Spot Trading: Cost Price Explained

*Currently, access to the Cost Price feature in its beta testing phase is limited to selected users and will be expanded to all users at a later time.

 

The cost price in spot trading refers to the average market price of the cryptocurrency inflow in your Spot account through platform features including Buy Crypto, Spot trading, Transfer, Convert, Trading Bots, Crypto Loans, and OTC Loan.

Cost price = (Current cost price * Current amount + Inflow amount * Inflow market price) / (Current amount + Inflow amount)

 

Example 1: You currently hold 1 ETH with a cost price of $3,000. The current market price of ETH is $4,000, and you buy 1 more ETH at this price.

ETH Quantity Before Buying

Cost Price Before Buying

Added ETH

ETH's Market Price When Buying

Cost Price After Buying

1

$3,000

1

$4,000

(1*3,000+1*4,000) / (1+1) = $3,500

Example 2: You currently hold 2 ETH with a cost price of $3,000. The current market price of ETH is $4,000, and you sell 1 ETH at this price. Since there was no increase in the quantity of ETH held, the cost price remains unchanged at $3,000.

 

Note: Cost price is for informational purposes only and may be used to assist in trading decisions. However, the data's accuracy cannot be guaranteed. We appreciate your understanding. Data can be traced back to July 1, 2022, 00:00 (UTC+8). For assets held continuously till now since before this date, the prices on July 1, 2022, 00:00 (UTC+8) will be used for calculation. Today's PnL and total PnL for spot trades are calculated based on the cost price.

 

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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.