John & Rob are trading on BitMEX
— Cred (@CryptoCred) August 21, 2018
John buys 100 XBTUSD contracts at 2X leverage at $6,000.
Rob buys 100 XBTUSD contracts at 50X leverage at $6,000.
Price moves up 1% from their entries — they both close their positions.
Assume all else is equal.
Who made more money/XBT?