### Here's what you need to know about profit sharing for COVEST copy traders.

COVEST **copy traders receive 20%** of their followers' profits (COVEST deducts 2%).

**Earnings calculation frequency: daily**

**1. calculation method**

1) When a trader closes a position, if the follower becomes profitable and the profit sharing condition is reached, the system will automatically deduct the profit that the trader should receive in advance.

*The actual total profit will be settled at 09:00 the next day.

2) If the actual total profit after settlement is lower than the pre-deducted profit from the follower's account, the profit will be returned to the follower's account and the remaining part will be paid to the trader.

**2. Revenue sharing conditions**

1) Payouts will be made the next day after the follower closes all positions of the trader they are following.

2) If the follower has any unclosed orders, the profit will not be distributed. We will count the profit for distribution the day after the last position is closed.

**3. profit sharing account**

Traders receive their profits to their [Copytrading wallet].

**The details are as follows**

1) If all orders are profitable: traders are paid by applying the profit*20% trader deduction rate (10% COVEST deduction)

2) If you have a winning order and a losing order, and the winning order is larger

- If the first order is closed with a winning order: deduct profit from the first order
- If the first order is closed with a losing order: the amount of the first order's loss will be deducted from the time a winning order is placed.
- In the event of a losing order, we will calculate the PNL for the day and return the overshared portion to your followers the next day.
- The remaining amount is paid to the trader (10% Covest deduction)

3) If the losing order is larger than the winning order

- If the first order is closed with a winning order: profit deducted from the first order
- If the first order is closed with a losing order: the amount of the first order's loss will be deducted from the time a winning order is placed.
- All money shared on the day is returned to the user
- No payment to the trader

4) If all orders are losses

- Deduction of followers and no amount paid to traders

***Situation1 :**

>>>If the profit share is +30 / +20 / -10 and the order is closed before 09:00

30USDT * 20% + 20USDT * 20% - 10USDT * 20% = 8USDT

40USDT * 20% = 8USDT trader payout

***Situation 2 :**

>>>Follower closes a winning order at +30 / +20 / -10, but does not close a losing order,

If the user closes a 30USDT profit order, the user will earn 30USDT

If the user closes a 20USDT profit order, the user will receive 20USDT.

The profit share is calculated at the time when all concurrently held orders are closed.

If the losing order is closed after 3 days at 09:00, the difference will be deducted from the user's balance and paid to the trader if it is a profit compared to the previous profit.

No deduction if it is a loss compared to the previous profit

***Situation 3 :**

A follower opens 3 positions (BTC/USDT, ETH/USDT, XRP/USD) depending on the trader.

If the follower does not close both winning and losing orders by the time of settlement, no profit is deducted in advance.

Notes: The final authority for the Trader Shared Revenue Rules is held by COVEST, and COVEST reserves the right to modify these rules without prior notice.

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