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Crypto Futures PnL Calculator

Enter your entry, exit, margin and leverage — net P&L, return on margin, fees and the break-even exit update as you type, with a warning when the exit sits beyond liquidation.

Net profit
$989.50
on $1,000 margin, after fees
Return on margin
+99%
10× leverage
Position value$10,000.00 (100 coins)
Gross P&L (before fees)$1,000.00
Fees (entry + exit)$10.50
Break-even exit price$100.10
Estimated liquidation price$90.45

Linear (USDT-margined) isolated position. Funding payments are not modeled — they shift hour by hour and can't be known in advance; over days they can move the result materially in either direction.

Plan the exit in tiers instead of one price

Estimates only — not financial advice.

Quick answer

Futures profit and loss equals (exit price minus entry price) times position size, where leverage multiplies both gains and losses on your margin. This calculator returns net P&L after fees, return on margin, the break-even exit, and warns when your target exit sits beyond the liquidation price — the point where the position is force-closed.

How this is calculated

The position's size is margin × leverage, bought as quantity = position value ÷ entry. Gross PnL = quantity × (exit − entry) for a long, mirrored for a short. Fees are taken on the notional both ways — position value × fee at entry, quantity × exit × fee at exit — and net PnL is gross minus both.

Return on margin = net PnL ÷ margin — the leveraged number. The break-even exit solves net PnL = 0: for a long, entry × (1 + fee) ÷ (1 − fee). The liquidation check reuses the same isolated-margin baseline as the liquidation price calculator: any exit beyond that price is unrealizable, and the calculator says so instead of quietly reporting it.

Funding payments are deliberately not modeled — they reprice every few hours and can't be known in advance. The leverage and liquidation guide covers what each leverage tier survives against real Bitcoin volatility. Every formula is unit-tested; see the methodology page.

Frequently asked questions

How is futures PnL calculated?
For a linear (USDT-margined) contract: quantity = (margin × leverage) ÷ entry price, and gross PnL = quantity × (exit − entry) for a long (reversed for a short). Fees are charged on the notional at entry and exit; net PnL is gross minus both. The calculator shows every intermediate value.
Why is my return on margin so much bigger than the price move?
Leverage. A 10% favorable move on 10× leverage returns roughly 100% of your margin, because the position is ten times bigger than the collateral behind it. The same arithmetic runs in reverse: a 10% adverse move wipes the margin entirely — usually before that, at the liquidation price the calculator shows.
Do fees really matter on leveraged trades?
More than most traders expect: fees are charged on the notional, not your margin. At 10× leverage a 0.05% taker fee per side costs about 1% of your margin on the round trip — so a trade has to move roughly 0.1% in your favor just to break even. The break-even exit row makes that price explicit.
Why does the calculator say I'd be liquidated before my exit?
If your loss-side exit sits beyond the estimated liquidation price, the exchange force-closes the position before the market ever gets there — you can't realize a loss milder than liquidation by planning to exit deeper than it. The warning uses the same isolated-margin baseline as our liquidation calculator.
Does this include funding payments?
No. Perpetual futures exchange funding between longs and shorts every few hours at a rate that changes constantly — it cannot be known in advance, so pretending to model it would be false precision. For multi-day positions, funding can move the real result materially in either direction.

Related guides

Crypto Leverage and Liquidation: How Far Your Trade Is From ZeroLiquidation price is arithmetic, not luck. The exact formula, what each leverage tier survives, and how often Bitcoin's ordinary daily noise crosses those lines.Crypto Position Sizing: The 1% Rule, Worked OutHow to size a trade from your stop-loss so a loss costs exactly what you chose — the formula, the survival math behind the 1% rule, and why a tight stop means a bigger position, not less risk.

Related calculators

Liquidation Price CalculatorWhere this position gets force-closedPosition Size CalculatorSize the trade from your stop, not your hopesTake-Profit CalculatorScale out in tiers instead of one exit

Disclaimer: This tool provides educational estimates only — it is not financial, investment, or tax advice. Crypto assets are volatile; past performance does not guarantee future results. See our methodology and full disclaimer.