear BigONE users,

In order to further optimize the trading experience, BigONE has launched the spot average cost price function. The web version can be viewed at the assets on the right side of the spot trading page, and the App version will be displayed after the next version update. After the update, it can be viewed at "Trading" -> "Spot" -> "Assets".

What is the average cost price?

The spot average cost price refers to the average cost price of buying spot, which is the amount of spot transactions and spot strategies transferred to the spot account. Please note: Stablecoins and fiat currencies do not calculate the cost price. The cost price calculation only includes the part of transactions after 00:00:00 on 1 January 2024 (UTC 8). The data is for reference only and cannot be guaranteed to be absolutely accurate.

Average cost price usage scenario

As a reference data, it is mainly used to assist trading decisions and determine the timing of buying and selling.

Average cost price related data calculation formula

Average cost price = (average cost price before the last purchase x quantity the price of the last purchase x purchase quantity) / (net purchase quantity net transfer quantity)
Net purchase quantity = total purchase quantity - total sale quantity
Net transfer quantity = total quantity transferred from spot strategy to spot account - total quantity transferred from spot account to spot strategy
Profit = (latest price - average cost price) * (net purchase quantity net transfer quantity)
Rate of return = ((latest price - average cost price) * (net purchase quantity net transfer quantity)) / (average cost price * (net purchase quantity net transfer quantity))

Example:
You can understand the corresponding calculation formula through the following example.
Assuming that you did not hold BTC before, you bought 2 BTC on the first day at a price of 60,000, and the latest price is 65,000

Average cost price = (0 60,000 * 2) / 2 = 60,000
Profit = (65,000-60,000)*2 = 10,000
Rate of return = ((65,000 - 60,000)*2)/(60,000*2) * 100% = 8.33%

Sold 1 BTC on the second day at a price of 65,000, and the latest price is 70,000

Average cost price = 60,000
Profit = (70,000-60,000)*(2-1) = 10,000
Rate = ((70,000 - 60000)*(2-1))/(60000*(2-1)) * 100% = 16.66%

On the 3rd day, 1 BTC was purchased at a price of 70000, and the latest price is 80000

Average cost price = (60000*1 70000*1)/(1 1) = 65000
Profit = (80000-65000)*(1 1) = 30000
Rate of return = ((80000 - 65000)*(1 1))/(65000*(1 1)) * 100% = 23.07%

On the 4th day, a spot quantitative strategy was created to transfer out 1 BTC, and the price at the time of transfer was 80000, and the latest price is 75000

Average cost price = 65000
Profit = (75000-65000)*(2-1) = 10000
Rate of return= ((75000 - 65000)*(2-1))/(65000*(2-1)) * 100% = 15.38%

On the 5th day, the spot quantitative strategy was stopped and 1 BTC was transferred in. The price at the time of transfer was 70000, and the latest price at this time was 60000

Average cost price = (65000*1 70000*1)/(1 1) = 67500
Profit = (60000-67500)*(1 1) = -15000
Rate of return = ((60000 - 67500)*(1 1))/(67500*(1 1)) * 100% = -11.11%

Average cost can be modified
The average cost price cannot guarantee absolute accuracy. You can modify it according to your personal situation. The system will recalculate the rate of return and income amount based on the average cost price you entered. The average cost price cannot be restored after modification.

Regards,

BigONE Team
31 December 2024