Tbh I had no idea this was even a thing until recently. I've been working with Rails for a while now and somehow never came across it. So let me explain it the way I understood it. You know how we normally do associations in Rails, User has many Posts, Post belongs to User. Two different models, two different tables. Simple. But what if a model needs to reference itself? Like same table, same mode
Most trading fee calculators show you two numbers: the dollar amount and the percentage of notional. Both are correct. Neither is useful. Here's the problem. Say you're trading Bitcoin perpetuals on Bybit. Taker fee is 0.055% each side. You buy $10,000 notional. Entry fee: $5.50 Exit fee: $5.50 Round trip: $11.00 Does that matter? Impossible to say without knowing one more number: how much are you