Futures PNL Calculator
Calculate exact profit, loss, ROE%, liquidation price and fees for Long and Short crypto futures positions
Long & Short PNL
Toggle between Long (buy) and Short (sell) to calculate directional futures profit or loss
Liquidation Price
Know exactly at what price your position gets liquidated based on your leverage and margin mode
Full Fee Breakdown
Includes open and close taker/maker fees so your net PNL is always accurate after exchange costs
Related Keywords & Topics
Futures PNL Calculator
Crypto & Forex Futures — Long / Short
Trade Parameters
Isolated: risk limited to position margin only
Bitcoin
PNL Results
Bitcoin
Isolated · 10× Leverage
Fill in Entry Price, Exit Price and Quantity to see results
Complete Guide to Futures Trading PNL
What Are Crypto Futures?
Crypto futures are derivative contracts that allow traders to speculate on the future price of a cryptocurrency without owning the underlying asset. They support both Long (buy) and Short (sell) positions, enabling profit in both rising and falling markets.
Leverage is the key feature of futures — it amplifies your buying power. With 10× leverage, a $1,000 deposit controls a $10,000 position. This magnifies both gains and losses by the same factor.
PNL Formulas
Long PNL
Raw PNL = (Exit Price − Entry Price) × Quantity
Short PNL
Raw PNL = (Entry Price − Exit Price) × Quantity
Net PNL & ROE
Net PNL = Raw PNL − (Open Fee + Close Fee)
ROE % = Net PNL ÷ Initial Margin × 100
Liquidation Price (Isolated)
Long Liq = Entry × (1 − 1/Leverage + MMR)
Short Liq = Entry × (1 + 1/Leverage − MMR)
MMR = Maintenance Margin Rate (typically 0.5%)
Isolated vs Cross Margin
Isolated Margin
- • Only the deposited margin is at risk
- • Liquidation = position-level
- • Easier to control maximum loss
- • Ideal for beginners and risk management
Cross Margin
- • Entire account balance used as margin
- • Liquidation price is more lenient
- • Can lose entire account if market moves sharply
- • Better for hedging multiple positions
Leverage & Liquidation Distance
For a Long position — how far price must fall before liquidation:
| Leverage | Liq Distance (approx) | Initial Margin % |
|---|---|---|
| 2× | ~49.5% | 50% |
| 5× | ~19.5% | 20% |
| 10× | ~9.5% | 10% |
| 20× | ~4.5% | 5% |
| 50× | ~1.5% | 2% |
| 100× | ~0.5% | 1% |
Futures Trading Risk Tips
Tip 1: Use liquidation price as your absolute stop-loss threshold — set your stop above it with a comfortable buffer.
Tip 2: Fees matter significantly at high frequency — even 0.04% round-trip fees on 100× leverage consume 4% of your margin per trade.
Tip 3: Never use maximum leverage on volatile assets. High leverage + high volatility = near-instant liquidation.
Common Futures Trading Mistakes
❌ Over-leveraging
Using 50–100× leverage on volatile assets leads to liquidation from normal market noise. Stick to 2–10× for most trades.
❌ Ignoring Funding Rates
Perpetual futures charge a funding rate every 8 hours. Long positions pay when rate is positive — this erodes profits on held positions.
❌ No Stop-Loss
Entering a leveraged position without a stop-loss can result in full liquidation. Always define your maximum loss before entry.