Settlement Rules

When a lead trader closes a position, Poloniex will withhold the corresponding profit share from the followers' copy trade accounts if the followers have generated profits. The actual profit share payable to the lead trader will be calculated and distributed at 00:00 (UTC) on the following day based on the actual total profits earned by the followers. 

If the actual profit share payable to the lead trader turns out to be lower than the withheld amount, the excess will be returned to the followers' accounts before the profit share is credited to the lead trader.  

Settlement Requirements

1. When a follower has no open positions that are copying the lead trader (i.e., all copying positions have been closed as of the day), the profit share will be settled on the following day. 

2. If the follower still has open copying positions, no profit share will be settled until these positions are closed. The profit share of all positions will only be settled the day after the last position is closed. 

Example

Lead Trader M opens positions in BTC/USDT, ETH/USDT, and LTC/USDT, which are copied by User A, B, C, D, and E. 

Scenario 1:

User A copies Lead Trader M's trade and opens a position in LTC/USDT, which generates a profit of 100 USDT. User A then closes this position before the settlement. 

The estimated amount of the profit share withheld is 100 USDT *8% = 8 USDT, which will be paid out to Lead Trader M after the settlement on the following day. 

Scenario 2:

User B copies Lead Trader M's futures trades in BTC/USDT, ETH/USDT, and LTC/USDT, which make a 300 USDT profit, a 20 USDT profit, and a 100 USDT loss, respectively. User B closes all these positions before the settlement. 

The estimated amount of the profit share withheld is 300 USDT *8% + 20 USDT *8% - 100 USDT *8% = 17.6 USDT, which will be paid out to Lead Trader M after the settlement on the following day. 

Scenario 3:

User C copies Lead Trader M's futures trades in BTC/USDT, ETH/USDT, and LTC/USDT, which make a 300 USDT profit, a 20 USDT profit, and a 100 USDT loss, respectively. User B closes the profitable positions in BTC/USDT and ETH/USDT before the settlement, leaving the losing position in LTC/USDT open. 

The estimated amount of the profit share withheld is 300 USDT *8% + 20 USDT *8% = 25.6 USDT, which will NOT be paid out to Lead Trader M on the following day (Day 2). If User C closes the LTC/USDT position with a loss on Day 3, the profit share for Lead Trader M becomes 300 USDT *8% + 20 USDT *8% - 100 USDT *8% = 17.6 USDT, which will be paid out after the settlement on Day 4, and the remainder of the withheld assets will be returned to User C's copy trade account. 

Scenario 4:

User D copies Lead Trader M's futures trades in BTC/USDT, ETH/USDT, and LTC/USDT and keeps all these positions open at the settlement time. In this case, no profit share will be withheld. 

Scenario 5:

User E copies Lead Trader M's futures trades in BTC/USDT, ETH/USDT, and LTC/USDT, which make a 300 USDT loss, a 200 USDT profit, and a 150 USDT profit, respectively. User E closes the losing position in BTC/USDT before the settlement on Day 2 and closes the other two profitable positions after the settlement. 

The estimated amount of the profit share for Lead Trader M is -300 USDT *8% + 200 USDT *8% + 150 USDT *8% = 4 USDT, which will be paid out after the settlement on Day 3.