[HELP] Computing Bitmex profits

I am new to this crypto trading and very confused on how bitmex profit works. I hope someone can help.

I bid USD = $450
Leverage = 20x
LONG
Entry Price = 8954
Exit Price = 9050

ROE is = 20%

What I understand is, I should get a profit of $450 x 20% = $90

Guess what? I only got $4.54 as profit!

Please I need help.

you must divide your profit to your leverage too. 90/4.54 = 19.999 (this is your leverage)

kodmanyagha said:

you must divide your profit to your leverage too. 90/4.54 = 19.999 (this is your leverage)

Click to expand...

Yes. I didn't know that. I have to type in the quantity manually. It was my fault, I just dive right in bitmex without reading.