980 B
980 B
An instance of a Trade/LocalTrade object is given either a value for leverage or a value for borrowed, but not both, on instantiation/update with a short/long.
- If given a value for
leverage, then theamountvalue of theTrade/Localobject is multiplied by theleveragevalue to obtain the new value foramount. The borrowed value is also calculated from theamountandleveragevalue - If given a value for
borrowed, then theleveragevalue is left as None
For shorts, the currency which pays the interest fee for the borrowed currency is purchased at the same time of the closing trade (This means that the amount purchased in short closing trades is greater than the amount sold in short opening trades).
For longs, the currency which pays the interest fee for the borrowed will already be owned by the user and does not need to be purchased
The interest fee is paid following the closing trade, or simultaneously depending on the exchange