Crypto PnL & Risk Calculator
Leverage & Liquidation
Frequently Asked Questions
- Net PnL = gross price move minus entry fees, exit fees, and funding. Position size is margin × leverage, so both profits and losses are amplified. Maker and taker fees should be modeled separately because official Coinbase Advanced fee guidance treats liquidity-providing and liquidity-taking orders differently.
- The calculator uses a simplified leverage estimate: entry × (1 − 1/leverage) for longs and entry × (1 + 1/leverage) for shorts. Real venues can liquidate earlier because of maintenance margin, mark price rules, and funding. The CFTC virtual currency advisory warns that leverage amplifies risk in virtual currency derivatives.
- Break-even is the exit price where gross PnL exactly covers entry fee, exit fee, and funding. For a long: BE = (position size + entry fee + funding) / (coins × (1 − taker fee)). For a short, the sign flips and the divisor becomes (1 + taker fee).
- Many traders start with at least 1:2, meaning the take-profit distance is twice the stop-loss distance. It is still only a planning rule: FINRA notes that crypto assets can be extremely volatile and may lose value quickly.
- Perpetual futures funding can turn a good-looking trade into a weaker net result when a position is held for several days. Funding is exchange-specific, so use your live rate; this model treats it as a daily cost on position size. For background, Binance Academy explains how funding payments move between long and short traders.