Futures PNL Calculator

Enter your entry price, exit price, size and leverage to see the profit or loss and the return on your margin.

How futures profit and loss work

In a futures trade you control a position worth much more than the margin you put up. The position size is the entry price multiplied by the quantity. The profit or loss is the difference between the exit price and the entry price, multiplied by the quantity. For a long position you profit when the price rises, and for a short position you profit when it falls, so the sign flips.

Margin and return on margin

The initial margin is the position size divided by the leverage. With 20x leverage, a 30,000 USDT position needs 1,500 USDT of margin. The return on margin, often called ROI or ROE, is the profit divided by the initial margin. Because the margin is small, a small price move makes a large percentage return, in either direction. A 1% move at 20x is a 20% gain or loss on the margin.

Fees

You can add a trading fee as a percentage of the position value on each side. The calculator charges it on the opening value and on the closing value, and shows the net result after fees. Leave it at 0 to see the plain price result. The calculator does not include funding fees on perpetual contracts, which depend on how long you hold, and it does not model liquidation. Use the liquidation calculator to check the price at which the position would be closed.

Futures trading with leverage carries a high risk of loss. This calculator does simple arithmetic and is not financial advice.

Common questions

How do you calculate futures PNL?

For a long, multiply the exit price minus the entry price by the quantity. For a short, multiply the entry price minus the exit price by the quantity.

What is initial margin?

It is the money you must put up to open the position, equal to the position size divided by the leverage.

What is ROI on a futures trade?

It is the profit or loss divided by the initial margin. It is much larger than the percentage move in price, because of leverage.

Does leverage change the profit in dollars?

No. For the same quantity and prices the dollar profit is the same. Leverage only changes how much margin you need, and so the percentage return on that margin.

Are fees included?

Only if you enter a fee. The calculator applies the percentage to the position value at opening and at closing.

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